Mantra Venture Group, Ltd. (OTCBB: MVTG) is building a portfolio of subsidiary companies and technologies that mitigate negative environmental and health consequences that arise from the production of energy and the consumption of resources. Mantra is quoted on the OTCBB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.

Mantra Energy Alternatives Ltd. (ME)

Mantra Energy Alternatives Ltd., a wholly owned subsidiary of Mantra Venture Group, which acquired 100% ownership of the patent pending technology Electro-Reduction of Carbon Dioxide, or “ERC” in 2008 . ERC was developed by Professor Emeritus Colin Oloman at the University of British Columbia’s Clean Energy Research Centre.

ERC uses only three components: CO2, water and electricity, which makes the end product formate or formic acid.

Progress has been made with the development of ERC since its acquisition by ME. Technical milestones have been made in the following areas:

• Energy requirement has been reduced by a third
• Process efficiency raised from 50% to 90% (a figure that is acceptable in an electrochemical process)
• Physical structure has been improved and energy flow eased
• Cathode catalyst has been upgraded, its efficiency and lifetime improved
• Complete turnkey system suitable for industry has been conceived and the separate parts tested.

At present, based on conservative calculations, Mantra has forecasts a 20% - 24% ROI (return on investment). Real-world demonstration testing will refine and confirm these figures, giving ME a realistic platform for its next stage – sale of commercial plants. The demonstration projects will open up markets in power utilities and cement production for sales in the hundreds of $Millions USD, which will then grow.

In regard to scale up: many new technologies struggle to go from laboratory prototypes up to full sized commercial plants. One of the advantages of ERC is that it is electrochemistry, an established and well understood branch of chemicals processing. Electrochemistry is developed first for a single cell, and each cell thereafter is identical to the others. Scale up is a matter of installing the number of cells needed to meet the production goal, not of developing and expanding a single chemical process. Scale up is simple and turnkey.