- Product: to launch the ERC product in industry demonstrations: Lafarge Project
- Development: to continue to further improve the ERC system. New IP patents are expected in upstream and downstream technology thru carbon capture (front end) and product concentration (back end). This will complete the system so that it is ready for commercialization.
- Preliminary research will be conducted to find the next product beyond formic acid: we will develop a range of chemicals and fuels. The targets chosen will all be high value and access very large markets
- The team: organization development is planned; additional team members will be added to enable the Company’s rapid growth
- Partnerships with major companies and collaborations with universities and research institutions will be arranged
- Financing: Mantra Energy Alternatives Ltd. will seek major funding to cover the next 2 years of operations.
Longer term objectives:
The initial on-site ERC (electro reduction of carbon dioxide) demonstration units will be followed by larger demonstration projects, full scale commercial plants, and expansion of the core ERC technology into products beyond formic acid. Some of the developments planned are designed to create new markets, many of them in the hundreds of Billions of dollars; whole new industries are expected to grow around the more ambitious applications like plastics precursor chemicals and carbon negative fuels.