Green House Gas Emissions

There are worldwide requirements to reduce greenhouse gas (GHG) emissions. This has led to an emissions reduction trading system that provides industry, governments and other organizations the opportunity to purchase and sell emission reductions. Companies will be taxed on their restricted amount of GHG emissions (or simply must buy an annual permit that allows them to release so many pounds of GHGs). If they need more permits, then they can buy more permits from other emitters.

If GHG emitters figure out how to cost effectively reduce their emissions then they can sell some of their permits to those that need them. There are two basic types of emission trading; allowance-based trading (regulatory environment) and emission reduction trading. In allowance-based trading, the trading instruments are the excess allowances the seller does not need to meet its permit requirements, In emission trading, the tradable instrument is the contract between two parties, one with high-cost emissions and one with low-cost emissions.

MagPower™’s Hydrogen Inhibitors can assist in the reduction of GHG’s. This can be accomplished by improving the energy efficiency of electrochemical reactions where hydrogen is produced. MagPower™’s patented technology improves current efficiency of certain electrochemical processes such as electrowinning, which by increasing the current efficiency, the amount of electrical power can be reduced substantially when hundreds of thousands of tons of concentrate are processed world wide. Thus, the reduction in power consumption can be substantial depending upon the industry and the type of fuel being consumed. GHG emissions can be reduced in those instances where the power generating system uses fossil fuels.