GreatPoint Energy produces clean, low cost natural gas from coal, petroleum coke, and biomass utilizing its bluegas™ catalytic hydromethanation process.
Bluegas™ operates at significantly higher efficiency than competing technologies and benefits from lower capital intensity, a superior environmental footprint, nearly complete carbon capture, and ultimately a much lower cost of production. The natural gas produced is far less expensive than liquefied natural gas (LNG) and can be transported through the existing pipeline infrastructure. It is interchangeable with drilled natural gas for all applications, including power generation, residential and commercial heating, and the production of chemicals.
GreatPoint Energy plans to develop, own and operate large-scale bluegas™ production facilities globally in conjunction with local partners. The Company will strategically locate its full-scale facilities in areas with the greatest price differential between delivered feedstock and natural gas markets. In addition, by-product carbon dioxide ("CO2"), which is inherently captured as part of the bluegas™ process, can be sequestered or used in enhanced oil recovery ("EOR") to dramatically improve production from depressurized oil fields around the world.
GreatPoint's bluegas™ process is based on 30+ years of research and development into the catalytic conversion of coal to methane. The company has independently produced critical advances in the areas of catalyst reactivity and recovery, process optimization and efficiency, feedstock diversity, and emissions reduction. The bluegas™ process is a best-in-class gasification technology that has been aggressively protected through trade secrets and 60+ patent positions covering multiple geographic regions.
The viability of this technology has been proven after thousands of hours of online operations at the Company's bench, pilot and demonstration facilities. Independent, top-tier engineering companies have verified the bluegas™ process as well as its commercial scale-up path. Additionally, the Company's reputable strategic investors and partners, including AES Corp, Dow Chemical, Peabody Energy and Suncor Energy, all completed rigorous technical due diligence prior to making their investments.