From their website: " The technology group Wärtsilä has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned Finnish company specialising in the development of a pioneering technology for producing clean hydrogen and solid carbon from methane. The two companies will work together to enable cost-effective production of hydrogen from LNG onboard marine vessels. The concept design will be ready by mid 2023 and the prototype testing unit will be ready during the second half of 2024."
no word on the catalyst they are using, for hydrogen production the race is afoot! First come, with the lowest CAPEX and OPEX will be the winner. The Donkey did not understand there was competition as to ensure a failsafe risk mitigated reactor vessel contract would be key to keep the first mover advantage.
DOE (USA) have technology being developed up at the same principle as well, they are using a catalyst based on Iron / Aluminum oxide. But these aluminum impurities is something one doesn't want to have in steel production.
The carbon quality will be another important aspect for a profitable process. Lets hope the people at HZR will keep us informed about the reactor production in Italy.
HZR Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
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