Carbon capture, sequestration, and conversion into valuables are global challenges to achieving net zero. The conversion of CO
2 to valuable chemicals is one innovative way to control CO
2 concentration. CO
2 hydrogenation to FA recently emerged as a promising route for CO
2 utilization. FA is an important chemical used in the leather, pharmaceutical, rubber, painting, and dye industries. The compound annual growth rate (CAGR) of FA is ~4%. CO
2 and H
2 can also be stored in the form of FA. Previously, few studies have discussed CO
2 hydrogenation to FA in the presence of noble metal complex catalysts in an ionic liquid. However, a big issue is the catalyst cost, ionic liquid availability, and product separation. Therefore, developing a heterogeneous catalytic process for in an aqueous medium is more attractive. In addition, quantifying product formation, CO
2 conversion, and the fundamental understanding of reaction mechanisms is crucial.
In this study, 10 wt.% Ni/Al2O3 and 10wt.%Ni/AC (activated carbon) catalysts were synthesized by impregnation method, and their physicochemical properties were characterized by various techniques such as BET, XRD, TGA, TPR, SEM, and TEM, etc. The CO2 hydrogenation reaction was performed in aqueous medium in an autoclave reactor. The effect of important reaction parameters such as temperature (50-300oC), CO2 to H2 pressure ratio (0.2-2.3), and catalyst concentration (0.2-1 g/10 ml solution) were optimized by using the response surface methodology (RSM). Results demonstrated that both the catalysts exhibited very promising performance in the hydrogenation of CO2 and obtained a very high yield (2011.92-2143.7 μmol g-1 h-1) of FA at the optimum reaction temperature (200oC), and a total pressure of 60 bar. Comparatively, the yield was higher for 10 wt.% Ni/Al2O3 catalyst. The surface area, catalyst morphology, active sites, and interaction of CO2 and hydrogen with the catalyst played a crucial role in the yield of FA.