To give another breakthrough technology to the fuel transportation world, American firm Carbon Sciences is focusing on existing Hydrogen and Other Large Volume Chemicals Market. Company announced to accelerate the Research & Development in the development of Steam reforming version for synthetic gas plants.
Company plans to use Gas-to-liquids (GTL) technology, on the basis of abundant and inexpensive natural gas, & offers the best solution to meet the increasing demand for liquid transportation fuels. Because of carbon emission issues, GTL project is moving slowly & developing only in the significant markets of the world. GTL sees as the key opportunity for the gas companies also to grab & create something that could stand on productivity as well as environmental stability. Carbon Sciences works on same formula to target this market by replacing it with steam reforming technology. Company is in the process to develop the dry reforming version of its catalyst that can be used with captured CO2 or high CO2 content natural gas to make syngas.
Byron Elton, CEO of Carbon Sciences, commented, “We are accelerating our development efforts to adapt our proprietary catalyst to meet the needs of this valuable market. By the end of 2012, we plan to demonstrate that our catalyst will deliver more output at a lower cost and will be an attractive drop-in replacement for existing steam reforming plants. The financial rewards are enormous. The current global hydrogen market exceeds $150 billion/year with methanol at more than $20 billion annually. The 2,000 existing steam reforming plants in the world usually replace their catalysts every 3-5 years. Many of these catalysts replacements cost as much as $5-$10MM.”
Hydrogen is better known as the fuel for future, since it is still in the growing age as user-friendly skills are not too developed to make it more advantageous to energy sector. Researches are on as UK & EU have taken key decision by initiating the CCS & UK H2 Mobility projects. These mobile activities can only help & project future in the best cultivated manner. Today there are more than 2,000 plants worldwide that use steam reforming of natural gas to make syngas for the manufacture of large volume chemicals such as hydrogen, methanol, ammonia, solvents and detergent alcohols. If technology goes well on R&D scale, then these plants more go for this also as productivity is key everywhere.