Page 12 - NorthAmOil Week 44 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

Since July of 2022, Carbon Assessors has self-contained 20 or 40-foot ISO containers successfully executed a large natural gas sales
been collecting transaction data from market and can be pre-assembled in a semi-serial agreement to provide gold standard certified
participants and is now confident in the production and shipped for installation to natural gas to a major US natural gas utility
liquidity supporting the monthly spot price. the flaring site. The process provides clean company.
Current customers of the price assessment hydrogen bound in liquid organic hydrogen The agreement represents a milestone
range from hedge funds to large integrated oil carriers (LOHC). LOHC are organic contract for the United Nations’ Oil and
and gas operations. With the TIER market set compounds that can absorb and release Gas Methane Partnership 2.0 (OGMP 2.0)
to become more stringent in 2023, Canada’s hydrogen through chemical reactions. LOHCs certified gold standard natural gas, which
largest carbon market will continue to play can therefore be used as a storage medium for recognises the need for a cleaner produced
an important role in facilitating industrial hydrogen. natural gas product in the marketplace.
decarbonization efforts. The only by-product of the process is In 2020 Jonah Energy became the first US
Logan Downing, Carbon Assessors’ solid carbon black that can be shipped for operator to sign onto OGMP 2.0 and in 2021
CEO, commented: “The introduction of an export to any place in the world using ISO was the first U.S. operator to achieve OGMP’s
independent, third-party price assessment container tanks. Carbon black is mainly used gold standard rating for low emissions and
will help participants transact, manage risk, to strengthen rubber in tires. But it can also maintained the rating in 2022. The OGMP
and invest in new decarbonisation projects. act as a pigment, UV stabiliser, conductive 2.0 certification process is based on the only
Our goal is to help the TIER marketplace or insulating agent in various rubber, plastic, comprehensive, measurement-based reporting
grow into a mature and reliable system. coating applications, and other everyday use, framework for the oil and gas industry that
We advocate for a made in Alberta carbon including hoses, conveyor belts, shoes, and improves the accuracy and transparency of
market that efficiently and responsibly prices printing. methane emissions reporting.
in the external cost of emitting CO2e. The The H2-Industries process captures clean The one-year agreement is for 50,000
world needs low-carbon Canadian natural carbon black, not produced from fossil fuels, mmBtu/day and is priced at a premium to the
resources.” but from harmful production emissions with applicable market index.
CARBON ASSESSORS, November 03, 2022 no additional CO2 emissions. This carbon “Natural gas is a critical element of the
black can be sold on the world market, where future clean energy needs of the US and the
Breakthrough technology the current prices are between $1.5 and $2.5 globe, but the market needs validation of
per kg.
responsible practices across the supply chain.
converts flaring gas into Agency (IEA), the time is ripe for tapping We are pleased to enter into an agreement
According to the International Energy
with a major utility that recognises the
clean hydrogen into hydrogen’s much-vaunted potential benefit of a differentiated product produced
with quantified low emissions and industry-
contribution to a sustainable energy system.
Gas flaring is now recognised as a major Hydrogen can be used in many more leading conservation practices. Consumers
contributor to the emission of harmful applications than those common today. By are asking for cleaner energy supported by
gases affecting climate change and society using H2-Industries technology, harmful transparent reporting and stringent emissions
by creating increased incidences of cancer emissions from gas flaring can be avoided and management, and we are responding,” said
in communities close to flaring sites. The turned into valuable and much-needed green Tom Hart, Jonah Energy’s president and CEO.
pollutants emitted are highly harmful to hydrogen to increase the pace of the energy The International Methane Emissions
humans, according to a recent report by the transition. Observatory (IMEO) is the independent
BBC, and to the environment. H2-Industries H2-INDUSTRIES, November 01, 2022 auditor of the OGMP 2.0 standards.
has developed a solution to convert these Jonah Energy is one of two oil and gas
environmentally harmful flaring gases right Jonah Energy completes representatives on the Advisory Council to the
at the flare of an oil production field to clean IMEO, representing all OGMP 2.0 members
hydrogen and solid carbon. The company responsibly produced gas worldwide.
uses pyrolysis technology to convert this JONAH ENERGY, November 02, 2022
environmentally harmful waste product into transaction
clean hydrogen. The hydrogen production
process from flaring gas is CO2-emission free. Jonah Energy, one of the leading sustainable
The technology will be delivered in natural gas producers in the US, has

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