- Zero Carbon Ventures signs exclusive deal to bring Levidian’s LOOP technology to the UAE
- LOOP can turn waste Methane into green hydrogen and graphene – vastly reducing the climate changing impact of the oil and gas industries
- Zero Carbon Ventures partners with major waste management, oil and gas companies and government agencies to deploy at least 500 LOOP50 devices in the region over the next five years
- A single LOOP device saves at least 100 tonnes of carbon equivalent every year
Abu Dhabi, United Arab Emirates 18 May 2022: Zero Carbon Ventures, dedicated to bringing carbon-reducing technologies to the Middle East, has completed a major deal with British climate tech experts Levidian Nanosystems. The two companies are today announcing a joint agreement to deploy Levidian’s game-changing LOOP device, across the UAE.
LOOP is a patented rapid decarbonisation device, designed to accelerate the world’s transition to Net Zero. It can crack methane, a major climate warming gas and a by-product of oil and gas extraction, into two highly marketable and useful industrial products: hydrogen and green graphene.
Zero Carbon Ventures has committed to deploying 500 LOOP50 systems over the next five years. With a focus on decarbonising waste gas on landfill and gas flaring sites, they have already partnered with waste management and oil and gas companies, as well as government agencies across the United Arab Emirates. They will also deploy the first Levidian LOOP10 system at a site in Abu Dhabi.
A single LOOP50 device utilising waste gas reduces CO2 equivalent (CO2e) by 100 tonnes per year. Over the course of Zero Carbon’s 10-year agreement with Levidian, LOOP devices will remove half a million tonnes of CO2e.
Martin Reynolds, Zero Carbon Ventures CEO “Zero Carbon Ventures’ mission is to scour the globe to find world-class carbon-reducing innovations that can make a hugely positive impact in the Middle East. There’s no doubt that Levidian’s game-changing LOOP devices will do just that, producing both green hydrogen and high-quality graphene, right here in the UAE. Both products in turn will have a positive impact on many industrial processes. This is our first major deal that will have a real impact on our region, but it will be the first of many. We can’t wait to get started.”
John Hartley, Levidian CEO “It is very exciting to see our first LOOP device deployed in the UAE. LOOP is at its most powerful when decarbonising waste gas to generate hydrogen and graphene. Methane is the most potent greenhouse gas and Levidian’s mission is to turn this gas into a powerful tool for decarbonisation. We look forward to seeing Zero Carbon’s network of LOOPs growing over the coming years.”
Zero Carbon Ventures is a newly formed business, headquartered in Abu Dhabi. It is formed of globally renowned commercial and technology experts with a mission to support decarbonizing technologies in the Middle East, often with no disruption to production or the need to make additional infrastructure investments. It is currently working with overseas researchers and start-ups specializing in carbon-reducing technologies and plans to announce more new initiatives for the region in the coming months.
About Zero Carbon Ventures
Zero Carbon Ventures is a dynamic team of globally renowned multi-sector business and technology experts, headquartered at Abu Dhabi’s Masdar City. Its mission is to bring world-beating carbon-reducing technologies to the Middle East.
Zero Carbon’s team scours the world to find innovations that can be nurtured, scaled up and deployed to create impactful propositions for the region. It works closely with its partners giving them investment, commercial know-how, and vital connections to Middle Eastern companies to create immediate and long-lasting benefits to all.
LOOP devices are named for their approximate annual CO2e reduction potential. A LOOP50, for example, reduces CO2e by 50 tonnes per year. This amount of CO2e is doubled in applications where the input gas is from a waste source, such as on oil & gas well sites (a LOOP50 using waste gas would reduce CO2e by 100 tonnes per year). LOOPs can be deployed in standard shipping containers or into permanent infrastructure as single units or larger arrays. Levidian is currently scaling up LOOP technology to deploy LOOP1000+.
The device uses a patented low temperature, low pressure process to crack methane into its constituent atoms, hydrogen, and carbon, without the need for catalysts or additives. The carbon is locked into high-quality graphene and the hydrogen can either be used as a hydrogen-rich blend or separated and stored for use in its pure form.
About Levidian Nanosystems
Founded in 2012, Levidian is a British climate tech business whose patented LOOP technology cracks methane into hydrogen and carbon, locking the carbon into high-quality green graphene. Our world-leading Technology Centre in Cambridge also offers R&D consultancy to companies in the development of graphene-enhanced products.
Levidian’s vision is a decarbonised world powered by hydrogen and built on graphene.