Diagnamed and Terravent Announce Strategic Collaboration for Next-Generation Clean Hydrogen Production
DiagnaMed Holdings Corp. announced a strategic collaboration with TerraVent Environmental Inc. This partnership will advance the evaluation and integration of two ground-breaking hydrogen production technologies with TerraVent’s proprietary Heatwave®? electromagnetic thermal tools in both petroleum reservoirs and geologic hydrogen producing geologies.
Together, this collaboration will produce low-cost, carbon-zero hydrogen, revolutionizing traditional methods and significantly reducing greenhouse gas emissions. This strategic alliance underscores DiagnaMed’s commitment to commercializing its breakthrough hydrogen production processes. The first technology, pioneered by Dr. Qingwang Yuan of the HOPE Group at Texas Tech University, is an innovative method combining hydraulic fracturing with electromagnetic heating to efficiently extract hydrogen from light oil, gas, and shale reservoirs.
By repurposing existing oil and gas infrastructure, including over 25,000 active oil and gas fields globally and the 2-3 million abandoned wells in the United States, this technology can be implemented far more quickly than technologies still in the ideation stage, positioning DiagnaMed at the forefront of the clean hydrogen revolution. With projected hydrogen production costs as low as $0.86 per kilogram, these technologies align perfectly with the U.S. Department of Energy?s ?Hydrogen Shot? initiative to achieve $1/kg hydrogen by 2031.
The second, developed in-house at TerraVent, stimulates naturally occurring hydrogen generation (?White?, Natural?, or Geologic? Hydrogen) with small amounts of zero-Carbon ElectroMagnetic (?EM?) heat. TerraVent?s novel process, combined with their existing EM heating systems, increases the production of geologic hydrogen, bringing marginal production sites to full commercial viability.
Hydrogen production costs for enhancing natural production of Hydrogen are expected to be even lower than production from hydrocarbon reservoirs, close to half the $1/kg goal. This collaboration builds on DiagnaMed?s recent partnership with Québec Innovative Materials Corp. (CSE: QIMC, FSE: 7FJ, OTCQB: QIMCF) (?QIMC?) to implement its pioneering hydrogen extraction technology at QIMC?s St-Bruno-de-Guigues Hydrogen Project in Québec, which QIMC recently announced its test results that have exceeded expectations with one hydrogen concentration measurement reaching a high of 7119 parts per million (ppm) and plateauing at 2886 ppm and five other measurements above 550 ppm including one of over 2400 ppm, one of over 1000 ppm and one of over 900 ppm.
QIMC?s existing geologic hydrogen assets provide the perfect demonstration site of geologic hydrogen production, years earlier than the industry anticipated. Together, these partnerships solidify DiagnaMed?s role as a leader in advancing sustainable energy solutions.
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Diagnamed and Terravent Announce Strategic Collaboration for Next-Generation Clean Hydrogen Production, source
