Published on January 16, 2014 um 16:11
Name of Enterprise
Type of Enterprise
Enterprise has a positive impact on
Year the enterprise was founded
Summary of your enterprise
Damascus Fortune has patented technology that transforms harmful carbon emissions into carbon Nanotubes - one of the strongest material known to man. Our equipment is installed on factory chimneys in order to capture the waste carbon gas and convert it into usable carbon nanomaterials. The technology has made carbon sequestering profitable and sets a new precedent for reducing carbon emissions. The patented technology will change the dynamics of climate change globally as it creates a mad rush for emissions to convert them into useful products.
Impact of your enterprise on sustainable development
Damascus Fortune is the first Indian nanotech company to be in Forbes 30 Under 30. Damascus Fortune has also been covered in MIT Technology Review. The process has been verified by National Research Development Corp. of the Govt. of India We are currently scaling up our production to cater to larger demands on the carbon nanomaterial market. The technology converts carbon emissions from automotives and industrial plants such as rice mills, power plants and petrochemicals to produce carbon nanotubes and carbon nanofibers, which are used for composites, nano-electronics, optics, energy storage and many other science applications.
Sustainability and future plans
Damascus Fortune aims to install this technology in almost all flue gas emitting industrial plants and automobiles in India, Singapore, China, EU, UK and USA to reduce global warming in a large scale. Vivek and his team of 15 engineering students are working on further developing the technology, lowering the cost of production, and finding new applications that will help reduce climate change. Damascus Fortune aims to install this technology in almost all flue gas emitting industrial plants and automobiles in India, Singapore, China, EU, UK and USA to reduce global warming in a large scale.
Your profile as an entrepreneur
Vivek Nair, 23, Singapore, founded Damascus Fortune.