The list of potential adopters for ERC is virtually endless. Many industries are made up of large, stationary point sources of waste CO2, including cement, steel, power, and chemicals production. Major players in all of these industries are actively seeking technological solutions to CO2 emissions, as a result of the growing concern surrounding climate change and the corresponding government policies (see such announcements from Lafarge and ArcelorMittal). Mantra’s ERC process is just such a solution.
On top of the cement industry, which will see the deployment of the company’s ERC pilot plant, Mantra is also targeting high-purity sources of CO2, such as biochemical processes including bioethanol and beer production.
Global markets for the chemical products of ERC are large and well established. Mantra’s first two products, formic acid/formate and carbon monoxide/syngas, have an estimated demand of 600 and 30,000 kilotonnes per year, respectively. These correspond to markets of roughly $720 million and $36 billion.