Mantra awarded patent in China for CO2 capture technology
Process produces chemicals such as formic acid, formate salts for sale.
BURNABY, BC — Mantra Energy Alternatives Ltd. has obtained a Chinese patent for a carbon capture technology that would be used in industrial operations to produce chemicals for sale.
The wholly owned subsidiary of Mantra Venture Group Ltd. based in Burnaby, BC said China is the second country to award a patent for its electro-reduction of carbon dioxide (ERC) process. India did so in 2012.
It describes ERC as an electrochemical process that converts carbon dioxide emitted from industrial operations such as cement or power plants into “high-value” chemicals such as formic acid and formate salts.
The process, also in the late stages of patent review in Canada, the US, Europe, Australia, and Japan, would allow an industrial plant to reduce emissions while generating a sellable product.
“Obtaining a patent in China, which is one of ERC’s largest prospective markets, is enormous for us,” says Larry Kristof, Mantra’s CEO. “We plan to take steps to capitalize on this opportunity immediately, especially as this comes on the heels of an announcement by China’s Ministry of Finance that they intend to implement a carbon tax in the next two years.”
Mantra Energy Alternatives is a producer of carbon-negative chemicals and fuels.