A multi-billion dollar global industry, catalysts are essential to the world's industrial production. As much as 90% of all chemical processes utilize catalysts (petroleum refining, pollution abatement, and production of fuels and chemicals) and 60% of all consumer and industrial products (fertilizers, plastics, pharmaceuticals, and batteries) are made using catalysts. Catalysts are now seen as a preferred way to improve process efficiency, lower costs, increase output, use less energy, and meet both performance and environmental standards. This is placing a strong emphasis on the development of new catalysts with higher activity, increased longevity, and reduced environmental and/or health impact.
QSI catalysts have the potential to benefit multiple multi-billion dollar process applications in the refining, petrochemical, chemical, and pharmaceutical industries. Currently the lead application and commercialization focus is ammonia synthesis, a highly critical and energy-intensive process. The $100B+ of ammonia produced annually consumes more than 2% of the world's energy supply. Approximately 85% of this output is used as agricultural fertilizer for both food (supplying 50% of all human protein consumed), and non-food crops including biofuel feedstocks. In addition, ammonia generation produces 400 million tons of greenhouse gasses annually, or 1.6% of the world's total carbon dioxide emissions. By lowering the reaction temperature and pressure and increasing overall conversion efficiency, QSI's turbo-charged iron catalysts have the potential to increase ammonia production output per plant by up to 20% (Note: the ammonia industry considers 5% to be a 'game changer'). At scale, this breakthrough promises not only significant energy and infrastructure savings to the 100 year old Haber-Bosch process, but also compelling improvements in the net output of both food and fuel production. The Company believes it can generate 100+ million dollars in annual revenue within the ammonia and specialty chemicals industry. Product commercialization is underway with several industry leaders. Learn more about QSI's value add solution for the ammonia production market b