MVTG Longer term objectives:
The initial on-site ERC (electro reduction of carbon dioxide) demonstration units will be followed by larger demonstration projects, full scale commercial plants, and expansion of the core ERC technology into products beyond formic acid. Some of the developments planned are designed to create new markets, many of them in the hundreds of Billions of dollars; whole new industries are expected to grow around the more ambitious applications like plastics precursor chemicals and carbon negative fuels.
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