Mantra Venture Group, through their sustainable energy, carbon reduction, and consumer product subsidiaries, conducts their business in the green technology marketplace. They trade on the OTCBB with corporate headquarters in Seattle, Washington, and Vancouver, British Columbia. They facilitate investment in sustainable, commercially viable technologies. The company works to connect investors with innovative technologies that offer opportunities to meet today’s global environmental challenges.
With a primarily financial role, Mantra Venture Group’s focus is to provide investors with an opportunity to invest in renewable, sustainable, green, and low-carbon impact technologies. They also focus on providing their subsidiary companies with corporate oversight and guidance, as well as fulfilling their responsibility to engage the community through education.
The company has the intellectual property (patent application) for an alternative to carbon capture and storage. This is for the CO2 Converter, a process that converts carbon dioxide into a fuel. Mantra also has an exclusive option to Signal Smoothing. This technology can convert power from variable sources such as wind and solar into grid standard. Mantra also continues to investigate opportunities in cellulosic ethanol, biogas from biomass, and clean-coal technology.
Examples of technologies and projects that the company is currently developing and investigating through their subsidiaries are CO2 capture, sequestration, and underground injection. They are also working on evaluations of the marketplace for carbon reduction vendors. In addition, the company is looking for opportunities to increase power efficiencies as well as opportunities in wind, ocean, and geothermal power. The company is involving themselves in, or investigating opportunities in, biomass gasification, fuel cell technology commercialization, clean coal technologies, and residential/commercial/industrial energy efficiency as well as low carbon transportation alternatives.
In mid-July, Mantra Venture Group Ltd. announced that they have established Mantra NextGen Power Inc. (NextGen). NextGen’s focus is to develop renewable fuels and the solar electricity for specialty applications. Mantra is conducting due diligence on selected patented processes for the production of ethanol from non-food cellulosic feedstocks. NextGen is currently in negotiations with a company that has developed a technology for the production of ethanol from wood or agricultural wastes. This new ethanol production method will convert agricultural and forestry waste into a clean-burning ethanol fuel. NextGen is also conducting due diligence on several solar photovoltaic (electrical) applications.
Yesterday, the company provided an update on the progress of their ERC (electro-reduction of carbon dioxide) technology at their laboratory. So far, the preliminary process flow diagram has received review and updating and material compatible for the project has undergone review. In addition, they have selected and ordered major components and received electrochemical cells from the University of British Columbia. These cells are undergoing refurbishing for the project. Additionally, Mantra has completed a one-year research and development schedule, and assembly of their test rig is currently happening.
The ERC process takes carbon dioxide and water, combined with electricity, to produce fuels and chemicals such as formic acid, formates, and oxygen. Larry Kristof, Mantra’s C.E.O., commented, “The ERC test station is scheduled to be assembled by September 19, 2008 and online by September 30, 2008. Mantra is very excited to push this technology through to the marketplace. Implementation of this technology will have a significant impact on our current climate change crisis.”
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