Zeotech’s plan to turn CO2 into renewable energy just got a major boost
Link copied to
Zeotech is moving to fast-track development of a carbon utilisation process that uses zeolites produced using its proprietary processing technology as catalysts.
The company has been accepted as an industry partner into the Australian Research Council
Industrial Transformation Training Centre for the Global Hydrogen Economy (GlobH2E), led by the University of New South Wales and seeking to develop technologies and supporting innovations to aid the world’s transition to renewable energy.
Along with its research partner The University of Queensland, Zeotech (ASX:ZEO) aims to develop a sustainable hydrogenation process for converting captured CO₂ and green hydrogen into syngas and value-added hydrocarbon fuels such as methanol.
“I’m excited at the opportunity to be working with Zeotech in developing metal-doped zeolite catalysts capable of utilising carbon dioxide and hydrogen to produce value-add products,” UQ School of Chemical Engineering’s Dr Hong Peng said.
He added that UQ’s work with Zeotech aims to develop a carbon utilisation solution that can form part of a portfolio approach of technologies aimed at achieving Australia’s emissions reductions target by 2030 and net-zero by 2050.
Zeotech managing director Peter Zardo added “the company’s entry as an industry partner in the GlobH2E Training Centre offers funding support and the opportunity to apply the company’s proprietary mineral processing technology in developing a sustainable and circular approach to reducing carbon emissions.”
The process aims to develop a sustainable process for converting captured CO2 into syngas and value-added hydrocarbon fuels, which will help decarbonise traditionally hard to abate large sectors, such as transportation and industrial processes.
Storing energy from large-scale renewable energy projects using hydrogen, or hydrogen derivatives such as methanol, will also allow global economies to expand the reach of renewable power and repurpose it for other sectors.
The project will develop low-cost metal-based zeolite catalyst produced using its proprietary mineral processing technology.
Involvement as an industry partner in GlobH2E will offer Zeotech the opportunity to engage directly with hydrogen industry participants to aid commercialisation of the technology.
Carbon utilisation is an emerging technology which can contribute to the reduction of greenhouse gas emissions by using CO2 to manufacture value-add products, which will become increasingly important as we move towards a net zero environment.
Manufactured zeolites have a sponge-like structure that make them useful as catalysts or ultrafine filters.
This article was developed in collaboration with Zeotech, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.