CarbonMeta Technologies, Inc. and Fermion Electric Private Limited Signs Memorandum of Understanding to Create A Subsidiary Corporation Called CarbonMeta Research India
April 13, 2023 at 02:49 pm
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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.
CarbonMeta Technologies, Inc. is a research and development company. The Company is engaged in developing technologies related to remediation of organic wastes that can generate economically sustainable hydrogen, high-value carbon, and construction industry products. It offers Carbon Nanotubes, which is a black-clustered powder that is used as an additive in various materials. The Companyâs wholly owned subsidiaries include CoroWare Technologies, Inc. (CTI), CoroWare Robotics Solutions, Inc. (CRS), Robotic Workspace Technologies, Inc. (RWT), Carbon Source, Inc. (CS), CoroWare Treasury, Inc. (CWT), and CarbonMeta Research Ltd. (CMR). CSâs principal business is waste reclamation technologies and processing. CMR is focused on the development of technologies and solutions for processing organic wastes and generating sustainable hydrogen and high-value carbon products. CWT is engaged in acquiring technologies and subsidiary businesses related to waste processing.
CarbonMeta Technologies, Inc. and Fermion Electric Private Limited Signs Memorandum of Understanding to Create A Subsidiary Corporation Called CarbonMeta Research India