Siemens and Evonik to Develop Artificial Photosynthesis Plant
January 18 2018 - 5:33AM
Dow Jones News
By Nathan Allen
Siemens AG (SIE.XE) and Evonik Industries AG (EVK.XE) will
develop a test plant that uses electrolysis and bacterial
fermentation to convert carbon dioxide into specialty chemicals,
the companies said Thursday.
The technology, inspired by the biological mechanisms of
photosynthesis, can also be used to store energy in times of low
demand and will receive 2.8 million euros ($3.4 million) from
Germany's Ministry of Education and Research, Siemens said.
The first phase of the joint project--known as Rheticus--will
run for two years, with the test plant in Marl, western Germany,
scheduled to come online in 2021, Siemens said.
Following construction of the test plant, Siemens plans to build
a 20,000-ton-a-year manufacturing facility, it said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 18, 2018 05:18 ET (10:18 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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