Mantra Venture Group Ltd., through its subsidiary, Mantra Energy Alternatives Ltd., identifies, acquires, develops, and markets technologies related to alternative energy production, greenhouse gas emissions reduction, and resource consumption reduction.
Its electro-reduction of carbon dioxide (ERC) technology combines captured carbon dioxide with water to produce materials, such as formic acid, formate salts, oxalic acid, and methanol.
The company’s ERC technology also produce various by-products, including sodium formate and formic acid that are used as feedstock preservatives, de-icing solutions, cleaning solutions, and baking soda for leather, rubber, food, and pharmaceutical applications. In addition, its ERC technology focuses on producing formic acid for use in steel pickling application.
The company, through its subsidiary, Mantra Media Corp., offers promotional and marketing services to companies in the sustainability sector, or those seeking to adopt sustainable practices. Mantra Venture Group Ltd. was founded in 2007 and is based in Surrey, Canada.