NuMat Technologies announced on Tuesday that the company will be partnering with the Japanese chemical major Sumitomo Chemical for the development of chemical separation technology which is sustainable and can efficiently reduce the carbon emission which are related to production of critical chemicals used in the key sectors of global economy.
The major problem with the traditional chemical separation process is that the process is quite energy intensive and requires significant capital investment. Therefore, there is a need for energy efficient and cost effective alternatives to achieve carbon emission reduction.
With the proposed partnership both the companies will be applying their expertise in advanced separation and precision engineered materials for the development of novel solutions which are able to displace traditional separation technologies which are both energy intensive and expensive.
NuMat is a chemistry design company having expertise in the field of high performance computing, data engineering and chemistry. The company delivers solutions to chemicals, industrials, and life science sector. The company is a pioneer in programmable chemistries.
Sumitomo Chemical is one of Japan’s leading chemical companies with global sales of around USD 21 Billion. The company has operations in diverse business sectors as petrochemicals and plastics, energy and functional materials, IT related chemicals, pharmaceuticals etc.
As per ChemAnalyst, “the proposed partnership is aimed at developing chemical separation technologies which support carbon neutrality, therefore the partnership is a step towards capturing the demand for sustainable solutions which is on the rise due to various governments supporting sustainable and cost effective solutions worldwide.”