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Chennai start-up makes carbon nanotubes from emissions

•, Fabricas Chinas
 Four young Chennai-based have come out with new technology that transforms harmful from industrial factories into one of the strongest materials - carbon nanotubes.

The professionals-turned-entrepreneurs have formed a new company, , 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.

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