Who are the leading innovators in natural gas CO2 capture for the oil and gas industry? | So Good News
[ad_1]
The oil and gas industry continues to be a hotbed of innovation due to the need to improve operational efficiency, safety and environmental performance and the importance of technologies such as artificial intelligence, predictive maintenance and digital twins. According to GlobalData’s report Environmental Sustainability in Oil & Gas: Natural Gas CO2 Capture, more than 534,000 patents have been filed and issued in the oil and gas industry in the past three years alone.
However, not all innovations are the same and they do not follow a constant growth trend. Instead, their evolution takes the form of an S-shaped curve, showing their typical life cycle from early emergence to accelerated adoption and finally to stabilization and maturity.
Determining where a particular innovation is on this journey, especially those in the emerging and accelerating stages, is critical to understanding their current level of adoption and their likely future trajectory and impact.
40+ innovations are shaping the oil and gas industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the oil and gas industry using innovation intensity models based on more than 256,000 patents, there are 40+ innovation areas shaping the future of the industry.
inside to appear period of innovation, carbon capture MOFs and biogas carbon capture are disruptive technologies that are in the early stages of application and should be closely monitored. Methane capture, natural gas CO2 capture and flue gas treatment are some acceleration innovative industries whose adoption is steadily increasing. between maturity Innovative areas are biofuels and aviation biofuels, which are now well established in industry.
An innovative S-curve for environmental sustainability in the oil and gas industry
Natural gas CO2 drop is the main innovative field environmental sustainability
CO2 mainly captured before entering the atmosphere. This can be done both in the pre-combustion period and in the post-combustion period. Another method is CO capture2 from the oxy-combustion process.
GlobalData’s analysis also reveals the companies at the forefront of each innovative area and assesses the potential reach and impact of their patenting activities in different applications and geographies. According to GlobalData, there are more than 40 companies engaged in the production and use of natural gas CO, including technology providers, established oil and gas companies and future start-ups.2 drop.
Major players natural gas CO2 drop – continuous innovation in the industry oil and gas industry
“Application diversity” measures the number of different applications identified for each relevant patent and broadly divides companies into “niche” or “diversified” innovators.
“Geographic reach” refers to the number of different countries in which each relevant patent is registered and indicates the range of geographic application, ranging from “global” to “local”.
ExxonMobil, a leading patent issuer, has successfully captured 120 million metric tons of carbon dioxide. The company is also collaborating with the University of California to design and develop a new metal-organic framework material for CO.2 drop.
Air Liquide Engineering and Construction, another major patentee, uses a low-temperature cryocap to reduce CO.2 increases emissions by 90% and also increases hydrogen production by 20% during hydrogen production.
Honeywell International is using its technology to capture 1.65 million tons of carbon dioxide2 produces clean hydrogen energy simultaneously from the gasification plant every year.
CO2 capture is becoming increasingly necessary for many oil and gas companies as they seek to reduce emissions from their operations. New innovations and technologies in CO2 capture helps companies reduce hazardous emissions and mitigate climate change.
Access GlobalData’s latest Thematic Research Report on 20 Oil & Gas Topics 2022 for a deeper understanding of the key themes and technologies disrupting the oil and gas industry.
Subscribe to our newsletter
Get industry-leading news, data and analysis delivered to your inbox
Subscription
[ad_2]
Source link
