RE:This just outIt's much more than that - pour yourself a cup of coffee and spend some time researching the GHG damage comparison of
methane to CO2. Methane is multiples higher in its negative effect upon the atmosphere than CO2 and there are plenty of regulations clamping down on flaring / venting methods (which has been the traditional methods of handling unwanted methane in the O&G industry primarily)
CAPP data here
Natural Gas Flaring & Venting | Canadian Association of Petroleum Producers (capp.ca) Questor Technology (QST) was a holding of mine for some time. It's been rocked by the downward pressures in the industry but their technology is exceptional (primarily to clean combust captured methane and use the waste heat for power grid). Their tech was (and still is) great for the environment as well as my portfolio at the time.
Methane control will remain a growing concern / interest IMO and I'm happy to get behind such ethical investment opportunities which bode well for the planet.
PYR's patent filing also has co-gen elements to it but looks to be producing a useable (and salable) syngas product. IE possible for PYR customer to recoup their equipment costs over time by selling the byproduct of a material that federal regulations were demanding higher controls and imposing fines until addressed. Incroyable!
Referring back to Questor - their revenue streams skyrocketed during the 'first' oil crash in 2018 when they pivoted to a leasing structure. That allowed CAPEX strapped companies to exercise their OPEX flows and still get their equipment in the field. Leased fleet was expanded and utilized heavily.
Those still perceiving the PYR leasing option as negative might want to re-consider.
Abstract(EN) A process wherein CO2, methane, and steam react at high temperatures, for instance approximately 1600 °C, to form a synthetic gas or syngas. This syngas can then be used in a methanol production plant. The carbon dioxide used to produce the syngas may also comprise recovered emissions from the production of methanol or urea, such that CO2 is recycled. The rich syngas is produced by the bi-reforming of methane, featuring a combination of dry reforming of methane and steam reforming of methane, via the reaction CO2+3CH4+2H2O→4CO+8H2, such that the H2:CO ratio is 2. A plasma reactor may be provided for the reaction. Excess heat from the syngas may be used for heating the water that is used as steam for the reaction.
claudemc wrote: Just speculation at this ponit until we hear from Peter but this looks like another game changer for GHG, forget about trying to get rid of it, let's just repurpose the CO2 into clean green syngas.
It's like Drosrite only for CO2.
Plasma Reactor turns CO2 into Syngas stay safe!