Virtually any scenario envisioned to keep global temperatures to within 1.5 degrees Celsius of pre-industrial levels involves the eradication of natural gas flaring by 2030. However, few solutions exist which could gain the rapid and widespread adoption necessary to do so. The LTEOIL process produces valuable engineered carbon from waste natural gas that is many times more valuable than the oil that it is co-produced with. By creating this valuable co-product from a waste stream, the LTEOIL process can incentivize all stakeholders to enact rapid reductions in natural gas flaring, providing a feasible path to achieving commitments made at COP28.
The eradication of routine flaring is considered the low-hanging fruit of reducing emissions to limit global temperature increases to 1.5 Celcius above pre-industrial levels. However, few feasible solutions have been proposed that could gain the rapid and widespread adoption required r to eliminate routine flaring by 2030. By monetizing a waste stream as a product many times more valuable than the main product (oil), LTEOIL proposes exactly such a solution.