Posts tagged with "World Economic Forum"

Image of Telescope via Gabrielle Archulleta for Use by 360 Magazine

Purdue Innovation Could Make Recycling More Profitable

By: Steve Martin

Hasler Ventures LLC plans to scale up to commercial levels a Purdue University patented technology that may accelerate the volume of waste plastic recycling.

The innovation is called Low-Pressure Hydrothermal Processing. It promises an economically and environmentally safe way to transform polyolefin plastic, the most common form of plastic, into gasoline, diesel fuel and other high-value items. Developed by Linda Wang, the Maxine Spencer Nichols Professor in the Davidson School of Chemical Engineering, the research was published in a 2021 issue of the peer-reviewed journal Fuel.

The United Nations estimates that more than 8 million tons of plastics flow into the oceans each year. Of all the plastics produced over the past 65 years (8.3 billion tons), about 12% have been incinerated and only 9% have been recycled. The remaining 79% have gone into landfills or the oceans. The World Economic Forum predicts that by 2050, the oceans will hold more plastic waste than fish if the waste continues to be dumped into bodies of water.

 “The key to solving this problem is to make it economically more attractive to collect and process the plastic waste stream into higher-value products at a significantly lower conversion cost,” said Dan Hasler, CEO of Hasler Ventures. “Current methods including incineration, pyrolysis and mechanical recycling have all proven to be ineffective or too costly, both financially and environmentally. They have not been able to draw the required private investment at a scale sufficient to divert the vast majority of the global 350 million tons of plastic waste produced annually from the landfill. We believe we can demonstrate first at pilot scale that hydrothermal processing is a less-expensive approach to produce fuels from plastic than from crude oil, making it a profitable venture to collect and process plastic, keeping it out of landfills and oceans.”

Purdue has put significant effort in this area for many years, said Mung Chiang, Purdue’s executive vice president for strategic initiatives and the John A. Edwardson Dean of the College of Engineering. “Solving this plastic waste problem will greatly benefit the environment and future generations,” Chiang said.

The recently invented conversion process incorporates hydrothermal liquefaction and efficient separation. Once the plastic is converted into oil or naphtha, it can be used as a feedstock for other chemicals or further separated into monomers, specialty solvents, or other products. The clean fuels derived from the polyolefin waste generated each year can satisfy 4% of the annual demand for gasoline or diesel fuels. Some results of Wang’s study were published in ACS Sustainable Chemistry and Engineering in 2019 and Fuel in 2020 and 2021. A video about the process is available online.

Hasler Ventures is collaborating with American Resources Corp. (NASDAQ:AREC) to use its Indiana-based chromatography pilot plant, currently in development, to demonstrate the technology.

Mark Jensen, president of American Resources Corp., said, “Once proven, the commercialized Purdue innovation could change perceptions about recycling plastics. We’re excited to support this environmentally critical project.”

Cityzenith illustration by Heather Skovlund for 360 Magazine

Cityzenith × World Economic Forum

­Cityzenith joins the World Economic Forum Global Innovators Program

Digital Twin market leader Cityzenith has been chosen to be part of the World Economic Forum’s (WEF) Global Innovators community to support Cityzenith’s mission to decarbonize US cities.

The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public-and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency. There are over 140 community members across 15 different countries.

Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues. ‘Shaping the Future of Energy, Materials, and Infrastructure’ is one of the seventeen platforms which focuses on bringing together industry leaders from electricity, oil and gas, mining and metals, chemicals, and construction.

The latest participant to join this platform is Cityzenith, whose SmartWorldOS software platform can create virtual replicas of buildings and urban areas to track, manage and optimize carbon emissions and minimize environmental damage.

The US company’s tech is deployed in multiple international megaprojects, including a substantial ground-breaking decarbonization energy scheme for US cities.

Cityzenith CEO Michael Jansen said, “Our partnership with the World Economic Forum gives us a platform to have our voice heard, spread our message, and take advantage of more opportunities.

“WEF recognized that our technology and insight had a role to play in combating Climate Change, and now we can go further in helping governments and countries to decarbonize cities worldwide.”

The partnership’s catalyst was Cityzenith’s ‘Clean Cities – Clean Future’ campaign as part of the ‘Race to Zero’ movement. Cities worldwide generate 70% of global carbon emissions (source: UNHabitat) and Cityzenith believes its SmartWorldOS can help building and property asset management groups, city planners, and developers move to carbon neutrality in the next ten years.

Cityzenith CEO Michael Jansen said at the launch of the’ Clean Cities – Clean Future’ initiative: “We have to help the most polluted urban centers become carbon neutral, and we plan to do this by donating the company’s Digital Twin platform SmartWorldOS to key cities, one at a time, after every $1m raised. We’re able to do this because of the recent surge of investment as part of our $15m crowdfunding raise.

