Major Korean company seeks to use the eXEROTM Technology Platform H2Gen mode to convert natural gas to high-purity, ultra-low carbon intensity hydrogen
HOUSTON, TX – October 13, 2023 – Utility Global, the only decarbonization technology company pioneering the eXEROTM technology platform optimized for hard-to-abate industry sectors, today announced that a leading Korean natural gas supplier signed a letter of intent to partner on developing a new line of hydrogen production for the company. The letter of intent (LOI) focused on exploring a better system for producing ultra-low carbon intensity hydrogen to mitigate the business issues and inefficiencies of carbon capture specific to Korea. The partnership will also include a potential pilot plant in the Republic of Korea.
As with other H2GenTM mode partnerships, the new company and Utility Global will collaborate on engineering for productization of Utility Global’s H2Gen mode. This collaboration will specifically focus on natural gas to hydrogen applications. The natural gas supplier had previously investigated hydrogen production options, including blue and green hydrogen technologies, but determined other available options to be either inefficient in production or too carbon intensive. Utility Global’s technology was chosen due to its unique ability to produce ultra-low carbon intense hydrogen without the need for electricity in the reactor process.
The H2Gen modes reactor units are modular and highly customizable, designed to work with a myriad of different applications from steel manufacturing to petrochemical production to natural gas. Implementation of the platform is also extremely fast, taking only a matter of months as compared to most hydrogen production technologies that require upwards of two years. Due to the platform’s removal of both the need for renewable electricity and the complexity of existing hydrocarbon processes (while combining the benefits of both), it completely changes the economics and logistics of highly sustainable hydrogen.