Companies in the oil & gas, power generation, and transportation industries are challenged to maintain profits while meeting increasingly stringent emissions, regulatory, and investment standards. These industries are looking to clean hydrogen as a solution. However, the transition to clean hydrogen is expensive.
Proteum Energy provides a low-cost solution. Historically, steam methane reformation (SMR) was the low-cost way to produce hydrogen—mostly with high carbon intensity. Our technology can produce low-carbon clean hydrogen at a bare cost that is competitive with SMR. However, we can do better. Since we produce hydrogen and CO2 at your plant, you may be able to participate in carbon capture investment tax credits ($35-$50/MT of CO2) and production tax credits.
Partnering with us also enables O&G producers and midstream to get into the hydrogen business. Leveraging existing assets and infrastructure, our partners can create new revenue sources in the energy transition to net-zero carbon emissions.
Proteum Energy’s technology is proven and ready to go. Our patented and proprietary steam non-methane reformation (SnMR™) technology has been developed over five years in concert with our engineering party Joule Processing. Our base technology was validated with a Certificate of Endorsement from DNV. Our initial unit has been proven in commercial operation where it operated without any safety incidents.
Having designed and proven the technology, our team is ready to design and install a system that meets your needs. Our base system can be designed to spec and installed in about fourteen months.
Improve ESG Scores
Clean hydrogen is a plank in the transition to a net-zero carbon energy future. Proteum Energy’s technology enables our partners to leverage existing assets to improve ESG (Environmental, Social, and Governance) scores to produce low-carbon clean hydrogen at their plant with rejected ethane.
Our steam non-methane reformation (SnMR™) process reforms heavy hydrocarbon natural gas liquids (NGLs) into clean hydrogen, lowering emissions of CO2, NOx, and greenhouse gases. Reducing emissions with low-carbon production is a top goal of ESG, and Proteum Energy’s process helps our partners achieve that.
Our modular hydrogen designer fuel (HDF) enables us to produce clean hydrogen close to feedstock and end-users. Locally sourced material and supply chain efficiencies are important ESG considerations and Proteum Energy’s distributed power strategy supports those goals.
Environmental, Social, and Governance (ESG)
Environmental, Social, and Corporate Governance (ESG) refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business. These criteria help to better determine the future financial performance of companies (return and risk). The threat of climate change and the depletion of resources has grown, so investors may choose to factor sustainability issues into their investment choices. The issues often represent externalities, such as influences on the functioning and revenues of the company that are not exclusively affected by market mechanisms. As with all areas of ESG, the breadth of possible concerns is vast (e.g. greenhouse gas emissions, biodiversity, waste management). Two of the chief areas of ESG related risk mitigation for potential Proteum EnergyTM investors are listed below:
• Climate change: The body of research providing evidence of global trends in climate change has led investors— pension funds, holders of insurance reserves—to begin to screen investments in terms of their impact on the perceived factors of climate change. Fossil fuel-reliant industries are less attractive. In the UK, investment policies were particularly affected by the conclusions of the Stern Review in 2006, a report commissioned by the British government to provide an economic analysis of the issues associated with climate change. Its conclusions began the ESG trend and pointed towards the necessity of including climate change considerations and environmental issues in all financial calculations and that the benefits of early action on climate change would outweigh its costs.
• Sustainability: In every area of the sustainability debate from the depletion of resources to the future of industries dependent upon diminishing raw materials, the question of the obsolescence of a company’s product or service is becoming central to the value ascribed to that company. The trend for this long-term view is becoming prevalent amongst investors.