Intrinsic Foundries: Using Microalgae to Convert Industrial Carbon Emissions into Supplements

Intrinsic Foundries is scaling a biomanufacturing process that captures carbon dioxide from steel, cement, and chemical plants. Instead of storing the gas underground, the startup uses microalgae to convert emissions into high-value biochemicals for the food and pharmaceutical industries. Having raised Rs 12 crore in seed funding, the company is moving from a successful proof of concept at a thermal power plant to a commercial one-tonne-per-day facility. This approach aims to turn carbon capture from a cost center into a profitable revenue stream for heavy industry.