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U.S. industry produces an estimated 147 terragrams of CO2 equivalent per year and carbon credits currently trade at values of up to $40 USD.
In using renewable energy, Mantras Electroreduction of Carbon Dioxide (ERC) technology combines captured CO2 with water to produce high value materials, including: formic acid, formate salts, oxalic acid, and methanol.
In addition, companies adopting ERC stand to make significant profit from its by-products. Formic acid, for example, currently sells for approx. $1,200/ton.
Mantra successfully completed a prototype capable of processing 1 Kg of CO2 per day in Oct. 2008, and its first commercial scale reactor is schedule for completion by Q2 2010.
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In 2004, the EPA listed 63 hardrock mining Superfund sites with a combined estimated cleanup costs of $7.8 Billion- representing only a fraction of the global market demand. Although an estimated $1 Million/day is spent on acid mine drainage remediation, these efforts have been largely inadequate due to the ineffectiveness of current technologies.
Mantras Biometals Recovery System (BRS) is a biological-based water treatment system that relies on an ultra-efficient biological reaction, combined with product upgrading and energy recovery to provide a major economic advantage over competing technologies.
In addition, a secondary market for Mantras BRS technology is Heap Leaching Metal Recovery- a lucrative industry worth approx. $12 Billion USD.
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