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Mantra Venture Group Ltd. Message Board

  • lone_ranger_of_stocks lone_ranger_of_stocks Mar 25, 2014 10:15 AM Flag

    MVTG's Pilot Plant for Electrochemical Reduction of Carbon First of Its Kind in the World

    MVTG has officially entered into a contract with NORAM Engineering to deploy a pilot plant for the electrochemical reduction of carbon dioxide (ERC). The project will culminate in construction and commissioning at the Lafarge cement plant in Richmond, B.C.

    The ERC process converts carbon dioxide, the most prolific greenhouse gas, into useful chemicals such as (among others) formic acid and formate salts. The pilot plant will convert 100 kilograms per day of the carbon dioxide emitted from the Lafarge plant into concentrated formate salts, which are valuable products that sell for around $1,500 per tonne. Mantra anticipates future plant expansion that will see the production of formic acid and other products as well.

    NORAM is a great partner for MVTG. In addition to carrying out large assignments for major multi-national clients and municipalities, NORAM works with early-stage technology companies. They will provide MVTG with engineering design and fabrication support.

    Lafarge is also a fantastic partner/ customer for MVTG. Lafarge is a French industrial company specializing in four major products: cement, construction aggregates, concrete and gypsum wallboard. The company is the world's largest cement manufacturer with 161 plants in 58 countries. Lafarge is also at the top of the world's worst carbon polluters and definitely needs MVTG's ERC technology. Deploying ERC plants at Lafarge facilities is going to provide huge revenue for MVTG...

    Sentiment: Strong Buy

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