Angel Round Common Shares
$100K target
2% equity
$5M pre-money
CanaGas Inc. has developed a low-cost, light-weight, large-diameter composite pressure vessel with low temperature compatibility for the transport of gaseous fluids such as pressurized liquified natural gas (PLNG) et al.
Three proprietary pressure vessels fit inside of a 40-foot inter-modal shipping container. The type-4 tanks are well insulated as the interior void is filled with lightweight fire-retardant polyurethane foam. The resulting robust gas transport system is then modular and, mobile, using existing infrastructure (road, rail, ship).
At only -50 C and 11 MPa pressure, a common natural gas with a little C5 solvent added will liquify. The net density of gas is approximately 85% the density of LNG stored in a common type-C distribution tank. A 40-ft container will carry approximately 10 tons of gas for a total container weight of 19 tonnes. At -75 C, the density of gas is actually greater than LNG in a type-C tank. This would allow for 14 tons of gas to be transported in a 40...
CanaGas Inc. has developed a low-cost, light-weight, large-diameter composite pressure vessel with low temperature compatibility for the transport of gaseous fluids such as pressurized liquified natural gas (PLNG) et al.
Three proprietary pressure vessels fit inside of a 40-foot inter-modal shipping container. The type-4 tanks are well insulated as the interior void is filled with lightweight fire-retardant polyurethane foam. The resulting robust gas transport system is then modular and, mobile, using existing infrastructure (road, rail, ship).
At only -50 C and 11 MPa pressure, a common natural gas with a little C5 solvent added will liquify. The net density of gas is approximately 85% the density of LNG stored in a common type-C distribution tank. A 40-ft container will carry approximately 10 tons of gas for a total container weight of 19 tonnes. At -75 C, the density of gas is actually greater than LNG in a type-C tank. This would allow for 14 tons of gas to be transported in a 40-ft container. Total weight 23 tons per container. The fabrication cost of a 40 ft PLNG container is less than $100,000 (US). The CAPEX to liquefy the gas inside of CanaGas tanks is about 10% that of conventional LNG. The OPEX is about 25%.
Using lower pressure tanks (same HDPE liners), CanaGas can store 16 tons of propane or LPG in a 40-ft container, 17 tons of ethylene, or, 20 tons of liquid CO2. This provides easy access to existing LPG/propane markets like Japan and South Korea et al. The differential wholesale cost to these markets from Alberta is about $700 per ton.
The initial target markets for PLNG containers are the industrial and commercial uses of gas in states like California, New-York, Illinois, and Ohio. The supply of gas would be the drilling and fracking areas of eastern New Mexico, Pennsylvania, and North Dakota, respectively. Other large (New) markets exist in the southern 1/3 of Africa (from Mozambique) and all of India from coastal LNG terminals.
The displacement of diesel at mines and drill sites is another target market for PLNG containers. Of particular interest is a gas supply from flare gas.
The CO2 market is looking very lucrative as the regulated cost per ton continues to increase and more sequestration ports are established.
To certify the system for commercial operations, CanaGas is supported by Canadian and Alberta funding agencies (~ 70%) . To conduct a proof of design will cost about $150,000. First certification about $1million.
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Steven Campbell
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Steven Campbell CTO Senior Engineer, inventor, composite specialist, gas specialist