Putting CO2 back into the ground - profitably
It is March 2017 and Mexico One (M1), our project in the states of Campeche and Tabasco, is entering its next phase. Pemex has issued a Request for Information. We are looking for partners to build the right consortium (incl. ASU, NRU, pipelines).
TriGen creates projects that generate emission free power from (low quality) fossil fuels, using proprietary oxy-fuel combustion technology.
This ‘rocket’ technology has been developed and refined over a 15 year period, with an investment of $150 million. The application of this oxy-fuel solution to Oil and Gas, and Power industries, however, is novel.
TriGen has developed know-how and experience in the technical and commercial design of TriGen projects. TriGen uses special oxy-fuel burners, that can handle low quality fuels with up to to 80% CO2.
The technology is ready for deployment and yields profitable projects at oil prices of 45 $/bbl.
TriGen Energy can develop projects on a ‘no cure no pay’ basis in return for a future share of project value. It plans to develop 15 global projects in 5 years and invest in further technology enhancements to broaden the market.
After having carried out 12 market and feasibility studies over the last 7 years, we can show that there is a market of 75 projects, using current technology. Further efficiency and cost improvements could expand this market to over 1000 projects.