Gold H2, a biotech startup, is utilising microbes to convert residual oil in depleted wells into hydrogen. The company's innovative approach taps into underutilised oil wells as a source of cheap feedstock, potentially extending their operational life and contributing to the decarbonisation efforts. With the backing of investors like Mitsubishi Heavy Industries, Gold H2 aims to scale up its technology to produce 30-50t/d (12.7-21.2 mmcf/d) of hydrogen.
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