Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- Stranded Solutions is commercializing a patented chemical process that is an industry first combining two well-known technologies to combat GHG emissions and increase oil and natural gas producers’ profits. One technology is the process of direct partial oxidation which combines natural gas with oxygen at elevated temperature and pressure to produce methanol. The other technology is a fluidized bed reactor which is a chamber in which the reaction occurs and that manages temperature and pressure to increase efficiency. Methanol is a $42+ billion market expected to increase 5-fold by 2050.
Stranded Solutions’ patented methane-to-methanol conversion technology can be scaled down to 1/100th the size of typical methanol plants, a solution that accommodates diverse types of smaller and non-traditional gas resources such as associated gas flared from oil wells.
Comments from a natural gas producer’s CEO and prospective customer:
“Stranded Solutions uses the earlier simpler direct reaction process of “partial oxidization” (burning). This is less efficient but less capital intensive. The potential low capital cost of Stranded Solutions’ process may become a “game changer” in upgrading natural gas in-field to higher value products.”
Links