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Carbon Conversion Group S1 may prove R&D, commercialization venture's step toward scaleup
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CEO Bob Doherty

CARBON Conversion Group Inc. (CCG), which on Jan. 18 filed its draft S-1 registration statement with the SEC, is adding senior staff for its principal office in Murfreesboro and intends to begin scaling its business this year.

The distribution outlined in the prospective S-1 would spin-off to certain shareholders who have had interests in two progenitor enterprises roughly 13MM aggregated shares of CCG. CCG is to receive no proceeds from the transaction.

Led since June 2023 by President, CEO and Director Robert C. "Bob" Doherty, 63, the management team said in its Jan. 18 preliminary filing that it is pursuing a transformative role for the research, development and commercialization company in the waste-recycling sector.

Serial entrepreneur Doherty and his family relocated from California to the Nashville area in 2022. His LinkedIn is here.

CCG has arrived during a cycle of surging interest in its sector -- and has landed in a state with science, technology, energy, engineering, advanced manufacturing and supply-chain advantages seem to be drawing heightened recognition. Though no venture is assured, those and other factors could lead to rapid scale-up.

CCG is described as focusing on turning unrecyclable commercial and industrial plastic waste into marketable synthetic graphite, graphene and hydrogen gas commodities, thereby simultaneously reducing landfill waste.

Roughly two years old, the development-stage "emerging growth" company has thus far produced limited revenue and no quarterly net profit. And, the company acknowledges in its filing that other companies have strategies similar to its own.

That said, CCG asserts, in part, "Working cooperatively with university and industry partners, we plan to implement new industrial processes that selectively break carbon-hydrogen bonds in plastics waste using inexpensive, environmentally friendly iron-based catalysts to yield high purity hydrogen and high value carbons. Using these proven proprietary technologies, collected plastic waste material can be upcycled to high value products such as hydrogen gas, carbon black, graphite, graphene and carbon nanotubes."

According to a note in the filing, the principal products the company intends to market include:

  • amorphous carbon, graphite, nano-graphite, graphene, carbon nanotubes, and hydrogen; and
  • carbon-negative building products that help alleviate climate change by capturing carbon dioxide (CO2) for renewable energy projects.

CCG's process and products are described neatly on the company's website.

The CCG board's Secretary and chairman is Washington-based Lloyd Spencer, 67, who is reported as director, president and CEO of CarbonMeta and secretary and director of Deep Green Waste & Recycling.

Doherty is to be joined here by Mike Feffer, a corporate finance exec who is expected to relocate from California, where he was a founding partner of Horizon Technology LLC. Feffer's credentials are in the S-1.

Chief Marketing Officer and VP-Sales Mike Christenberry is also now based in the Murfreesboro area.

In 2022, the CCG business was established as "CarbonMeta Green Building Materials LLC" in furtherance of a joint venture between CarbonMeta Technologies Inc. (OTC PINK:COWI) and Salvum Corporation.

Last year, the parties to the abovementioned JV opted to "spin-off" the JV's distribution shares as a dividend to shareholders of-record.

CCG adopted its current name effective July 28, 2023, coincident with its filing for incorporation in Wyoming. CCG registered in Tennessee effective Aug. 23, 2023.

VNC research indicates the company is advised by attorney Jay Jackson with Mitchell & Mitchell in Murfreesboro and a lawyer with Newlan Law Firm PLLC, Flower Mound, Texas.

It also draws on CPA Michael Studer of Freeport, N.Y., and its banking is with the Bank of America branch in Murfreesboro.

According to the S-1, in July 2023, the company also entered a one-year agreement with Eden Capital LLC [of Seaside Heights, N.J.] "to provide the company (a) provide the Company with corporate consulting services on a best efforts basis in connection with mergers and acquisitions, corporate finance, corporate finance relations, introductions to other financial relations companies and other financial services; (b) use its best efforts to locate and identify to the Company private and/or public companies for potential merger with or acquisition by the Company; and (c) use its best efforts to introduce the Company to various securities dealers, investment advisors, analysts, funding sources and other members of the financial community with whom it has established relationships, and generally assist the Company in its efforts to enhance its visibility in the financial community."

In its SEC filing, the company emphasizes it seeks growth and is not operating as a "blank check" company. VNC

. last edited 1105 15 February 2024

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Tags: Bank of America, Bob Doherty, carbon capture, Carbon Conversion Group, CarbonMeta Technologies, Eden Capital, energy, graphene, graphite, Horizon Technology, hydrogen, Jay Jackson, Lloyd Spencer, Michael Studer, Mike Christenberry, Mike Feffer, Mitchell Mitchell, nanotubes, Newlan Law Firm, plastic, recycling, Salvum Corporation

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