CarbonMeta Technologies Inc (COWI)

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$COWI CarbonMeta Research Signs Patent Agreement With KAUST for Processing Methane into Hydrogen and Carbon

https://www.accesswire.com/714711/carbonmeta-research-signs-patent-agreement-with-kaust-for-processing-methane-into-hydrogen-and-carbon

OXFORD, ENGLAND / ACCESSWIRE / September 21, 2022 / CarbonMeta™ Research Ltd, a wholly owned subsidiary of CarbonMeta Technologies (OTC PINK:COWI), announced that it has signed a patent license agreement with King Abdul University of Science and Technology (KAUST) for methane catalytic decomposition to produce hydrogen fuel and high-value carbon products affordably and without CO2 pollutants.

Hydrogen has been identified as an affordable and clean solution for decarbonizing transportation, and the market production has been projected to grow from $160 billion in 2022 to $263 billion in 2027, at a CAGR of 10.5% (Markets and Markets, 2022).

Currently hydrogen is produced by processing natural gas which also creates CO2 by-products, and by electrolyzing water into hydrogen and oxygen. The present methods are energy intensive, and with hydrogen demand expected to increase further, there is an urgent need for the process to be more affordable and without CO2 pollutants.

By signing this agreement with KAUST, CarbonMeta Research Ltd. plans to work cooperatively with the organization to commercialize microwave catalysis of methane for the production of clean hydrogen fuel and high-value carbon products using custom-designed microwave reactors. This process complements the plastics microwave catalysis technology that CarbonMeta Research Ltd. is commercializing with the University of Oxford.

"We look forward to working with CarbonMeta Research to commercialize our microwave catalysis process and catalyst technologies to deliver clean hydrogen fuel and high-value carbon products from methane and liquid natural gas," said Sean Flanigan, Director of Technology Transfer Office from KAUST Innovation.

CarbonMeta Research Ltd. is also investigating potential joint-venture partnerships with natural gas exploration and production companies that have an interest in producing hydrogen fuel and high-value carbon products from natural gas cost effectively and without CO2 by-products

"Licensing this patent from KAUST is a first step to commercialising a breakthrough technology that has great potential worldwide", said Mohammed Khalil, Managing Director of CarbonMeta Research UK. "We believe that this microwave catalysis technology has the potential to deliver low-cost hydrogen through joint venture partnerships with natural gas production companies as well as biowaste companies that produce methane."