Industrial Consultancy & Sponsored Research (IC&SR) , IIT Madras
Category- Green Technology
Industry Classification:
Applications:
Carbon Capture; formic acid can be used for leather tanning, animal feed preservative, cleaning agents etc.
Market Drivers:
The global Carbon Capture, Utilization, and Storage market size is projected to grow from USD 3.1 Billion in 2022 to USD 12.9 Billion by 2030 with a CAGR of 24 %
Prof. Aravind Kumar Chandiran
Department of Chemical Engineering
Prof. Raghuram Chetty
Department of Chemical Engineering
TRL 5
Technology Validated in Relevant Environment