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Carbon nanotubes (CNT) are nano-sized tubes made up of carbon atoms. Their properties depend on how carbon atoms are aligned to each other in a sheet. It is 100X times stronger and 6 X times lighter when compared to steel. The growing demand for nanotechnology is set to cater to the growing demands of energy, healthcare, environment, aerospace and electronics sector. In oil and energy sectors, it can play an important role in cleaning of oil spills. Besides the oil sector, it finds its usefulness in water purification plants. Compared to other alternatives, it is a cost-effective and reliable platform.