SCS Technologies CEO Part of Winning Hydrogen Capstone Project Team at University of Houston
2024年8月15日 - 3:12AM
ビジネスワイヤ(英語)
Cody Johnson, Along With Hydrogen Economy
Cohorts, Wins Spring 2024 Capstone Project With ‘Business Roadmap
for Utilizing Hydrogen in Houston’
Today, SCS Technologies (SCS), a leading provider of CO2
measurement systems, methane vapor recovery units and petroleum
LACT units, announced that Cody Johnson, the company’s CEO, was on
the winning 2024 Spring Capstone Project team in the University of
Houston Hydrogen Economy Program. The “Business Roadmap for
Utilizing Hydrogen in Houston” project outlines potential profits
of $1.8 billion over the contract life with $180 million in green
H2 investments.
“It was an honor to collaborate with my Hydrogen Economy Program
teammates to explore business opportunities using existing
technologies to produce clean hydrogen and reinvest profits to
further advance decarbonization efforts in the future,” said
Johnson. “I extend my gratitude to the University of Houston for
assembling top-notch resources on the critical topic of clean
hydrogen production. By bringing together students, corporate
leaders, engineers, and scientists, we are able to join forces to
accelerate the renewable hydrogen economy.”
The winning capstone project demonstrates the implementation of
decarbonization processes and the enhancement of capacity
utilization in existing industrial hydrogen production along the
Houston Ship Channel through amine capture technology.
Additionally, the team identified business opportunities in
producing ammonia as a liquid carrier using the Haber-Bosch process
and leveraging the existing maritime ammonia tanker fleet to ship
to markets in Western Europe and Northeast Asia.
“Congratulations to Cody and team for designing an innovative
yet feasible clean hydrogen business plan that leverages
technologies and logistics already in place, making this a viable
business opportunity for the oil and gas industry,” said Alan
Rossiter, Executive Director, External Relations/Educational
Program Development UH Energy at the University of Houston. “At the
University of Houston, we are committed to advancing the energy
transition by bringing diverse skills and knowledge together. The
Hydrogen Economy Program is one of the many ways we achieve this.
With the new cohort beginning in August and registration now open,
we look forward to working with a new group of passionate, curious,
and intelligent energy professionals and students.”
The energy industry faces a massive transition spurred by
environmental and economic catalysts. The University of Houston’s
Hydrogen Economy Program provides a forum within Houston, the
world’s energy hub, for energy professionals and students to stay
informed on the evolving energy industry from faculty and industry
leaders.
Participants in the University of Houston Hydrogen Economy
Program have the option to develop a capstone project using
knowledge from the completed course to showcase a business plan for
a clean hydrogen start-up venture. The individuals or teams then
present their project to the class and a panel of judges, who
evaluate the ideas and determine the first- through third-place
winners. Program details, including this year's winners and winners
from previous years, can be found here.
About SCS Technologies SCS Technologies designs,
fabricates, and installs CO2 measurement systems, methane vapor
recovery units, and petroleum LACT units for the energy, industrial
and environmental sectors. SCS Technologies has committed to net
zero emissions by 2050 as part of the company’s strategic
initiative to mitigate CO2 emissions within its operations. Based
in Big Spring, Texas, with a Strategy & Innovation Office in
the Ion Houston, SCS Technologies is partnered with Black Bay
Energy Capital, an energy-focused private equity fund based in New
Orleans, Louisiana. www.scstechglobal.com;
www.blackbayenergy.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240814511959/en/
Media contact: Carrie Ward carrie.ward@connexionspr.com
832-407-5347