National Award 2021 From Technology Development Board (TDB):
A Bangalore-based startup has received the National Award 2021 from the Technology Development Board (TDB) for developing a commercial solution for the conversion of carbon dioxide (CO2) to chemicals and fuels.
- The startup has received funding under the Nano Mission.
- The startup developed efficient catalysts and methodologies for the conversion of carbon dioxide (CO2) to methanol and other chemicals.
- It has led to the improvisation of process engineering to enhance the production of chemicals and fuels from anthropogenic CO2 generated from various sources including coal and natural gas power generation sectors, steel industry, cement industry, and chemical industries.
- It has integrated multiple components involved in the CCUS (Carbon Capture, Utilization, and Sequestration) to develop a complete solution for the environmental issues due to global warming.
- The Recycling Carbon Technology will be transferred to Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), an autonomous institute of the Department of Science and Technology.
Carbon Capture, Utilization, and Sequestration (CCUS):
- It is a process that captures carbon dioxide emissions from sources like coal-fired power plants and either reuses or stores it so it will not enter the atmosphere.
- Carbon dioxide storage in geologic formations includes oil and gas reservoirs, unmineable coal seams, and deep saline reservoirs – structures that have stored crude oil, natural gas, brine, and carbon dioxide over millions of years.