Recently, amaster thesis on the implementation of carbon upcycling activities was finished under the supervision of ESTT members. Here is the abstract.

This thesis focuses on carbon upcycling technologies and how they can successfully be implemented by capital-intensive incumbents. The aim of this research is to outline the different carbon upcycling technologies available, including carbon capture, storage & transport as well as carbon utilization technologies. However, the main focus will be on carbon utilization product applications, in order to find viable solutions that can be implemented by incumbents in a profitable way. Four product applications were identified that strategically fit into the current business models. Selected product applications were compared on the basis of four criteria: technology readiness level, company involvement, regulation and commercial viability.  Consequently, business models have been built around these product applications, using the triple layered business model canvas.