Sunday, March 01, 2015 7:04:42 PM
Recent MVTG news I missed last week :( but here it is, China and Canada and MVTG!!!
http://economists-pick-research.hktdc.com/business-news/article/Research-Articles/Canadian-Technology-The-Hong-Kong-Bridgehead-into-Asia/rp/en/1/1X000000/1X0A1778.htm
Despite the controversy over the promotion of pollution controls rather than prevention in many existing green regulations and standards, reducing the level of greenhouse gas (GHG) emissions is a core element in many of the efforts to achieve many mandatory or voluntary green objectives. The push to reduce GHG footprints varies by country and industry, but all present major challenges for governments and manufacturers.
As a booming base for low-cost production, manufacturing has been growing rapidly in many parts of Asia – and so, too, have the relevant green manufacturing legislation and pollution reduction targets. On 24 April 2014, for example, China, as one of the world's largest GHG emitters, passed the first amendments to its environmental protection law in 25 years. The revised Environmental Protection Law took effect on 1 January 2015, and established tougher rules and harsher punishments for polluters. The new law also empowers the Ministry of Environmental Protection to order enterprises that discharge pollutants in excess of standards and a specified gross volume to limit or suspend production until the situation has been rectified.
Against this backdrop, many Asian manufacturers therefore have a greater incentive to look for ways to reduce their GHG emissions and avoid mandatory green levies, such as carbon taxes and pollutant discharge fees. For some more proactive entrepreneurs, though, innovative solutions that can actually recycle the emissions for other manufacturing processes are ultimately a better option when it comes to advancing their green agenda.
The Mantra Venture Group, a Vancouver-based clean technology incubator, is a pioneer in innovative emerging technologies and is now attempting to commercialise them across Asia. Through its subsidiary, Mantra Energy Alternatives, the company is currently developing two groundbreaking electro-chemical technologies, both designed to make the reduction of GHG emissions profitable – electro-reduction of carbon dioxide (ERC) and mixed-reactant fuel cell (MRFC).
Picture: The ERC and MRFC processesThe ERC and MRFC processes are two groundbreaking electro-chemical technologies designed to make reducing GHG emissions profitable.
Source: Mantra Venture Group
Both are patented process technologies through which GHGs and dangerous industrial pollutants can be converted into valuable industrial chemicals. In short, ERC is a “carbon capture and utilisation” (CCU) technology that converts carbon dioxide into useful, valuable products including formic acid and formate salts. MRFC is an unconventional, cheaper, lighter and more compact fuel cell that uses a mixture of fuel and oxidant, thereby greatly reducing the complexity and cost of the fuel cell system.
To develop and market Mantra’s technologies and services throughout Asia and capitalise on China’s massive advances in the field of clean technologies and electric vehicles and equipment, the Mantra Venture Group formed a joint venture - Mantra China Ltd - with two Hong Kong-based partners, Green China Developments Ltd and Gateview Group Ltd. This saw it establish a 51%-owned subsidiary in Hong Kong in early 2014.
According to Larry Kristof, President and CEO of the Mantra Venture Group, Mantra China Ltd is the vehicle with which the group will establish a strong brand presence in Asia, identify new markets for Mantra’s products and build strategic alliances with technology developers, manufacturers and investors. Operating out of the Phase 3 development of the 22-hectare, Hong Kong Science & Technology Park, a specialist hub for the clean technologies sector, Mantra sees Hong Kong the ideal entry point to the East Asian markets. In particular, Mantra aims to capitalise on the concentration of entrepreneurs and industrialists in Hong Kong in order to look for suitable industries or investors to begin pilot operations and demonstrations on the Chinese mainland.
To better tailor their technologies and services to the needs of Chinese firms, the group has also been seeking collaborative opportunities with a number of academic groups, such as the Hong Kong University of Science and Technology and City University of Hong Kong. Aside from technology transfer, the group’s new business venture in Hong Kong also aims to establish Mantra as the North American distributor of the innovative green technologies developed and produced in Asia. Benefitting from the city’s vibrant trade with the Chinese mainland and its reliable intellectual property (IP) protection and licensing infrastructure, the group’s Hong Kong office is already in negotiations with a mainland producer of solar-powered LED products in order to acquire the exclusive North American distribution rights.
