Panasonic do it again. After the solar powered ship we wrote about , the company has just announced it had developed an artificial photosynthesis system aiming to convert CO2 into organic materials by using sunlight and a nitride semiconductor. Although there were other such solutions over the past years, this one claims to be much more efficient and simple, on par with plants. Its apparent use is in power plants, incinerators and industrial facilities.
If you are still wandering why companies bother to invent such things and who will buy them, the answer is that for several years now, CO2 emissions have a cost. Before, no one cared about the smoke out of the industrial chimney, but since government put a price on every ton, companies now have a financial yardstick to compare to when formulating their investment plans.
But what if you don’t have a facility under any of the cap-and-trade schemes? Well, carbon is an indirect cost to those companies as well. It is called Green PR and is part of the CSR budgets of many large companies who calculate their footprint and neutralize it via purchasing carbon credits. The less you purchase, the better for your marketing department.
Read the full article on Panasonic’s website. And check out the process on the below picture, courtesy of Panasonic.