STAX Engineering, Inc.

Overview

STAX Engineering, Inc. is a pioneering company in maritime emissions capture and control, specializing in reducing air pollution from ships while in port. Founded in early 2024, the company is headquartered in Long Beach, California. The company provides innovative solutions for controlling emissions from container ships, auto carriers, and tankers at major ports in California. Led by CEO Mike Walker, STAX has raised $40 million in funding to expand its operations and technological advancements.

Recent Developments

August 2024: STAX Engineering signed a five-year agreement with Equilon Enterprises LLC, known as Shell Oil Products US, to implement emissions capture services at Shell’s Mormon Island Terminal in Los Angeles, aligning with California's new regulations for tanker vessels.
September 2024: The company secured a five-year deal with Toyota North America to provide emissions capture technology at the Port of Long Beach for ro-ro vessels, demonstrating its expansion into auto carriers. The agreement is expected to control approximately 47 tons of emissions over its course.
January 2025 Implementation: As part of its strategic growth, STAX is set to address the California Air Resources Board's (CARB) regulation requirements by 2025, which includes deploying emission control technology across major California ports.
Partnership with Olympus Terminals: STAX signed a significant five-year deal to manage emissions for tankers at the Port of Long Beach, projecting a reduction of approximately 390 tons of emissions.
Funding: In mid-2024, STAX raised $40 million in funding led by Upper90, aimed at expanding their mobile emissions capture technology and meeting the increasing CARB compliance demands.
Strategic Growth: STAX rapidly secured exclusive service agreements at ports including Los Angeles and Oakland, with ambitions to extend their technology to other significant ports across North America.

Attribute	Information
Founding Date	2024
Headquarters	Long Beach, California, USA
Founders	Bob Sharp (CTO), Mike Walker (CEO), Edward Norton (Chief Strategy Officer)
Revenue	Not publicly disclosed
Profits	Not publicly disclosed
Key Investors	Upper90
Industry	Maritime Emissions Control
Number of Employees	Not publicly disclosed

Early History

STAX Engineering was co-founded by industry veterans Bob Sharp, Mike Walker, and Edward Norton, merging engineering ingenuity and strategic business insights. The company's inception in early 2024 was bolstered by substantial funding, focusing on innovation in emissions capture technology specifically designed for compatibility without requiring ship modifications. The company quickly gained recognition, receiving a technology accelerator grant from the California Air Resource Board (CARB), aiding in establishing its technology in several prominent Californian ports by Q1 of its founding year.

Company Profile and Achievements

STAX Engineering operates with a core focus on providing eco-friendly technological solutions in the maritime sector. Its business model revolves around a patented emissions capture and control system aimed at removing emissions from various classes of vessels.

Patent-Protected Technology: STAX's technology is lauded for its capacity to remove 99% of diesel particulate matter and 95% of nitrogen oxides from exhaust gases, setting a high standard for environmental compliance.
Exclusive Partnerships: The company has secured exclusive service agreements with major shipping lines and ports, underpinned by partnerships with prestigious entities like Hyundai Glovis and NYK Line.
Growth Trajectory: Since its launch, STAX has treated vessels cumulatively for thousands of hours, significantly reducing pollutants.
Innovative Offerings: The technology supports terminal operators by providing mobile units on barges that attach directly to vessel exhaust outlets, eliminating the need for costly retrofitting.
Environmental Impact: STAX's operations are aligned with CARB regulations, pushing maritime boundaries toward sustainable shipping practices, with expansive future deployment plans across global ports.

Current Operations and Market Position

Currently, STAX Engineering is actively operational at several critical ports along the Californian coast. It stands as a leader in emissions capture for auto carriers and container ships. With a market-first approach in servicing tankers, STAX holds a competitive advantage, largely due to its diverse portfolio of emissions control partnerships and its rapid scalability in technology deployment. The company's business activities are closely interwoven with environmental compliance regulations, making it a key player in the transition towards reduced maritime emissions and improved air quality standards in North America.

Conclusion

STAX Engineering, Inc. embodies the cutting-edge of maritime emissions capture and control, with a strong foothold in Californian ports. The company stands at the forefront of environmental innovation, delivering solutions that align with stringent emissions standards while supporting the overarching goal to achieve cleaner port dynamics. As maritime regulations tighten globally, STAX Engineering's unique technological offerings and strategic expansions afford it a favorable position in adapting and leading within the industry's shift towards sustainable solutions.