The professionals-turned-entrepreneurs have formed a new company, Damascus Fortune Technologies, to exploit the potential of carbon nanotubes, which is a multi-billion dollar market.
Kumarpal Chopra, chief learning officer, and a director of the company, said that this technology is used in manufacturing composites used for the automotive, aviation, batteries and other industries, which is a market size of $24 billion.
The entrepreneurs reckon that Damascus Fortune's technology will create disruptive growth in the market with its eco-friendly and cost-effective production.
Additionally, carbon capture and storage is an $8 billion dollar market, yet unprofitable. With Damascus Fortune's technology, carbon emissions can be a commodity and can be sold rather than buried underground.