DiagnaMed Partners with Texas Tech University on Groundbreaking Hydrogen Technology
Key Ideas
  • DiagnaMed collaborates with Texas Tech University to commercialize technology producing hydrogen from petroleum reservoirs and natural fields, aligning with low-cost hydrogen production goals by 2031.
  • The innovative technology aims to transform the energy sector by reducing costs, carbon footprints, and enhancing energy efficiency through reusing existing oil and gas infrastructure.
  • Global hydrogen demand is projected to grow significantly, positioning DiagnaMed at the forefront of the clean energy revolution with its pioneering hydrogen-producing technology.
  • The partnership focuses on driving the transition to a low-carbon economy by enabling petroleum companies and natural hydrogen explorers to unlock untapped potential and deliver cost-effective, carbon-zero hydrogen.
DiagnaMed Holdings Corp. in Toronto proudly announces a partnership with Texas Tech University to commercialize a groundbreaking technology for producing hydrogen directly from petroleum reservoirs and natural hydrogen fields. The technology, developed by Dr. Qingwang Yuan, integrates hydraulic fracturing with electromagnetic wave heating to generate hydrogen from various sources, aligning with the U.S. Department of Energy's low-cost hydrogen production goals. With potential production costs as low as $0.86 per kilogram, the method offers a sustainable alternative to conventional methods and aims to reduce costs and carbon footprints. Fabio Chianelli, Chairman and CEO of DiagnaMed, emphasizes the significant milestone this collaboration represents in driving innovation in hydrogen production. The technology aims to transform the energy sector by enhancing energy efficiency and reducing costs and carbon footprints, ultimately supporting the transition to a low-carbon economy. As global hydrogen demand surges, with the market projected to grow significantly, the partnership positions DiagnaMed at the forefront of the clean energy revolution. DiagnaMed's focus on enabling petroleum companies and natural hydrogen explorers to unlock untapped potential and deliver cost-effective, carbon-zero hydrogen underscores its commitment to sustainability and clean energy. By repurposing abandoned wells and transforming active oil and gas fields globally, the company aims to meet clean energy demands while reducing greenhouse gas emissions. The partnership with Texas Tech University signifies a transformative opportunity for the energy sector, offering a competitive advantage to hydrogen producers and driving the transformation of the energy landscape.
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