Startup firm bets on new tech to cut carbon emissions
As the global drive towards cutting down carbon emissions gather’s steam innovative solutions have been touted as a sure way of accelerating the fight against pollution. Ali Mourad, Chief Business Officer, Novocycle Technologies spoke to CNBC Africa for more.
Wed, 30 Oct 2024 15:40:56 GMT
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AI Generated Summary
- Novocycle Technologies is seeking investors and partners to support their innovative decentralized model for recycling batteries and cutting CO2 emissions from transportation.
- The company boasts the highest material recovery rate, purity rate, and reintegration of materials in battery production, reducing the reliance on virgin materials and further lowering CO2 impact.
- Collaboration and innovation are essential to redesigning the battery production and recycling processes to meet sustainability goals and reduce the demand for critical raw materials.
Novocycle Technologies, a startup firm, is making waves in the fight against carbon emissions with its innovative solutions aimed at reducing pollution. Ali Mourad, the Chief Business Officer of Novocycle Technologies, spoke to CNBC Africa about the company's mission to revolutionize the battery supply chain and significantly cut down CO2 emissions. The firm is currently in the fundraising phase, seeking investors and partners to support the development of Novocycle facilities across the UAE, Europe, Africa, and globally. The company has adopted a decentralized model, allowing them to bring their cutting-edge recycling solutions directly to the stock feed, thereby reducing CO2 emissions from transportation. With a focus on the extraction of raw materials, battery production, recycling of end-of-life batteries, and transportation, Novocycle Technologies is leading the way in sustainability and environmental impact reduction.
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