Newgen Gas is a National University of Singapore Spin-off Company with a revolutionary natural gas storage technology. Our innovative process, Solidified Natural Gas (SNG), allows for safe, cost-effective and long term storage of natural gas. We store natural gas in the form of ice-like compounds, gas hydrates. SNG can store these hydrates at standard pressure and up to 0 oC. It eliminates the risks associated with cryogenic handling of liquefied natural gas (LNG at -163 oC) or high-pressure hazards of compressed natural gas (CNG at > 200 atmospheres). SNG’s capital cost is targeted at less than 50 % of the cost of comparable LNG storage tanks, current industrial benchmarks. Our potential customers are NG producers, Power Gencos, Distributors, Industrial users, and energy hub companies. We have demonstrated in a lab environment. We are currently seeking strategic and industrial partners for partnering pilot testing of our technology.
The largest scale demonstration undertaken for the natural gas hydrate process has been in Japan by a consortium of NEDO, Mitsui E&S and Chugoku Electric Power Co. with production capabilities up to 3-4 tonnes per day. The process yield was below 10% and the operating cost of the pilot was estimated to be above 6 $/MMBTU natural gas. Together with this, they also encountered engineering challenges due to their process design even though the entire project cost was >100 Million SGD.
Compared to the previous pilot, our process has demonstrated >80% yield thereby reducing the process requirements and operating cost to around 1 $/MMBTU natural gas. We have also learned from their engineering shortcomings to design our system avoiding the pitfalls enabling us to be in a favorable situation for project implementation.
We have secured the PCT application on the patent titled "the method and apparatus for forming natural gas hydrates".
International Patent Application No. PCT/SG2019/050596
Together with the patent, we have developed the technical know-how and the technology insights over the past 4 years on the project that provides us the required moat for maintaining the competitive edge.