Ironveld establishes partnership with BurnStar Technologies over turquoise hydrogen; BurnStar technology planned for processing LNG on-site
According to a recently posted article in Mining Weekly
The key elements of the recent agreement between Ironveld Energy Limited and BurnStar Technologies Limited are:
- Partnership: Ironveld Energy Limited, a subsidiary of Ironveld plc, has signed a Letter of Intent (LOI) with BurnStar Technologies Limited to proceed towards a binding Legal Agreement.
- Technology: BurnStar will implement its patent-pending ‘Guilt-Free Hydrogen’ technology to process Liquefied Natural Gas (LNG) on-site at Ironveld’s Rustenburg smelter.
- Hydrogen Production: BurnStar will produce “Turquoise Hydrogen,” which stands apart from ‘grey’ and ‘blue’ hydrogen because no CO2 is produced during pyrolysis of the LNG.
Interest in turquoise hydrogen has surely gone up in recent years. Here are a few examples of the same from other companies around the world:
- Monolith, a Nebraska-based turquoise hydrogen developer and the first U.S. manufacturer to produce turquoise hydrogen on a commercial scale, raised $300 million in July 2022 from BlackRock, one of the world’s biggest investment firms.
- C-Zero, a startup backed by Bill Gates’ clean-energy fund, had plans to launch a turquoise hydrogen pilot project that will be capable of cutting CO2 emissions. C-Zero has already raised $11.5 million in a funding round co-led by Breakthrough Energy Ventures and Eni SpA to support the development and construction of this pilot plant, and an additional $34 million investment from Engie, Trafigura, and SK Gas to build a larger turquoise hydrogen pilot plant in the US.
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