Dana Gas said it made a strategic investment in a pioneering decarbonisation project in partnership with Levidian, a British climate tech business.
The move is in line with its commitment to investing in next-generation innovation and supporting sustainable energy solutions, while unlocking new revenue streams for the company, Dana Gas said.
The project will use advanced microwave plasma technology to capture carbon from methane that would otherwise be flared to produce up to 1.5 tonnes of high-quality graphene and hydrogen per year.
The new technology will play a critical role in Dana Gas’ commitment to achieve near-zero methane emissions from operated oil and gas assets by 2030, the company said.
The project will allow the Sharjah-based company to demonstrate the technology’s capabilities and explore broader commercial applications for graphene – a high-value versatile material that is set to shape the future of multiple industrial applications – from batteries and tyres to concrete and polymer pipes.
By adopting this innovative technology, Dana Gas aims to secure a first-mover advantage and unlock new commercial opportunities, including sourcing customers for graphene offtake in partnership with Levidian.
The installation of the pilot unit will allow Dana Gas to test and refine the capability for graphene production at its facilities, with the potential to install industrial scale units that will each be capable of producing over 15 tonnes of graphene per annum.
Richard Hall, CEO of Dana Gas, said the project represents an important step for Dana Gas as the company continues to explore the adoption of technologies that support a lower-carbon future.
“By converting methane into valuable products like graphene and hydrogen, we are reducing our emissions, unlocking new value from natural gas, and driving sustainable growth,” he said.
John Hartley, CEO of Levidian, said: “We’re delighted to be working with Dana Gas on this important project, which will demonstrate the significant potential of our LOOP technology to help carbon intensive sectors to drive down emissions while unlocking a future of lower-carbon products that perform better in every way.”
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