HydrocarbonX is developing innovative solutions in the methane and greenhouse gas (GHG) emissions reduction space.
Natural Gas, comprising mainly of Methane, is often produced in conjunction with oil. Most oil wells are not directly tied into oil batteries and pipelines so the associated gas remains stranded. The amount of gas produced and its value are insufficient to recover costs of building pipelines so this valuable resource is either vented or flared to atmosphere. This contributes to global GHG emissions, with Methane being 25 times more potent a contributor than Carbon Dioxide.
Our founding mission:
We will virtually eliminate the venting and flaring of natural gas worldwide, create wealth from waste and make a significant positive dent in climate change!
Our value proposition:
HydrocarbonX provides an economically attractive solution to mounting regulatory pressure in the Methane Reduction space, that threatens to shut producers in.
Applying novel Gas-To-Liquid (GTL) technology at a breadth and scale not currently deployed, we convert associated stranded gas to a liquid commodity, creating new revenue streams and reducing site GHG emissions & carbon costs by a factor of 80.