Damian explains that 8 Rivers was founded in 2008 with the goal of delivering clean energy by improving hydrocarbon-based systems and focusing on carbon capture and direct air capture technologies. His role involves finding investment opportunities and strategic partners for the company.
The conversation shifts to 8 Rivers' remarkable carbon capture rate of over 99%. Damian credits their 8RH2 system, which keeps CO2 contained unless deliberately released, allowing for high capture rates at low costs. Tyler inquires if CO2 ever needs to be intentionally released, and Damian explains that a certain amount must be extracted to maintain system balance and is then sequestered underground.
Damian further details the workings of the 8RH2 technology, which begins with oxy combustion of natural gas and includes various processes resulting in the production of pure H2 and CO2 for sequestration.
The discussion transitions to the Cormorant Clean Energy Project, where the 8RH2 technology is used to produce H2 for ammonia creation, which can serve as a zero-carbon fuel. Damian points out the benefits of ammonia as a zero-carbon fuel, especially in comparison to H2 and methanol, emphasizing ammonia's practicality for transport due to its higher energy density.