Explanation:

Both statements are correct.

• The NCoE-CCU’s CO2 conversion technology is based on electrocatalysis, which is a process that uses electricity to drive chemical reactions. In this case, the electricity is used to convert CO2 into CO. The CO produced can then be used as a fuel for various applications, such as the production of synthetic fuels or chemicals.

• One of the key advantages of the NCoE-CCU’s technology is that it can be operated at ambient temperatures and pressures. This makes it much more energy-efficient than other CO2 conversion technologies that require high temperatures or pressures.

• Currently, the process for CO2 to CO conversion occurs at elevated temperatures (400-750 °C) making it an energy-intensive process. But this newly developed CO2 conversion process requires only minimal energy as it can proceed under ambient temperatures (25-40 °C) in the presence of water.

• Moreover, the energy required for this electrocatalysis reaction can be harnessed directly from a renewable energy source (in the form of a solar panel or windmill) for a carbon-neutral conversion process.

Hence option 3rd is correct.