Oil & Gas Sector
"Clean Hydrogen from Natural Gas"
The Problem
Natural gas well flares are wasted energy, but also a potential source of useful energy. Governments are also increasingly imposing fines for methane emissions. Using our technology, we can change this “waste” into a financially-valuable resource.
A recent study published in the journal Science found that flaring is not eliminating nearly as much methane as has been assumed. As is well known, methane is a greenhouse gas many times more potent than carbon dioxide (20 to 100 times, depending on time scale considered).
“Our findings indicate that flaring is responsible for five times more methane entering the atmosphere than we previously thought,” says Genevieve Plan, the study lead author and
Assistant Research Scientist at the University of Michigan.
Methane is 28 times more powerful than carbon dioxide in its impact on global warming
Contamination: The Petroleum Refineries Sector is the second highest ranked sector in terms of GHG emissions per facility, with an average of 1.22 million metric tons of carbon dioxide equivalent behind only the Power Plant Sector.
Climate Change: The oil refining industry is the third-largest stationary emitter of greenhouse gases in the world, contributing 6% of all industrial greenhouse gas emissions.
Civil Penalties: Clean Air Act violations at oil and gas facilities protect communities from harmful smog and reduces methane emissions that are major contributors to global climate change.
Refinery Emissions: CO2 emissions from oil refineries were 1.3 gigatons in 2018 and could reach 16.5 Gt in 2030, contributing 6% of all industrial greenhouse gas emissions.
The Solution
Our approach to monetizing flares involves a process called methane pyrolysis. Pyrolysis is most commonly used in the treatment of organic materials and refers to the decomposition of organic materials in the absence or limited amounts of oxygen.
Our method is a technologically simpler, one step process, compared to the traditional two-step SMR/WSR steam reforming process.
Hydrogen is an optimal energy solution, Hydrogen advantages include eliminating emissions to improve regional air quality while reducing greenhouse gas emissions
Emissions from gasoline and diesel vehicles such as nitrogen oxides, hydrocarbons are a major source of this pollution. Hydrogen-powered vehicles emit none of these harmful substances only water (H2O) and warm air
Emissions from gasoline and diesel vehicles such as nitrogen oxides, hydrocarbons are a major source of this pollution. Hydrogen-powered vehicles emit none of these harmful substances only water (H2O) and warm air
Hydrogen offers options for the transition to a renewable economy like conversion back to electricity, as fuel for all means of transport and mobility and as a substitute for fossil hydrocarbons in different industries
Business Model + Revenue Streams
Our proposed business model involves the acquisition of surplus natural gas from your operations. Following this, we undertake comprehensive management and logistical responsibilities.
This mutually beneficial arrangement ensures profitability for both parties while contributing to the global initiative of reducing carbon emissions
Our solution not only helps the oil & gas industry but also the agriculture industry.
Avoid Fines
In the US, methane emitters can be fined $1500 per ton of methane released into the environment
Turn flare gas into REVENUE
Participate in the growing market of Clean HYDROGEN
Favorable Press + Public Relations
CARBON CREDITS from reducing emissions