Cedigaz News Reports

 

17/05/2022
UK hydrogen technology specialist Levidian secures £700m UAE export deal.

Deal agreed with new firm Zero Carbon Ventures, which aims to bring green tech to the Middle East. British clean-tech firm Levidian has signed an export deal to supply the United Arab Emirates with 500 of its pioneering gas decarbonisation systems, which promise to cut half a million tonnes of CO2e from the Gulf state's emissions.

The deal, worth £700m, has been agreed in partnership with operator Zero Carbon Ventures, a company specifically created to help bring new carbon-reducing technologies to the Middle East.

Levidian says its LOOP devices can cut emissions from gas by 40 per cent instantly by using plasma technology to separate methane into its constituent atoms: carbon, which is locked into graphene, and hydrogen, which can either be used immediately or stored for future use.

"Zero Carbon Ventures' mission is to scour the globe to find world-class carbon reducing innovations that can make a hugely positive impact in the Middle East," said Zero Carbon Ventures CEO Martin Reynolds. "There's no doubt that Levidian's game-changing LOOP devices will do just that, producing both green hydrogen and high-quality graphene, right here in the UAE. Both products in turn will have a positive impact on many industrial processes. We can't wait to get started."

The deal will see 500 of Levidian's devices deployed to slash emissions at sites across the UAE over the next 10 years, with customers ranging from major oil and gas companies to government agencies. The first Levidian LOOP delivered through the deal will be used at a site in Abu Dhabi owned by oil and gas giant IDC.

"LOOP is at its most powerful when decarbonising waste gas to generate hydrogen and graphene," said Levidian CEO John Hartley. "Methane is the most potent greenhouse gas and Levidian's mission is to turn this gas into a powerful tool for decarbonisation. We look forward to seeing Zero Carbon's network of LOOPs growing over the coming years."

LOOP has been designed to dock easily with existing infrastructure at any site in the world with a supply of natural gas and is currently being trialled by National Grid in the UK. (May 17, 2022)

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