GreatPoint Energy is a technology-driven natural resources company and the developer of a proprietary, highly-efficient catalytic process, known as hydromethanation, by which coal, petroleum coke and biomass are converted directly into low-cost, clean, pipeline quality natural gas, while allowing for the capture and sequestration of carbon dioxide (CO2).
The Company’s cost of production is expected to be significantly lower than current prices of new drilled natural gas and imported liquefied natural gas (LNG), and the natural gas it produces, called bluegas™ meets all high-grade natural gas quality specifications. It can be transported through the thousands of miles of pipelines already in place around the world and can be used interchangeably with drilled natural gas for all applications, including power generation, residential and commercial heating, and the production of chemicals.
