The oil and gas industry continues to be a hotbed of patent innovation. Activity is driven by improving productivity, cost-effectiveness, and energy efficiency, and growing importance of technologies such as biogas carbon capture, green hydrogen synthesis and biofuel catalytic cracking. In the last three years alone, there have been over 523,000 patents filed and granted in the oil and gas industry, according to GlobalData’s report on Environment sustainability in oil & gas: Biogas carbon capturing. Buy the report here.
According to GlobalData’s Technology Foresights, which uses over 196,000 patents to analyze innovation intensity for the oil & gas industry, there are 60+ innovation areas that will shape the future of the industry.
Biogas carbon capturing is a key innovation area in environmental sustainability
There are various ways to capture CO2 depending on how biogas is used. For instance, incorporating CO2 capture from a biogas plant that generates electricity and heat.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 90+ companies, spanning technology vendors, established oil & gas companies, and up-and-coming start-ups engaged in the development and application of biogas carbon capturing.
Key players in biogas carbon capturing – a disruptive innovation in the oil & gas industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to biogas carbon capturing
Source: GlobalData Patent Analytics
Air Liquide has its proprietary Cryocap™ technology for carbon capture from any type of industry such as refining, cement and steel. Cryocap™ essentially uses cryogenic technology to separate gases at low temperatures. The captured gas can be stored underground or can be used for other purposes such as Enhanced Oil Recovery.
BASF offers unique technologies for carbon capture across various industries. The company has partnered with JGC to offer a highly pressurised gas treatment technology that facilitates carbon capture and storage. The company markets the technology under the HiPACT brand name.
BASF also offers "OASE blue" technology, which essentially involves post-combustion capture (PCC) for diverse industries. The features of the technology include flexible operating range, low solvent losses, and minimal energy consumption.
To further understand the key themes and technologies disrupting the oil & gas industry, access GlobalData’s latest thematic research report on ESG (Environmental, Social, and Governance) in Oil and Gas.