MOSCOW (MRC) -- Braskem (Sao Paulo) has partnered with startup firm New Iridium (Boulder, Colorado) to develop technologies for the photocatalytic conversion of industrial CO2 emissions to chemical products, said the company.
The partnership marks New Iridium’s first efforts in the commodities sector, Braskem said in a press release on April 13.
Braskem said the first phase of the collaboration, which is focused on proofs of concept, has already begun. Subsequent phases will involve scaling and industrialization.
"The project is an excellent fit with Braskem's innovation portfolio for more sustainable solutions in which promising technologies such as photocatalysis can play a lead role in CO2 conversion," said Gus Hutras, global process technology director at Braskem. "This partnership holds great potential thanks to the combination of Braskem's expertise in industrial processes and commodity markets with New Iridium's capacity and knowledge in the state-of-the-art technology of photocatalysis."
We remind, Brazil’s mines and energy ministry (MME) has requested that federal oil firm Petrobras halt the sale of assets for 90 days starting March 1. The request was made due to the reassessment of the national energy policy and the establishment of a new composition of the national energy policy council (CNPE), which is part of the ministry.