MVTG in a nut shell, has a recently patented electrochemical reactor, called ERC, that converts the green house gas air pollutant, that is causing global warming and that is blamed for climate change, CO2, carbon dioxide, into a liquid commecial chemical product called formic acid, that sells for $1,500/ton, and can be used in the second patented invention that MVTG is comercializing which is a new generation of low cost fuel cell that runs on formic acid!
MVTG has a JV deal with the billion dollar cement manufacturer (who has a CO2 exhaust problem, like all cement manufacturers) called LaFarge, to build the first pilot plant for the ERC. The Lafarge MVTG ERC pilot plant is funded and is expected to be built and operating this year.
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