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In 1st quarter of 2007, we have spread the news on "Methane Conversion Challenge" where Dow Chemical Company was accepting proposals for funding in the area of methane conversion chemistry with the goal of producing ethylene, propylene, or reasonable precursors for ethylene and propylene. Finally out of approximate 100 proposals from around the world submitted, the Dow Chemical Company on January 24th, 2008 announced that Cardiff University and Northwestern University have been awarded research grants which together total over $6.4 million as part of the 2007 Dow Methane Challenge.
The Methane Challenge is on purpose to provide a new foundation for production of chemicals and liquid fuels, bringing an alternative to petroleum and enabling the use of natural gas in an efficient manner. It also reduce gas emission via venting and flaring and potential of upgrading landfill gas. Read in detail...Hope that there are more oil and gas company will initiate the effort in similar direction to minimum gas emission and subsequent lead to greenhouse effect and global warming.
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