LYNGBY, Denmark – Maersk Drilling plans to invest $1 million in California-based Clean Energy Systems to help develop a new technology named Carbon-Negative Energy.
The concept, derived from a process developed for the aerospace industry, should lead to net-negative carbon emissions, assisting Maersk Drilling’s drive toward carbon-neutral drilling.
According to the company, a full-scale deployment of the new concept will produce renewable fuel and power, simultaneously removing greenhouse gases from the atmosphere. Net negative carbon emissions could then be converted into carbon credits.
Under the agreement, Maersk Drilling has an option to offset the emissions resulting from drilling for its customers or for the company itself.
The Carbon-Negative Energy concept involves use of biomass waste as fuel to produce syngas, from which renewable natural gas and hydrogen is separated for sale.
Resulting hydrogen-depleted syngas would be used to produce electricity with full capture of associated carbon dioxide (CO2) emissions. And by using fuel that consumes CO2 over its lifetime, in combination with safe and permanent CO2 storage, Maersk Drilling said, the process results in net-negative emissions, effectively removing CO2 from the atmosphere.