OGCI Climate Investments announces Venture Day “Towards Zero Methane Emissions”
Houston, Pratima Rangarajan, CEO of OGCI Climate Investments, announced at CERAWeek, that the company’s first Venture Day “Towards Zero Methane Emissions” would be held on Monday, June 25, 2018 in Washington DC.
OGCI Climate Investments is committing up to USD $20 million to invest in technologies and business ideas that have the potential to significantly reduce methane emissions across the energy value chain and that can be commercialised and deployed at scale.
OGCI Climate Investments and their venture partners are inviting companies with promising technologies and/or business models in the areas of methane detection, measurement and mitigation, along the energy value chain, to submit their ideas or funding proposals. Ten to fifteen companies will be selected to present at the Venture Day. Successful applicants will benefit from funding, technical expertise, and potential piloting and deployment opportunities.
Pratima Rangarajan, CEO of OGCI Climate Investments, said “Natural gas is an excellent source of power, heat and raw materials for everyday life. Any leaks across production, distribution and use will result in emissions of methane, a key greenhouse gas that causes climate change. We are committed to stopping the leaks and moving toward zero methane emissions. Join us with technologies and solutions”.
Methane emissions reduction is one of OGCI Climate Investments’ focus areas in addition to carbon capture, utilisation and storage, energy efficiency and transport efficiency.
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.
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