CarbonMeta Technologies plans to produce carbon nanotubes from collected and captured plastic waste material.
In 2021, this company began investigating emerging technologies, strategic intellectual property partnerships and sustainable growth commercial opportunities related to the production of hydrogen and high-value carbon products from organic waste streams.
Working in cooperation with Oxford University Innovation, CarbonMeta plans to deploy proven and patented technologies to add value to organic waste streams.
Using these proven patented technologies, collected and captured plastic waste material can be recycled and converted into high-value products such as carbon nanotubes (CNTs) and hydrogen gas.
CNTs can be used to improve electrical conduction and reinforcement materials used in a wide variety of industries, including automotive, aviation, medical and construction.
The main growth driver is the increasing need for high-performance batteries for the electric vehicle market.
In particular, CNTs have high tensile strength and outstanding thermal conductivity.
Carbon nanotubes
Plastic waste is a cheap and abundant feedstock that will allow the company to scale quickly and produce hydrogen gas at a competitive price.
In addition, CarbonMeta refers that the carbon nanotubes market will predictably grow from $876 million in 2021 to $1.7 billion in 2026, although some market estimates are even higher.
Market demand is being driven by the use of carbon nanotubes in protective coatings, lithium-ion batteries, cell phones and computing devices.
CarbonMeta is developing a technology that uses microwave catalysis to heat waste plastics and bio-waste in the absence of oxygen to produce hydrogen and solid carbon without generating CO2.
The technology, developed by Oxford University, is scalable and modular, and has the potential to process millions of tons of plastic worldwide.
The company plans to achieve this scale through partnerships and joint venture partnerships with global energy companies, waste management companies and waste remediation companies worldwide.
