Total addressable market for our clean hydrogen and acetylene is over $100 billion
Our focus is to provide critical building blocks to allow our customers to produce cost competitive environmentally friendlier products that are in our everyday use, whether we know it or not. We accomplish this by repurposing methane from various sources, which in its natural state is a greenhouse gas, into high value clean hydrogen and acetylene. Our methane comes from natural gas pipelines, flare gas, biogas, landfill gas, renewable natural gas, and liquified petroleum gas. Transform’s first generation production plant using our novel microwave plasma technology which produces, high purity hydrogen and acetylene, that are critical chemical critical building blocks for various multibillion dollar markets including:
Hydrogen is an energy dense fuel that when combusted or used in a fuel cell to produce electricity emits no carbon dioxide. Thus, hydrogen is ideal for transportation applications, and advances in fuel cell technology and hydrogen storage are unlocking even more applications, including marine and aviation. Cost-competitive, low carbon intensity hydrogen will allow for the decarbonization of large portions of transportation industries.
Steel is production is a key component relied upon by many sectors (automotive, appliances, construction, etc.). Both acetylene and hydrogen are commonly used in both the production and fabrication of metals. Hydrogen is used in heat treatment, annealing, and sintering. Acetylene is used for brazing, cutting, flame gouging, spot heating, hardening, texturing, cleaning, and thermal spraying many materials. Steel is the largest application of hydrogen for metal processing and is also a high growth area. Additionally new technologies are being developed to use hydrogen directly in steel production to significantly reduce the large carbon footprint associated with traditional steel manufacturing methods.
Manufacturers make use of synthetic and natural polymers in the manufacturing process for various end products including PVC. These products range from everyday items to specialized tools and engineered plastics. Acetylene continues to be a major ingredient used in the manufacture of polymers.
Chemicals are essential to our modern economy, comprising over 70,000 different products that people use every day from families including basic chemicals, inorganic chemicals, life science, and consumer products. Acetylene and hydrogen are key ingredients required to produce many of these chemicals.
Hydrogen is a key ingredient in fertilizers. Fertilizers have allowed farmers to more than double crop growth over the same acreage. As population continues to grow, there will be an increasing global need for fertilizers to further increase crop yield.
Acetylene is a key ingredient used in welding and cutting, key processes in metal fabrication. Metal fabrication is a core manufacturing process in auto, construction, mining, energy, and aerospace to name a few.
Fragrance and Flavors
Aroma chemicals and flavors enrich not just candles and perfumes, but also packaged food and drink, cosmetics, and general atmospheres (like at Disneyland, where they pipe in scents to complement your surroundings). Acetylene is one of the key ingredients utilized to manufacture fragrances, flavors and vitamins.
Both acetylene and hydrogen are key elements in the broader general industrial market that covers a wide variety of segments including food and beverage (hydrogenation of vegetable oils), glass (making flat glass) and electronics (carrier gases) amongst others.