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IDTechEx Looks at 5 Key Areas Metal-Organic Frameworks Can Help Decarbonize

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BOSTON, May 27, 2024 /PRNewswire/ — According to IEA’s 2023 update to its net zero roadmap, carbon capture technologies, more efficient space cooling equipment, and clean energy transitions are all cornerstones of achieving net zero by 2050 and limiting global warming to 1.5°C. Emerging technologies utilizing metal-organic framework (MOF) materials for carbon capture, refrigerant reclamation, direct lithium extraction, HVAC equipment, and various other chemical separations and purification processes can see the advent of disruptive next-generation technologies that are essential for industrial decarbonization. IDTechEx’s new report, “Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players“, evaluates the role of MOFs in accelerating industrial decarbonization and the challenges associated with industrial adoption.

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5 key MOF-enabled technologies that can help address industrial decarbonization. Source: IDTechEx

1.  MOF sorbents for point source carbon capture solutions targeting hard-to-abate industries

Deploying carbon capture technologies is key to addressing emissions from industries that are hard to decarbonize (e.g. cement, steel, etc.), support low-carbon hydrogen production, and remove CO2 from the atmosphere. MOFs can function as highly selective filters that can adsorb CO2 in the presence of other gases, such as N2 and water vapor, with fast kinetics. The key advantage is that saturated filters can be regenerated within minutes using low-grade industrial heat or mature pressure swing processes, offering lower energy regeneration pathways compared to the incumbent. While these technologies are operating at a substantially lower scale than the incumbent amine scrubbing, there is potential to rapidly scale these modular technologies in the medium term.

2.  MOFs can reduce the carbon footprint associated with chemical production

Chemical separations and purification processes are one of the largest contributors to energy consumption in the chemical industry. There is a large opportunity for the development of alternative separation technologies using innovative materials (e.g., MOFs) to replace or supplement existing systems to reduce energy consumption. For example, propylene, a major chemical feedstock, can be separated from propane to produce polymer-grade propylene using MOF-based membrane technology. Swiss startup UniSieve told IDTechEx that its molecular sieve membrane technology can reduce energy consumption associated with propylene/propane separation by up to ~90% compared to conventional distillation processes.

3.  MOF-based direct lithium extraction technologies to address projected supply-demand challenges

Vast quantities of critical minerals are necessary for clean energy technologies such as electric vehicle (EV) batteries. 60% of the total demand for lithium is currently from clean energy, and this is set to approach ~90% by 2030 in the Net Zero Emissions (NZE) Scenario outlined by the IEA. The demand for lithium is projected to be over 700,000 tonnes by 2030 in IEA’s NZE Scenario, whereas the anticipated supply is expected to meet only ~70% of the demand. Additionally, IDTechEx’s report “Materials for Electric Vehicle Battery Cells and Packs 2023-2033” forecasts a supply deficit from 2026 (or earlier). Therefore, rapid expansions and diversification of robust and sustainable mineral supply chains are essential for continued growth.

The ability to tailor MOFs to selectively separate chemicals can be leveraged for direct lithium extraction (DLE) technologies, an alternative to conventional lithium isolation methods. US-based EnergyX developed its proprietary modular lithium-ion transport and separation (LiTASTM) technology, which uses MOF-based membranes. It is currently running pilot demonstrations of its technology across North and South America. The company has also received investment from General Motors (GM) to develop its DLE and refinery technology and support its commercialization. The agreement also enables GM to access competitive lithium offtakes for exclusive use in EV production and supports lithium production projects in North and South America in efforts to diversify supply chain opportunities.

4.  MOFs can widen the scope of refrigerants that can be reclaimed

Another area is refrigerant reclamation. Fluorocarbon refrigerants have a global warming potential (GWP) that is several hundred to several thousand times greater compared to CO2 (GWP of CO2=1). Following the Kigali Amendment to the Montreal Protocol, production of hydrofluorocarbon refrigerants needs to be reduced significantly by 2036. As a result, refrigerant and HVAC equipment manufacturer Daikin is actively promoting refrigerant reclamation. MOF-based separation technologies being developed are enabling the separation of fluorocarbon refrigerants with small differences in boiling points, that are not generally possible with conventional separation methods such as distillation.

5.  MOF-based HVAC systems to tackle high energy consumption associated with space cooling

Energy consumption associated with space cooling is set to more than double by 2050, with increasing demand for air conditioners in emerging markets and developing economies, according to the 2023 Update to the IEA Net Zero Roadmap. To manage the strain on electricity generation and infrastructure, more energy-efficient air conditioning systems are needed. For example, Montana Technologies is commercializing AirJoule®, which uses MOF-coated aluminum contactors for integration into HVAC and atmospheric water harvester systems and eliminates refrigerants. It claims that its technology can reduce electricity consumption by ~75%. The company announced in March 2024 that it received all necessary funding to commercialize its technology with partners, including BASF, GE Vernova, CATL, and Carrier.

IDTechEx Outlook

MOFs can unlock the advent of disruptive next-generation technologies that are essential for industrial decarbonization. However, there are several challenges with economically manufacturing MOFs for industrial applications and developing robust, scalable technologies that integrate these materials. Although early testing and pilot data demonstrate promising results, the technologies are yet to be demonstrated at an industrial scale. Partnerships between MOF manufacturers with technology developers are essential to advance these technologies and realize the potential of these materials, with strategic investments by industrial partners being key to bringing these technologies to market.

The new IDTechEx report “Metal-Organic Frameworks (MOFs) 2024-2034: Market, Technology, and Players” offers an independent analysis of these trends and considers applications of MOFs for several other early-stage technologies, including hydrogen storage, energy storage, sensors, and more. Informed by insights gained from primary research, the report analyzes key players in the field and provides market forecasts in terms of yearly mass demand and market value segmented by application.

To find out more about this report, including downloadable sample pages, please visit www.IDTechEx.com/MOFs.

For the full portfolio of advanced materials and critical minerals market research from IDTechEx, please visit www.IDTechEx.com/Research/AM.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.

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Media Contact:

Lucy Rogers
Sales and Marketing Administrator
press@IDTechEx.com
+44(0)1223 812300

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View original content:https://www.prnewswire.co.uk/news-releases/idtechex-looks-at-5-key-areas-metal-organic-frameworks-can-help-decarbonize-302154368.html

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Gentoo Media – Mandatory notification of trade

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ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

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Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

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Agoda Highlights Five Urban Hikes for Adventurous Travelers

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SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

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SOURCE Agoda

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