CO2 is a by-product of traditional power generation and contributes to the greenhouse effect. A lack of cost-effective CO2 supply is the single largest barrier to exploiting CO2 enhanced oil recovery (EOR) production for light and heavy oil.
Inventys utilizes a thermal swing adsorption gas separation process that removes CO2 from industrial flue gas streams using significantly less energy and requiring lower capital costs than competing systems.
Large oil and gas companies are prioritizing low cost CO2 capture as a strategic imperative. The capital efficiency offered through Inventys will make EOR and carbon sequestration economically viable while helping oil production and refining, gas processing and chemical companies reduce their environmental impact.
Inventys’ technology is projecting a capture cost of $15 per ton of CO2 (less than one fifth the cost of incumbent processes). In addition to this, the Inventys founding management and advisory teams are made up of recognized world leaders in the use of structured adsorbents for gas separation, including Dr. Steven Chu, a Nobel laureate and former US Secretary of Energy from 2009-2013. Together, they are responsible for more than 300 technical papers and an extensive list of patents in the field of adsorption and adsorption processes.
With the potential to enable the production of billions of barrels of stranded oil reserves within North America alone, Inventys’ technology could be a game changer for the oil and gas industry. In the long term, Inventys could pave the way towards carbon-neutral power generation.