- See more at: http://economists-pick-research.hktdc.com/business-news/article/Research-Articles/Canadian-Technology-The-Hong-Kong-Bridgehead-into-Asia/rp/en/1/1X000000/1X0A1778.htm#sthash.6CtkmdAd.dpuf
http://economists-pick-research.hktdc.com/business-news/article/Research-Articles/Canadian-Technology-The-Hong-Kong-Bridgehead-into-Asia/rp/en/1/1X000000/1X0A1778.htm
Despite the controversy over the promotion of pollution controls rather than prevention in many existing green regulations and standards, reducing the level of greenhouse gas (GHG) emissions is a core element in many of the efforts to achieve many mandatory or voluntary green objectives. The push to reduce GHG footprints varies by country and industry, but all present major challenges for governments and manufacturers.
As a booming base for low-cost production, manufacturing has been growing rapidly in many parts of Asia – and so, too, have the relevant green manufacturing legislation and pollution reduction targets. On 24 April 2014, for example, China, as one of the world's largest GHG emitters, passed the first amendments to its environmental protection law in 25 years. The revised Environmental Protection Law took effect on 1 January 2015, and established tougher rules and harsher punishments for polluters. The new law also empowers the Ministry of Environmental Protection to order enterprises that discharge pollutants in excess of standards and a specified gross volume to limit or suspend production until the situation has been rectified.
Against this backdrop, many Asian manufacturers therefore have a greater incentive to look for ways to reduce their GHG emissions and avoid mandatory green levies, such as carbon taxes and pollutant discharge fees. For some more proactive entrepreneurs, though, innovative solutions that can actually recycle the emissions for other manufacturing processes are ultimately a better option when it comes to advancing their green agenda.
The Mantra Venture Group, a Vancouver-based clean technology incubator, is a pioneer in innovative emerging technologies and is now attempting to commercialise them across Asia. Through its subsidiary, Mantra Energy Alternatives, the company is currently developing two groundbreaking electro-chemical technologies, both designed to make the reduction of GHG emissions profitable – electro-reduction of carbon dioxide (ERC) and mixed-reactant fuel cell (MRFC).
Picture: The ERC and MRFC processesThe ERC and MRFC processes are two groundbreaking electro-chemical technologies designed to make reducing GHG emissions profitable.
Source: Mantra Venture Group
Both are patented process technologies through which GHGs and dangerous industrial pollutants can be converted into valuable industrial chemicals. In short, ERC is a “carbon capture and utilisation” (CCU) technology that converts carbon dioxide into useful, valuable products including formic acid and formate salts. MRFC is an unconventional, cheaper, lighter and more compact fuel cell that uses a mixture of fuel and oxidant, thereby greatly reducing the complexity and cost of the fuel cell system.
To develop and market Mantra’s technologies and services throughout Asia and capitalise on China’s massive advances in the field of clean technologies and electric vehicles and equipment, the Mantra Venture Group formed a joint venture - Mantra China Ltd - with two Hong Kong-based partners, Green China Developments Ltd and Gateview Group Ltd. This saw it establish a 51%-owned subsidiary in Hong Kong in early 2014.
According to Larry Kristof, President and CEO of the Mantra Venture Group, Mantra China Ltd is the vehicle with which the group will establish a strong brand presence in Asia, identify new markets for Mantra’s products and build strategic alliances with technology developers, manufacturers and investors. Operating out of the Phase 3 development of the 22-hectare, Hong Kong Science & Technology Park, a specialist hub for the clean technologies sector, Mantra sees Hong Kong the ideal entry point to the East Asian markets. In particular, Mantra aims to capitalise on the concentration of entrepreneurs and industrialists in Hong Kong in order to look for suitable industries or investors to begin pilot operations and demonstrations on the Chinese mainland.
To better tailor their technologies and services to the needs of Chinese firms, the group has also been seeking collaborative opportunities with a number of academic groups, such as the Hong Kong University of Science and Technology and City University of Hong Kong. Aside from technology transfer, the group’s new business venture in Hong Kong also aims to establish Mantra as the North American distributor of the innovative green technologies developed and produced in Asia. Benefitting from the city’s vibrant trade with the Chinese mainland and its reliable intellectual property (IP) protection and licensing infrastructure, the group’s Hong Kong office is already in negotiations with a mainland producer of solar-powered LED products in order to acquire the exclusive North American distribution rights.
- See more at: http://economists-pick-research.hktdc.com/business-news/article/Research-Articles/Canadian-Technology-The-Hong-Kong-Bridgehead-into-Asia/rp/en/1/1X000000/1X0A1778.htm#sthash.6CtkmdAd.dpuf
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