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Renewable natural gas that could disintermediate utility-scale solar and wind
Natural gas today is a multi-trillion dollar industry. But despite news of new discoveries, the asset is finite. This startup believes it’s found a way to make a renewable form of natural gas out of forestry industry waste and other inexpensive and plentiful feedstocks.
The company claims its patent-protected hydropyrolysis process will enable it to produce its gas in a way it says is CO2 neutral and doesn’t require large power inputs. And as chemically identical to natural gas, its product should be transportable in existing worldwide pipelines—the most efficient way to transport energy.
Not content to only develop and license equipment to others, this company is also targeting becoming an independent gas producer (IGP) itself, seeking funding for its own plants and selling bio natural gas as a product to off-takers. Its primary customers could be power utilities, which appear interested in purchasing its gas—even if 2-3x more expensive than fossil-based natural gas—so as to make baseload renewable power without the much more expensive proposition of building non-dispatchable wind or solar power plant.
There is enough available, accessible and renewable forestry biomass waste in the U.S. and EU to displace 15% of the regions’ natural gas demand, according to the company’s calculations, an addressable market valued at $40 billion/year, it believes.
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