MagneGas submits next-gen gasification unit provisional patent application
TAMPA, Florida — MagneGas Corporation a clean technology company in the renewable resources and environmental solutions industries, announced that it has filed a provisional patent application on a next-generation gasification system.
The provisional patent application entails the use of a plasma arc in conjunction with certain fluids and powdered materials such as coal, plastics, and potentially the Company's primary feedstock, butanol. MagneGas has also used this new gasification technology as the basis to file for a Department of Energy (DOE) grant related to the Small-Scale Gasification Systems for Coal otherwise known as “Clean Coal.”
Typical implementation of the Clean Coal technology currently available in the market can require upwards of a multi-year, multi-billion dollar investment to produce hundreds of megawatts of electricity. Such Clean Coal technology employs large scale bespoke gasification units which transform coal into a synthetic gas, which is then burned to produce fewer total pollutants than burning coal directly. The DOE grant calls for the development of a one to five megawatt system which is modular and scalable with a much smaller footprint and capital investment than current Clean Coal systems.
While this specific DOE grant is focused on the gasification of coal, the Company believes the underlying technology will have other applications associated with solid fuels, solid wastes such as plastics and potentially liquids as well. The Company believes there may be additional opportunities to utilize this technology to gasify butanol directly, which could significantly improve the cost to mass produce MagneGas2. This development could enable MagneGas to further compete in the metal cutting fuel industry, and expand into a wider range of industrial fuel gases.
At CERAWeek by IHS Markit, held in Houston in March, IEA Director Fatih Birol said that the world would soon see a major second wave of shale gas production from the US in response to higher energy prices and growing demand from India and China.
Mozambique and Tanzania hold an estimated 180 Tft3 and 57 Tft3 of proven natural gas reserves, respectively.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT