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PermianChain CEO: Recovering energy from natural gas combustion could bring potential cash flow of $1.6 billion
Odaily Planet Daily News According to Mohamed El-Masri, Managing Partner of Hodler Investments and CEO of PermianChain, a tokenization energy trading platform, BTC mining companies and AI data center operators have a high demand for natural gas. He believes that recovering energy from natural gas combustion could be a $16 billion business opportunity. It is stated that the majority of the current demand for natural gas can be met by converting the natural gas (a stranded energy source) produced by burning natural gas into convertible energy for mining operations and high-performance computing. El-Masri said, '147,000,000,000 cubic meters of natural gas are burned worldwide every year. If this natural gas is sold on the market, the potential annual sales revenue or cash flow could be equivalent to 16 billion US dollars.' El-Masri explained that 'the natural gas valuation or price equivalent per MCF or MMBtu for Bitcoin mining is 12 times that of any indicator used by any country.' Turning idle energy into financial assets highlights the power of crypto mining and RWA tokenization in promoting sustainable development. (Cointelegraph)