Carbon Sciences Inc. reported that the company is highly focused on completing the development of its steam reforming catalyst for the $150 billion hydrogen market. The company estimates that it can save the exiting natural gas-to-hydrogen industry approximately $6 billion per year.
Steam reforming of natural gas is the primary method for producing over $150 billion per year of hydrogen for use as a critical reactant in fuel and chemical processes and in making the world's fertilizers. There are approximately 2,000 steam methane reforming (SMR) plants around the world using older generation catalysts that require a high steam to natural gas ratio. Carbon Sciences novel catalyst will allow plant operators to reduce the steam to natural gas ratio. Less steam used means more natural gas is processed in a greener and cleaner solution that saves energy costs, increases profits and reduces CO2 emissions.