17 September 2014
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the pioneer of direct, solar conversion of CO2 to liquid fuels,
today announced that it has entered into
a memorandum of understanding (MoU) with
DNV GL, a leading provider of technical assurance and
advisory services to the energy industry.
The next step will be to
define the specific areas of collaboration that
will accelerate the global production of CO2-neutral fuels.
As described in
the recent Deep Decarbonization Pathways Project (DDPP) report*,
existing technologies alone will not be sufficient to
achieve a reduction in CO2 emissions to
halt climate change beyond dangerous levels.
The commercial readiness of emerging low-carbon technologies
must therefore be accelerated, in part by
securing the technical validation that
will ensure acceptance by host nations and their regulatory entities.
Joule’s work with DNV GL will deliver this technical assurance
and also bring attention to
the company’s advanced stage of development,
leading to faster deployment.
Through the terms of the MoU,
DNV GL will provide technology qualification and verification services,
including assessments from a commercial perspective
to facilitate Joule’s global deployment.
Joule will also benefit from advisory services in the areas of
* value chain creation,
* risk mitigation,
* process modeling for specific plant locations, and
blending and transport of Joule’s fuel products.
Paul Snaith,
President and CEO of Joule.
“This relationship will support and
strengthen the readiness of our technology for
large-scale commercial roll out, and we are very pleased
to work alongside a world-class expert like DNV GL,”
“This MoU is an important step in Joule aligning with
a small number of specialist partners
to transition the company rapidly
from demonstration to industrialization.
We look forward to taking the next steps with DNV GL.”
Dr. Narasi Sridhar,
Program Director in DNV GL Strategic Research & Innovation
“We welcome the opportunity to work with Joule,
whose technology perfectly aligns with our own vision
to have global impact for a safe and sustainable future,”
“We are looking forward to learning more about
Joule’s technology and full scale facilities.
We believe that Joule’s CO2-to-fuels conversion process
may have the potential to
meet the vital global needs of large scale
carbon dioxide utilization and sustainable fuel supply.”
WWW.CHEMWINFO.COM BY KHUN PHICHAI
