The purpose the project is to demonstrate the effectiveness of Mantra’s CCR technology in converting waste CO2 into valuable formic acid alongside KC Cottrell’s unique CO2 capture facility at KOSPO’s coal fired power plant in Korea.
According to Mantra, the project is expected to advance Mantra’s CCR technology in applications and to secure further applications of CCR in the Republic of Korea.
After the completion of the project, Mantra expects the implementation of its technology in Korea for disposing of waste CO2.
Larry Kristof, CEO of Mantra Venture Group CEO Larry Kristof said that this agreement represents a leap forward for the reduction of CO2 from industry sources using Mantra’s technology, which will serve as an important next step towards commercialization and recognition of CO2 as a valuable feedstock for green chemicals and fuels.
Korea Southern Power CEO Nam Ho Ki said that the agreement on the ERC technology to produce formic acid represents a technology to solve the problem with the global warming caused by CO2 emissions.
