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A Natural-Gas Billionaire Bets on Greener Fossil Fuel

Benoît Morenne of The Wall Street Journal reports on a billionaire’s push to produce greener fossil fuels.

The C3 Take
  • Danny Rice is the CEO of NET Power, a company that is looking to pull CO2 out of the natural gas production process. 
  • The technology works by burning natural gas and oxygen to produce electricity and essentially capturing and sequestering the byproduct CO2 before it can reach the atmosphere.
  • NET Power is demonstrating its carbon-free natural gas at a demonstration plant near Houston and is currently building a commercial power plant that it plans to bring online in 2027.

“NET Power’s patented process consists of burning natural gas along with oxygen to create heat and a mixture of pure CO2 and water that spins a turbine and creates power. Some of the CO2 is reused in the system and the rest is sequestered underground—which means that a plant using the technology will emit virtually no CO2, according to the company.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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