The projects would be developed using GreatPoint’s proprietary Bluegas technology, which utilizes catalytic hydromethanation to create pure hydrogen and substitute natural gas (SNG). The hydrogen will be used for industrial applications or combusted to generate near-zero carbon electricity. The SNG can be transported in the existing pipeline infrastructure and used as fuel in home heating, power plants or industrial processes.
Catalytic hydromethanation, when combined with advanced power generation, could eliminate more than 90% of carbon emissions and nearly double the efficiency of conventional coal combustion or integrated gasification combined cycle power plants, according to a recently published study by the US Department of Energy’s National Energy Technology Laboratory. The technology captures carbon dioxide (CO2), which can be used for domestic oil production through enhanced oil recovery.
Andrew Perlman, president and CEO of GreatPoint Energy, said: “We are extremely pleased to expand our relationship with Peabody, who we view as one of the world’s most forward thinking energy companies and the leading proponent of clean uses for coal. We believe that chemically converting coal into low- and near-zero carbon fuels represents the absolute fastest, largest-scale, and lowest-cost solution to reducing carbon dioxide emissions.”
