Rimere raises $10M to convert natural gas and methane

Newport Beach, California-based clean-tech startup Rimere has announced a $10 million strategic investment from renewable natural gas (RNG) provider Clean Energy Fuels, also out of Newport Beach, California, to fund conversion technology, ESG Today reports.

Proceeds will be aimed at advancing Rimere’s solutions to convert methane and natural gas into sustainable materials, including clean hydrogen.

Rimere says its proprietary plasma technology breaks apart methane molecules for reconfiguration into cleaner alternatives. The company’s solutions include the Reformer, which it says transforms natural gas into clean hydrogen and high-quality graphene without creating carbon-dioxide emissions; and the Mitigator, which it says reduces the greenhouse gas potency of fugitive methane emissions to provide a low-cost solution for abating methane emissions that escape from the natural gas infrastructure.

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According to Rimere, the company’s technology provides solutions for the long-term outlook for natural gas, including utilizing the existing natural gas infrastructure to become infrastructure to deliver clean hydrogen and graphene.

“The world continues to consume more natural gas annually for everything from producing electricity to heating our homes,” says Mitchell Pratt, CEO of Rimere. “However, this globally abundant, low-carbon and affordable resource can also pose greenhouse gas emissions challenges from pipeline transmission, storage and other operations. Importantly, Rimere’s technology not only cleans up the infrastructure but also repositions and revalues natural gas reserves as a vital solution for climate change and our clean energy future by producing both zero-emission hydrogen and valuable graphene.”