Published by Todd Bush on April 6, 2023
Fort Collins, Colorado, March 30, 2023 (GLOBE NEWSWIRE) -- Fort Collins, CO- New Iridium, a client company in Innosphere Ventures REACH Energy Accelerator, has been selected for a short feature film by RE:TV, a branch of Sustainable Markets Initiative founded by King Charles III.
>> In Other News: Humble Midstream to Facilitate Enbridge–Yara Joint Development Project by Exiting Ingleside Low-Carbon Ammonia Project
The Sustainable Market Initiative was launched by the former Prince of Wales at The World Economic Forum 2020 Annual Meeting in Davos with the mission to build a coordinated global effort to accelerate the private sector transition to a sustainable future.
"We are honored to have our technology showcased by RE:TV." said Dr. Chern-Hooi Lim, New Iridium founder and CEO. "The chemical industry is the third largest emitter of CO2, behind only cement and steel, and our solutions provide a viable pathway for decarbonization."
New Iridium’s mission is to decarbonize the chemical industry by utilizing CO2 to create value-added products and reducing carbon emissions through highly efficient chemical manufacturing.
“The chemicals industry generates trillions of dollars of revenue globally, producing a wide range of products from packaging and paint to food and pharmaceuticals. However, many of the manufacturing processes involved rely on high temperatures making the industry a significant contributor to greenhouse gas emissions,” said Dr Chern-Hooi Lim.
New Iridium aims to reduce the sector’s CO2 impact using next-generation technology powered by light to produce low-carbon and lower-cost versions of existing commodity chemicals - often consuming more CO2 than the process emits. Taking inspiration from the natural process of photosynthesis and powered by renewable electricity, New Iridium's technology could eliminate millions of tons of carbon emissions from chemical manufacturing.
View the segment here.
New Iridium has also been selected as one of 40 presenters for the 2023 NREL Industry Growth Forum, chosen from applicants from across the globe. The forum represents a one-of-a-kind opportunity in the cleantech space and is known as the premier event for cleantech entrepreneurs and investors.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🚌 Ballard Announces Orders for 70 Hydrogen Fuel Cell Engines for Delivery to Wrightbus in 2024 🏭 FuelPositive Announces Completion of Factory Acceptance Testing and Shipping of F...
Inside this Issue ⛽ Air Products Receives Funding to Build Two Large-Scale Hydrogen Refueling Stations in the Region of North-Rhine Westphalia Nordrhein Westfalen ✍️ VINCI Signs a Strategic Partne...
Inside this Issue 🏢 Targray’s New Headquarters Showcases Commitment to Sustainability, Growth and Collaboration 🏭 Johnson Matthey and bp's Technology Picked for Record-Breaking SAF Plant 🚚 First C...
Lummus Expands R&D Capabilities to Enhance Innovation and Water and Wastewater Technologies
_Zimpro technologies help customers make their operations more sustainable and comply with environmental regulations and standards_ HOUSTON, April 17, 2024 /PRNewswire/ -- [Lummus Technology](ht...
EverWind Praises Federal Government’s Clean Energy Leadership
**Budget 2024 builds on Canada’s robust and effective response to the U.S. Inflation Reduction Act** April 16, 2024 18:30 ET| Source: [EverWind Fuels](https://www.globenewswire.com/en/search/org...
Feintool Wins Important Contract in Europe’s Hydrogen Industry
**The company is tasked with the production of high-precision metal components for fuel cells and electrolyzers. This successfully marks** [**Feintool**](https://feintool.com)**’s entry into the Eu...
KBR Green Ammonia Technology Selected for Fortescue's Project in Norway
HOUSTON, April 17, 2024 /PRNewswire/ -- [KBR](https://www.kbr.com) (NYSE: [KBR](https://www.prnewswire.com/news-releases/kbr-green-ammonia-technology-selected-for-fortescues-project-in-norway-30211...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.