Steam reforming of natural gas is the primary method for producing over $150 billion per year of hydrogen for use as a critical reactant in fuel and chemical processes and in making the world's fertilizers. There are approximately 2,000 steam methane reforming (SMR) plants around the world using older generation catalysts that require a high steam to natural gas ratio. Carbon Sciences said its new catalyst will allow plant operators to reduce the steam to natural gas ratio. Less steam used means more natural gas is processed in a greener and cleaner solution that saves energy costs, increases profits and reduces CO2 emissions.
Byron Elton, Carbon Sciences CEO, said: "With an abundance of market opportunities ahead of us, we have chosen to focus first on the hydrogen market. Hydrogen is a here and now market and represents the lowest hanging fruit for us. If our catalyst proves to be best of breed, we expect to be adopted very rapidly....
Carbon Sciences eyes $150 billion hydrogen market
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