Tech News Summary:
- Global engineering and manufacturing company Chart Industries has expanded its partnership with Calgary-based clean technology firm Kahairos to include the use of Chart’s Orca delivery systems and MicroBulk tanks to reduce methane emissions from wellsite operations.
- The companies have already received positive market feedback on their combined solution, resulting in several industry-leading companies adopting it at scale. To date, it has mitigated 21.69 million standard cubic feet of methane emissions and eliminated over 20,000 metric tons of CO2-equivalent emissions.
- The partnership expansion will enable Kahairos to meet the methane reduction targets of oil and gas companies, who are seeking solutions ahead of pending methane regulations. Chart Industries is committed to environmental, social, and corporate governance issues, while Kahairos aims to eliminate methane emissions from remote well sites in Canada and the US.
Chart Industries, a leading global manufacturer of cryogenic equipment and systems, and Kathairos, a startup company developing cutting-edge technologies to tackle climate change, have teamed up to address one of the biggest culprits of greenhouse gas emissions: methane.
The new partnership combines Chart’s expertise in cryogenics with Kathairos’ innovative methane capture and utilization technology. This collaboration promises to reduce the industrial sector’s carbon footprint by capturing methane from sources such as landfills and wastewater treatment plants and converting it into usable chemicals, fuels, and other products.
According to the Environmental Protection Agency (EPA), methane is a potent greenhouse gas that has a global warming potential 28 times greater than carbon dioxide over a 100-year time frame. Methane emissions from human activities account for approximately 16% of total greenhouse gas emissions globally.
To address this problem, Kathairos has developed a technology that captures and purifies methane from sources that would have otherwise been released into the atmosphere. The purified methane can then be used to generate electricity or produce other valuable products, such as hydrogen and methanol.
Chart, on the other hand, brings to the table its know-how in cryogenic technology, which can be used to liquefy and store the captured methane, making it easier to transport and utilize.
Together, the two companies aim to create a closed-loop system for methane capture, purification, and utilization that can significantly reduce the carbon footprint of the industrial sector.
“Chart is excited to partner with Kathairos to offer a comprehensive environmental solution to our customers,” stated Jill Evanko, CEO and President of Chart Industries. “This game-changing partnership will enable us to help customers capture, utilize and monetize a previously underserved component of their waste streams.”
This new partnership marks a significant step forward in the fight against climate change and shows the power of collaboration between established industry leaders and innovative startups. As the world continues to work towards a more sustainable future, partnerships like this will prove vital to achieving our shared goal of reducing greenhouse gas emissions.