The World Economic Forum also partners with leading organizations that push change forward, like the International Renewable Energy Agency (IRENA), an intergovernmental organization supporting countries in their transition to a sustainable energy future.

President of the World Economic Forum, Børge Brende believes IRENA’s partnership with the Forum is “an important step in strengthening the mission of our organizations” adding:

“It brings together the knowledge, insight and innovation expertise of IRENA with the Forum’s global network to ensure these higher commitments are realized in the near term.”

Significant investment funds such as The Carlyle Group, Equinor, and the Canada Pension Plan Investment fund (CPP) have also partnered to offer a potential investment into promising climate solutions.

CPP President and CEO Mark Machin see the benefit and importance of investing now to protect the planet: “We at CPP Investments are trained to dig deep into both risks and opportunities. Climate Change offers both.”

“None of these efforts are cheap, but they are an investment in society’s future. And, as we’ve learned from the current crisis (COVID-19), the cost of being underprepared when catastrophe strikes can be far higher.”

If you would like to hear more from Cityzenith CEO Michael Jansen, you can listen to him directly in an upcoming FREE investment webinar ‘Join The Race to Zero – Investing in Technology For Sustainable Cities,’ taking place virtually on Tuesday 8th June at 08:00 CT and 13:00 CT. To learn more about using emerging tech to combat Climate Change, please sign up here.

About Cityzenith
Cityzenith is based in Chicago with offices in London and New Delhi. The company’s SmartWorldOS Digital Twin platform was created for anyone designing, constructing, and managing complex, large-scale building projects, properties, and real estate portfolios but has developed to cover infrastructure, energy projects, transport, health, people movements, and whole cities. Find out more at Cityzenith.

Technology illustration by Heather Skovlund for 360 Magazine

Cityzenith Futuristic Sky Mapping

Digital Twin pioneer Cityzenith predicts futuristic 3D sky mapping will launch low carbon city flight revolution

Science fiction fans can tick off one more prediction turned to reality as NASA aims to optimize local travel and commuting by air above cities.

A key enabler is Digital Twin technology, a ‘real-world SimCity’ software able to aggregate vast quantities of data on buildings, roads, infrastructure, vehicles, and even the space above into an interactive 3D virtual model of a city.

It is the potential to manage integrated drone and ‘new age’ air taxi routes in the air space that attracted a nationwide NASA search, leading Digital Twin pioneer Cityzenith to be 1 of just 10 tech companies presenting to senior NASA officials at the prestigious ‘Ignite the Night: Aeronautics’* NASA iTech virtual event on April 13, 2021.

NASA iTech identifies and searches for cutting-edge technologies being developed outside of NASA that solve problems on Earth, but also having the potential to address challenges facing exploration of the Moon and Mars. 

The high-profile panel of judges includes:

  • David VoracekCenter Chief Technologist, NASA Armstrong Flight Research Center

Julie Williams-ByrdDeputy Chief Technologist, NASA Langley Research Center NASA’s vision for Advanced Air Mobility (AAM) aims to help develop air transportation to safely move people and cargo between places previously not served or underserved by aviation – local, regional, intra-regional, and urban – using revolutionary new aircraft only now becoming possible.

Michael Jansen, CEO of Chicago-based Cityzenith, said: “This will be the second presentation to NASA by my company and its SmartWorldOS software platform within weeks, and we are very honored and excited to be the only Digital Twin company at this prestigious gathering.

“It highlights yet another application for Digital Twin technology and growing interest in flight above our cities, a dream dating back to the ground-breaking 1927 movie ‘Metropolis’ and many sci-fi classics since then, but now set to happen as we move to delivery by flying drones and then human travel by zero-carbon air vehicles using electric propulsion.

“It will open a whole new dimension to city life; no longer will high-rise living and working mean people must literally come down to earth to go elsewhere.

“But there is a real pressure to act, too: The World Economic Forum has reported that ground level delivery vehicles in the world’s 100 largest cities will increase 36% by 2030, carbon emissions from all urban delivery traffic will rise 32% and congestion will be up by 21%, adding 11 minutes to an average daily commute.

“NASA introduced the air taxi concept in 2001 and the race is now on to create the first viable electric machines in a market tipped to grow 26.2% annually to $6.63 billion by 2030**.

“This new air mobility can also significantly reduce greenhouse gases in cities, a goal of our Clean Cities – Clean Future mission to drive down urban carbon emissions. Cities produce more than 70% of global carbon emissions (source: UN) and that’s why we pledged to donate SmartWorldOS to key cities around the world, one at a time, to help the most polluted become carbon neutral.

“We are also expanding to meet demand for our Digital Twin capability as the post-COVID-19 ‘Build Back better’ initiative grows; we have just passed a $2.5 million milestone en route to a $10 million Regulation A+ crowdfunding investment raise.”

Provided by:

World Digital Foundation

Allied Market Research