On April 8, 2023, CarbonMeta Technologies, Inc. and Fermion Electric Private Limited signed a Memorandum of Understanding (MOU) to create a subsidiary corporation called CarbonMeta Research India as a Private Limited Company that shall be jointly owned and managed by the Company and Fermion, and whose initial objective shall be processing natural gas into hydrogen and high value carbon products. Under the terms of the MOU: CarbonMeta Research India will be a Private Limited Company in Kerala, India with initial equity ownership as follows: 80% of the equity will be owned by CarbonMeta Technologies, Inc. 20% of the Equity will be owned by Fermion Electric Private Limited. CarbonMeta Research India will be an research and development center whose focus will be on: microwave catalysis of waste plastics, natural gas, and other organic waste materials; Carbon dioxide (CO2) capture technologies using novel technologies and adsorbents; Development of new catalysts for catalysis, pyrolysis, and electrolysis; and Commercialize and patent technologies that were developed and licensed by CarbonMeta Technologies, Inc., or its subsidiaries.