Published by Todd Bush on January 7, 2025
TORONTO, Jan. 07, 2025 (GLOBE NEWSWIRE) -- DiagnaMed Holdings Corp. (“DiagnaMed” or the “Company”) (CSE: DMED) (OTCQB: DGNMF), a leading innovator in hydrogen-producing technologies and artificial intelligence (AI) medical applications, proudly announces it has entered into a limited license and option agreement with the Texas Tech University System to commercialize a ground-breaking technology (WO2023044149A1 that produces hydrogen directly from petroleum reservoirs and natural hydrogen fields.
>> In Other News: CHAR Tech Provides Lake Nipigon and Saint Félicien Project Updates
This proprietary technology, developed by Dr. Qingwang Yuan of the HOPE Group in Texas Tech University’s Edward E. Whitacre, Jr. College of Engineering, integrates hydraulic fracturing with electromagnetic wave heating to generate hydrogen from light oil, gas, and shale reservoirs, as well as a potential application for stimulating geologic hydrogen from ultramafic rock formation. With potential hydrogen production costs as low as $0.86 per kilogram, the method aligns perfectly with the U.S. Department of Energy's "Hydrogen Energy Earthshot" initiative to achieve $1/kg hydrogen production by 2031.
Fabio Chianelli, Chairman and CEO of DiagnaMed, commented: "This collaboration marks a significant milestone in our mission to drive innovation in hydrogen production. By transforming over 25,000 active oil and gas fields globally and repurposing 2-3 million abandoned wells in the United States, this technology not only meets global clean energy demands but also strengthens our commitment to a sustainable future. DiagnaMed is dedicated to enabling petroleum companies and natural hydrogen explorers to unlock untapped potential, reducing greenhouse gas emissions, and delivering cost-effective, carbon-zero hydrogen."
This first-of-its-kind technology redefines hydrogen production by speeding up hydrocarbon cracking, enhancing energy efficiency, and significantly reducing costs and carbon footprints. Backed by a Techno-Economic Analysis by Argonne National Laboratory, it represents a sustainable alternative to conventional methods. Reusing existing oil and gas infrastructure further reduces costs, offering a competitive advantage to hydrogen producers.
As global hydrogen demand surges, with the market projected to grow from USD 262.13 billion in 2024 to USD 556.56 billion by 2034, DiagnaMed’s commercialization initiatives with Texas Tech’s pioneering technology positions it at the forefront of the clean energy revolution. Together, we are driving the transformation of the energy landscape and supporting the transition to a low-carbon economy.
DiagnaMed Holdings Corp. (CSE: DMED) (OTCQB: DGNMF) is a leading innovator in hydrogen-producing technologies and artificial intelligence (AI) medical applications. Visit DiagnaMed.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌎 US Carbon Capture Race: $77B Industry Shifts Global Balance 🛠️ NETL Releases Tool To Calculate Costs of Geologic Carbon Storage Projects in the Gulf of America ✈️ Avia Solution...
Inside This Issue 💰 BlackRock’s €1 Billion Bet on Eni Fuels Carbon Capture Confidence 💧 Wastewater Contaminants Boost Green Hydrogen Production 🌾 Gevo Sells Carbon Credits from North Dakota Asset ...
Inside This Issue 🛢️ Texas Emerges as Blue Ammonia Capital in $5B Investment Wave 🤝 Technip Energies and Shell Catalysts & Technologies Have Signed a Global Alliance Agreement for Carbon Captu...
LanzaTech Awarded Significant Grant by UK Government to Propel Sustainable Aviation Fuel Production
Funding from Department for Transport to advance two commercial-scale plants in the UK LanzaTech Awarded £6.4 Million UK Grant to Advance DRAGON SAF Projects LanzaTech Global, Inc. (NASDAQ: LNZA)...
BWXT Fires Up Furnace for Advanced Nuclear Fuel
The chemical vapor infiltration furnace at BWX Technologies’s Lynchburg Technology Center in Lynchburg, Virginia. The furnace is manufactured by AVS, Incorporated. Source: BWXT LYNCHBURG, Va.--BWX...
Producers Midstream Secures Strategic Commitments for Phase Two Expansion in the Delaware Basin
Enhancement Will Increase Processing Capacity to 90 MMscfd and Introduce Advanced Acid Gas Injection Capabilities DALLAS, July 22, 2025 /PRNewswire/ -- Producers Midstream II, LLC ("Producers Mids...
United States: TotalEnergies Expands Its Investments in Sustainable Forestry Operations to Preserve Carbon Sinks PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) signed an ag...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.