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Can altM Engineer A Cleantech Revolution In The Industrial Value Chain?
- India aims for net-zero emissions by 2070 with measures like prohibiting end-of-life vehicles in Delhi from 2025 and deploying pollution control methods.
- Startups like altM focus on decarbonizing industries through cleantech solutions, developing bio-chemicals from agricultural and industrial waste.
- altM's founders gained industry experience, identifying the potential in agricultural residue for sustainable materials.
- The company's altMORPH platform converts biomass into bio-chemicals, offering scalable and sustainable solutions across industries.
- altM aims for carbon-negative molecules with superior performance compared to traditional chemicals, focusing on cost and scalability.
- The company's customer-first approach drives innovation, with products tailored for industries like beauty, textiles, and wood.
- altM's pilot plant nears completion, with plans for early revenue generation and scaling up production capacity in the coming years.
- Expansion into European markets is targeted due to better ecosystem support and awareness of biochemicals.
- Challenges include scaling deeptech in India due to funding and regulatory hurdles, with altM positioned to lead in decarbonizing industries.
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