I want to share with you a very important development. UT Austin recently received a research grant of $58 million to head a team studying methane hydrate, a substance found in abundance beneath the ocean floor and under Arctic permafrost. The U.S. Department of Energy is providing more than $41 million, with the remainder coming from industry and research partners. The fact that this is one of the largest research grants in the University’s history is certainly noteworthy, but the real excitement comes from the potential developments from the study itself.
Methane hydrate is an ice-like solid compound that forms in low-temperature and high-pressure environments where molecules of methane, a chief constituent of natural gas, are trapped within a lattice structure of water molecules. The worldwide energy implications are huge: within the floor of the Gulf of Mexico, where the team will be sampling, there is estimated to be 7,000 trillion cubic feet of methane hydrate, more than 250 times the amount of natural gas used in the United States in 2013. You can read more here.