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Luca Technologies

Luca Technologies

Luca uses biotechnology to create and sustainably produce natural gas. Luca's proprietary technology stimulates native microorganisms that reside in subsurface hydrocarbon deposits, such as coal, oil, and organic-rich shales, to accelerate the bioconversion of such resources into methane, the principal component of natural gas, which Luca produces and sells using existing infrastructure. Luca believes that its business represents a transformative and disruptive innovation in natural gas creation and production, integrating sophisticated biotechnology with the traditional natural gas business. Luca has performed extensive lab and field testing over the past eight years, including the deployment of over 500 field level applications of its technology, which Luca believes have proved the efficacy of its technology to economically and sustainably create new methane gas from wells treated with Luca's technology, demonstrated that additional value can be created from using existing natural gas wells and pipeline infrastructure, potentially extending the economic lives of thousands of wells, confirmed that water should be conserved and re-used whenever feasible, as it is integral to the biogenic creation of new methane gas and demonstrated through extensive testing that the technology is safe to the public and the environment. Luca leverages the ability of naturally occurring microorganisms to convert subsurface hydrocarbon deposits, such as coal, to methane gas. This complex process is susceptible to interruption by various chemical and biological conditions, including traditional coalbed methane development, which involves removing water from the coal seam to reduce pressure and allow previously adsorbed natural gas to flow up a well. As a result, the natural and ongoing biogenic creation of methane gas slows or ceases, with a large mass of unutilized hydrocarbon deposit remaining in place underground. To accelerate biogenic methane gas production rates, Luca uses its proprietary Restoration Process to deliver customized nutrient formulations and water to restore coal reservoir habitats to conditions that may enable native microbial communities to be enhanced to create commercial volumes of natural gas on a real-time basis. Luca produce this newly created natural gas and deliver it to market using existing wells, pipelines and natural gas infrastructure. Luca's Restoration Process is designed to sustain the life processes of naturally occurring microbial communities. Microbes are already present in coalbed water and are responsible for biogenic methane gas creation.

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About Luca Technologies

Founded

2003

Estimated Revenue

$10M-$50M

Employees

51-250

Funding / Mkt. Cap

$99M

Category

Sector

Consumer Discretionary

Industry Group

Consumer Services

Industry

Consumer Services

SIC Code

73

NAICs Code

8112

Location

City

Golden

State

Colorado

Country

United States
Luca Technologies

Luca Technologies

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