The £700m deal was jointly agreed with Zero Carbon Ventures, a company which helps bring the latest carbon-reducing technologies to the Middle East.

Levidian claims its LOOP devices can reduce emissions from gas by 40% instantaneously. The technology uses plasma to remove carbon and hydrogen from methane. The carbon is locked into graphene and the hydrogen can be used immediately or stored for future use. 

“LOOP is at its most powerful when decarbonising waste gas to generate hydrogen and graphene,” said Levidian CEO John Hartley. “Methane is the most potent greenhouse gas and Levidian’s mission is to turn this gas into a powerful tool for decarbonisation. We look forward to seeing Zero Carbon’s network of LOOPs growing over the coming years.”

Levidian’s 500 carbon removing devices will be deployed at sites across the UAE over the next decade. Major oil and gas companies and government agencies are some of the technology’s customers. The first LOOP device will be delivered to the oil and gas company IDC in Abu Dhabi. 

“Zero Carbon Ventures’ mission is to scour the globe to find world-class carbon reducing innovations that can make a hugely positive impact in the Middle East,” said Zero Carbon Ventures CEO Martin Reynolds. “There’s no doubt that Levidian’s game-changing LOOP devices will do just that, producing both green hydrogen and high-quality graphene, right here in the UAE. Both products in turn will have a positive impact on many industrial processes. We can’t wait to get started.”

The LOOP device is currently being trialled by National Grid in the UK.