Nigeria - Startup under 3 years old

Describe your project or startup in a few words

We’re revolutionizing materials production with a versatile innovation for point-source industrial emitters of all sizes. Conceived with modularity and scalability in mind, our cutting-edge membrane technology directly addresses carbon emissions.

01.01 Describe your startup in more detail

1101 Inc. addresses the critical issue of carbon management. In 2019, global carbon emissions reached 36.4 billion metric tons, highlighting the urgent need for solutions (International Energy Agency, 2020). Carbon capture is essential for meeting climate goals, reducing emissions from industrial processes and power generation (IPCC Special Report, 2018). 1101 Inc. acts as a parent company, fostering projects with spin-out potential. The Libran carbon capture, utilization, and storage (CCUS) project, wholly owned and managed by the founder, exemplifies this model.

01.02 What is the main problem you are trying to solve?

The Carbon Capture, Utilization, and Storage (CCUS) industry struggles with inefficiencies and high costs. Current technologies often achieve less than 90% efficiency, leading to significant CO2 emissions. Additionally, the capital and operating costs exceed $30 per metric ton of CO2, making widespread adoption challenging. These high costs and inefficiencies result in limited utilization rates, impeding the industry's potential to mitigate climate change effectively. Our product offerings address these issues by improving efficiency and reducing costs, making CCUS more viable and scalable for various industrial applications.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Our startup's product offers several major benefits. Firstly, it enhances efficiency and reduces costs by capturing carbon emissions at a significantly lower expense compared to traditional methods, thereby lowering operational expenses for industries. Secondly, the technology is highly scalable and adaptable, making it suitable for small, medium, and large-scale applications across various industrial processes. Lastly, it has a substantial environmental impact by effectively capturing and reducing CO2 emissions, aiding industries in meeting regulatory standards and improving their sustainability profiles, which is crucial in the fight against climate change.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

The startup's product/service targets individuals and organizations seeking innovative solutions to streamline their carbon capture processes. Our membrane-based technology benefits industries with high carbon emissions, including chemical/materials, manufacturing, and power generation sectors, helping them mitigate environmental impact effectively.

01.05 When was your company established?

2022-05-27

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

0

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

As the sole owner of the startup, I bring diverse skills and experience to the table, encompassing operations and maintenance in a manufacturing/materials processing sectors as well as administration within infrastructure maintenance. My background uniquely positions me to drive the success of the venture independently.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

01.11 Which industry best describes your project?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My startup contributes to the No poverty goal

4

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

4

02.02.02 Zero hunger - Justification for my startup

02.03.01 My startup contributes to the Good health and well-being goal

2

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

3

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

4

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

3

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

6

02.07.02 Affordable and clean energy - Justification for my startup

Our membrane-based reactor CCUS project strongly aligns with UNSDG 7 by providing affordable and clean energy solutions. By capturing carbon emissions from industrial processes, we contribute to reducing greenhouse gas emissions and mitigating climate change. Additionally, our technology forms the basis of the utilization of captured carbon for energy production, further promoting sustainable energy practices.

02.08.01 My startup contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification for my startup

Our membrane-based reactor CCUS project strongly aligns with UNSDG 7 by fostering decent work and economic growth in several ways. Firstly, it creates job opportunities through research, development, and implementation phases, promoting economic prosperity. Additionally, by mitigating carbon emissions, it supports sustainable economic growth by reducing environmental risks and enhancing energy efficiency, thus contributing to a cleaner and more resilient economy.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Our membrane-based reactor CCUS project strongly aligns with UNSDG 9, "Industry, Innovation, and Infrastructure." By developing innovative technology for carbon capture and utilization, we contribute to building resilient infrastructure, promoting sustainable industrialization, and fostering innovation. This project addresses key challenges in reducing industrial emissions while promoting economic growth and environmental sustainability. Additionally, our reactor's by-product has market offerings of carbonate resources that are useful industrial feedstock, which count as low-carbon feedstock.

02.10.01 My startup contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification for my startup

By mitigating carbon emissions from industrial processes, it promotes environmental sustainability, which is crucial for reducing inequalities in access to clean air, water, and resources. Additionally, by providing a cost-effective solution for carbon capture, the project enables industries, especially smaller enterprises, to comply with emissions regulations, thus reducing inequalities in regulatory compliance burdens. Furthermore, the project's focus on innovative technology can foster knowledge sharing and capacity building, promoting inclusivity and leveling the playing field for sustainable development.

02.11.01 My startup contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

Our membrane-based reactor CCUS project aligns significantly with UNSDG 12 on responsible consumption and production. By efficiently capturing and utilizing carbon emissions, we promote sustainable industrial practices, reduce waste, and minimize environmental impact. This technology facilitates the transition towards cleaner and more resource-efficient production methods, contributing to a more sustainable future. It facilitates the responsible use of resources, supporting a circular economy and fostering climate action.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Our membrane-based reactor CCUS project strongly aligns with UNSDG 13: Climate Action. By capturing CO2 emissions from industrial processes, our technology directly reduces greenhouse gas emissions, mitigating climate change. The project supports sustainable industrial practices by providing an efficient and scalable solution for carbon capture, utilization, and storage (CCUS). Additionally, our innovation promotes the adoption of clean technologies, aligning with global efforts to limit temperature rise and enhance resilience against climate impacts. The successful implementation of our project not only contributes to emission reduction targets but also fosters environmental stewardship and sustainable development, crucial for achieving the goals of UNSDG 13.

02.14.01 My startup contributes to the Life below water goal

3

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

4

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

2

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification for my startup

The membrane-based reactor CCUS project strongly supports UNSDG 17 by fostering collaborations across industries, governments, and research institutions to tackle climate change. Our project involves partnerships with chemical and material processing companies, power generation firms, and technology providers. These collaborations are crucial for developing, testing, and scaling our carbon capture technology. By working together, we aim to enhance the technology's efficiency and affordability, making significant contributions to reducing global carbon emissions. Additionally, our project encourages knowledge sharing and innovation, promoting sustainable industrial practices and environmental stewardship.

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

06.02 The product/service represents an entirely new type of product/service.

2

06.03 The product/service could be described as a new technology.

5

06.04 The product/service is an improvement on an existing product or service.

2

06.05 The product/service could be described as an extension of a range of products or services.

2

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

7 - Strongly Agree

06.08 Justification for my startup

The varied responses indicate a diverse perception of our startup's product/service. It signifies both novelty and familiarity in the market. Our product/service falls under the spectrum of innovation, addressing unmet needs while also improving upon existing solutions. This blend of novelty and familiarity positions us to capture market demand effectively. By offering a unique value proposition, we can attract customers from both established and emerging market segments, driving growth and differentiation in the industry.

06.09 Competitive Analysis

Highlighting our unique membrane-based reactor, we compare favorably with CarbonClean's Cyclone CC, noted for modularity, scalability, and easy installation. Competitors in carbon capture include DAC (Climeworks, Carbon Engineering) and solvent-based CCS (Aker Solutions, Shell CANSOLV, Global Thermostat, MHI Group). What sets us apart is our innovative liquid membrane technology, combining carbon conversion with mineral oxides, positioning us as a leader in high downstream-value for solvent-based carbon capture.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?