Predict your next investment

INDUSTRIAL | Basic Materials / Synthetics
spongeinc.com

See what CB Insights has to offer

Stage

Incubator/Accelerator | Alive

About Sponge

Sponge is developing a carbon-based material, with the aim of bringing affordability, scalability, and sustainability to industries in oil removal, water, and air cleanup.

Sponge Headquarter Location

13553 Hyacinth Hills Way

San Diego, California, 92130,

United States

Latest Sponge News

Sponge Iron from Magnetite

Sep 10, 2021

Updated: Fri, Sep 10, 2021 05:55 pm Hitherto; Sponge Iron, one of the essential raw materials to produce steel, was commonly manufactured in the country through the DRI process, which involves solid state reduction of Iron Oxides occurring in the form of Haematite Iron ore. Sponge iron produced by this process employed a coal fired Rotary Kiln with the input charge consisting of equal quantities of iron ore and coal. WATCH | Click on Zee Business Live TV Streaming Below: ‘The present Sponge iron plants are 'red category' industries, which means they have very high pollution potential and can cause serious health hazards. The manufacturing process releases extreme heat and smoke containing oxides of sulphur and carbon, unburnt carbon particles and silica. The dust is a little less if plants use electrostatic precipitators (esps) -- to check emissions -- which most states have made mandatory, but the way they use it is questionable. Coal-char, iron dust and carbon dust collected from esps are also pollutants that need safe disposal’ A new process for producing high quality sponge iron that eliminates all the shortcomings of the present process has been developed by Shri Soumitra Mohanty of Involute Metal Powders LLP. www.powdertechnologies.com Involute Metals powders have been pioneer in the technology of manufacturing ferrous and non ferrous metal powders . The man behind this evolutionary development at Raipur, Chhattisgarh puts it aptly; “This invention has not only brought great relief from environmental hazards, but also has been able to utilize Magnetite Iron Ores, replacing Haematite. Employing Tunnel Kilns in place of Rotary Kilns, makes the process a Static Bed DRI, a unique one in the country”. Highlights of the process are: 1. Utilising Magnetite Iron Ore that comprise 36 % of our country's Iron Ore deposits and has not been able to find quantitative usages so far. 2. Using only 20 % coal against equal proportion of iron ore and coal. 3. Complete Smokeless Operation

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.