Keep Mantra Venture Group (MVTG.OB) on Radar!
Source: http://Blog.QualityStocks.net/?p=15081Posted on Tuesday, April 14th, 2009 | In Market Commentary, Small & Micro Cap
Mantra Venture Group Ltd. is a diversified Green Tech company focused on becoming a world-leader in the development of commercially viable sustainable technologies by minimizing the impact of human activity of our climate, environment and health. The company aims to bridge the gap between innovation and investment by identifying and incubating clean tech innovations and renewable energy solutions.
Mantra retains 100% outright ownership of a chemical processing technology developed by the University of British Columbia’s Clean Energy Research Center, entitled the Electroreduction of Carbon Dioxide (ERC). Powered by electricity, this technology combines captured carbon dioxide with water to create high value materials that are conventionally obtained from the thermochemical processing of fossil fuels.
In October of last year, the company completed its first ERC prototype, capable of processing 1 Kg of CO2 per day. Mantra’s first commercial scale reactor is anticipated to reach completion by Q2 2010, and will be capable of processing 1 ton of CO2 per day. Once the reactor is built, the company will begin developing a reactor capable of processing 100 tons of CO2 per day.
Several key players within identified target markets have been in discussions with Mantra. The company is currently in the process of finalizing Partnership Agreements with a host of international corporations, which should lead to increased capital resources to accelerate development and optimization of the commercial scale ERC reactor. The company is looking to finalize the first set of agreements by the end of next month.
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