Novomer Inc., a sustainable chemistry company based in Ithaca, NY has received $18,417,989 from the Department of Energy to develop a commercial scale process for converting waste carbon dioxide into recyclable plastics. Funding was awarded to six companies through the American Recovery and Reinvestment act in an effort to create economically favorable carbon capture and storage methods. In total the DOE granted $156 million to the six companies whose carbon applications included fertilizers, fuels, cement and building materials. Novomer's technology can also be applied to carbon monoxide for commercial applications ranging from diapers to paints.
For more information on Novomer Inc. visit http://www.novomer.com