Methane Gas Abatement Technologies
Methane Gas – What Is It & Why Are We Concerned About It?
Why are we concerned about it? If methane leaks into the air before being used — from a leaky pipe, for instance — it absorbs the sun's heat, warming the atmosphere. For this reason, it's considered a greenhouse gas, like carbon dioxide. Because methane is so potent, and because we have solutions that reduce emissions, addressing methane is the fastest, most effective way to slow the rate of warming now.
Methane is classified as a "Short-lived climate pollutant", which the Climate and Clean Air Coalition (CCAC) defines as having “global warming potentials many times that of carbon dioxide” and that they “significantly impact food, water and economic security for large populations throughout the world, both directly through their negative effects on public health, agriculture and ecosystems, and indirectly through their impact on the climate.”
The U.S. Energy Information Agency (EIA) states that methane has 86 times the global warming potential of CO2 in the first 20 years after it is emitted. It is crucial to reduce emissions of methane now because of its potentially critical impact on the climate over the next 10 to 20 years. While natural gas can be a bridge to a very low carbon future, managing methane gas emissions in the meantime is crucial.
A paper published in Science Magazine, the American Association for the Advancement of Science, estimates that 7.1 million metric tons of methane emissions arise from leaks and improper venting. This is the area of concern that we at ME2C are addressing. This volume of methane is equivalent to the climate impacts of 160 coal-fired power plants.
Commercial Opportunity for ME2C
ME2C are proven experts in developing highly efficient technologies to mitigate emissions produced by power generation. We have exhibited proven expertise and know-how through our innovative development of technologies through the capture of mercury in coal-fired boilers. We are confident that our strong capacity in this area will bode well for our efforts to address methane gas emissions from the oil and gas industry.
The market size for the management of methane gas emissions in the United States is sizable and growing. The market size of CO2 emissions control as a market value of $60/metric ton positions the value of methane gas abatement at approximately $10 billion annually in the U.S. alone.
ME2C is diligently developing methane abatement technologies at this time and we look forward to bringing our results to the market and investment community as we move forward. We believe that our commitment to the environment and our business-first approach will solidify our success in supporting the oil and gas industries with methane gas emissions capture technologies. We look forward to working with these industries to commercialize our innovative, highly efficient emissions solutions.