The parties will collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR's non-combustion steam/CO2 reformation process of converting waste to renewable fuel.
Raven SR, a renewable fuels company, and Chart Industries today announced their agreement to collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR's non-combustion Steam/CO2 Reformation process of converting waste to renewable fuel.
Raven SR, which launched a capital raise earlier this year, produces transportation-grade hydrogen as well as Fischer-Tropsch synthetic fuels, including sustainable aviation fuel (SAF), using local waste as a feedstock, including green waste, municipal solid waste, organic waste, and methane from municipal solid waste or stranded natural gas wells. A byproduct of this process is captured CO2, which when liquefied is a commodity used for food and beverage production, fertilizer production, and other consumer applications. In addition, CO2 can be a feedstock for concrete or alternative fuels such as eFuels.
"By partnering with Chart Industries, Raven SR will be able to optimize our facilities' production of clean fuels, strengthening both project deployment and regional fuel supply," said Matt Murdock, CEO of Raven SR. "As we expand globally, it is essential for Raven SR to collaborate with a world leader in hydrogen and carbon dioxide storage and transportation in order to increase energy efficiency throughout the supply chain."
Chart Industries is a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets. Its unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair.
"We are excited to partner with Raven SR, a world leader in sustainable solutions, including waste to energy and transportation applications," stated Jill Evanko, Chart's CEO and president. "This collaboration brings two companies together that combined can offer a robust solution set of options for renewables customers as well as further progressing our customers' CO2 reduction goals."
The Raven SR technology is a non-combustion thermal, chemical reductive process that converts organic waste and landfill gas to hydrogen and Fischer-Tropsch synthetic fuels. Unlike other hydrogen production technologies, its Steam/CO2 Reformation does not require fresh water as a feedstock. The process is more efficient than conventional hydrogen production and can deliver fuel with low to negative carbon intensity. Additionally, Raven SR's goal is to generate as much of its own power onsite as possible to reduce reliance on the power grid and be independent of the grid. Its modular design provides a scalable means to locally produce renewable hydrogen and synthetic liquid fuels from local waste.