|Executive Summary:||TEXYN is developing patent-pending technology that will create low-cost hydrogen from coal, using a combined drilling/gasification method. Hardware is an underground coal gasifier. We will turn the gasifier inside out and bring gasifier to the coal. The result is lowest-cost path to industrial-scale hydrogen production and to carbon-free electricity. The defining characteristics are (1) simplicity, (2) low capital costs, and (3) the most benign environmental profile of any fossil fuel.
TEXYN technologies have strongest competitive advantage because can combine, and exceed, the best of both standard gasification and Underground Coal Gasification (UCG) practices. The disruptive nature is a result of “clean-sheet” electric mining tool as hybrid of best available technologies in gasification sectors.
Current “surface” hardware gasifiers are expensive. Current UCG practices are largely ineffective in creating high volumes of clean syngas. TEXYN’s underground gasifier is the first hardware-based solution for UCG, increasing depth, temperature, pressure, cleanliness, and capacity by 10X.
Secondary process creates zero-emission hydrogen, and CO2-rich EOR gas, making possible greater Enhanced Oil Recovery volumes. Process isn’t just “Carbon Capture Ready”; rather, was set up expressly for the immediate low-tech carbon capture, for ultimate sequestration.|
|Venture is:||Seed Level|