Environmental Material Sciences is a Foresight 50 2023 Honouree
Soil Insights for a Better World
The EMS value chain links soil sensors to timely, evidence-based, decision support systems to restore, reclaim, and improve soil and water ecosystems. Our sensors and remediation systems provide a solar-powered means to remediate polluted soil using local groundwater. Our soils need cleaning. The global remediation total addressable market is estimated at $171B worldwide with a serviceable addressable market (SAM) of $6.8B/year. EMS has consistently grown revenue since our 2019 inception, and this year our revenue growth is projected to be 50 per cent with a path to a positive EBITA. Our revenue will grow by 100 per cent in the next three years while maintaining a 70 per cent gross margin.
Our current customer list includes a variety of upstream and downstream operators in the oil and gas market, notable names here include Suncor, Transgas, Plains Midstream, FCL, and a host of others. Since 2020, EMS’s customers have reduced emissions by 2.8 Mt CO2-equivalents, water use by 4.4 M m33, and diverted 400,000 m3 of aggregates from the landfill, while reducing their costs by $2,798,205. Our existing technology addresses needs in adjacent markets such as methane mitigation and soil productivity, but our revenue generation teams are squarely focused on expanding our sales from our strong Canadian base to the US and Asian markets for oil and gas.
EMS provides a clearly differentiated product by combining robust sensor technology with geographical artificial intelligence decision support systems. Our seed round raise of $1.6M allowed EMS to grow its sales pipeline by $5.6M in 2023. A second capital raise will ensure that EMS emerges as a market leader and captures a sizable share of the $8.9B/year SAM.
Why our venture should be considered one of Canada’s 50 most investable cleantech companies
Based on over 20 years of scientific research, our technology has transitioned from pilot scale to full commercial deployment in some of Canada’s harshest environments over the last four years. EMS expanded its sales staff and began a marketing push based on this success. We are now looking for investors interested in helping us scale our sales and operations so that every oil and gas operator in the world can begin using our unique blend of sensors and remediation technology.