Financing Solutions to Reduce Natural Gas Flaring and Methane Emissions

Page 131

APPENDIX A

Sample of Service Companies that Offer Flaring and Methane Reduction Solutions TABLE A.1

Selected companies that offer flaring and methane reduction solutions

COMPANY

PROJECT EXAMPLES

Generon

No projects given, but the company seeks to offer economical alternatives to flaring, including flare gas power generation, flare gas reinjection, flare gas used as feedstock in petrochemicals, and compressed natural gas.

Capterio

No project examples given, but the company aims to partner with energy companies to deliver flare monetization projects and to bring together assets, methods, and financing to do so. Capterio delivers on-the-ground abatement projects for clients. Projects include reinjection, raw gas sent to the nearest export pipeline, power generation, and the recovery of liquids or conversion of gas to liquids for sale.

Baker Hughes

No project examples given, but the company has an entire business line dedicated to methane monitoring and management. It advertises technology to reduce venting, flaring, and fugitive emissions in the oil and gas industry. However, upon further inspection, its offering appears to reduce flaring by just making it more efficient, rather than eliminating it, but is still possibly worth investigating.

Pioneer Energy

Provider of mobile flare gas capture solutions and modular gas processing plants. Pioneer Energy’s flare gas capture and processing systems turn raw associated and nonassociated gas and oil tank vapors from waste streams into resources. Systems are skid-mounted, modular, autonomous units that are remotely monitored and controlled, which enables flexibility in equipment deployment and superior uptime while minimizing required capex and opex.

Alphabet Energy

Alphabet Energy’s Power Generating Combustor (PGC™) for oil and gas flares has seen strong commercial traction in helping oil and gas operators mitigate permitting risk and meet remote power needs. The product helps expedite or eliminate permitting processes by transforming gas flares or combustors into power generators.

Caterpillar

In 2012, three engineers with decades of experience in the energy industry founded GTUIT with the goal of reducing natural gas flaring in North America and around the world. GTUIT’s mobile, modular gas capture and natural gas extraction units are about the size of a semitrailer and easily connect to an engine or generator set. They significantly decrease the volume of flared gas at the wellhead and reduce the volume of volatile organic compounds released into the atmosphere. The units also remove valuable NGLs and produce a dry, consistent, high-Btu gas. Energy companies can conserve and sell the NGLs on the market for later use, and they can use the conditioned gas as free fuel to power on-site gas or dual-fuel engines and generator sets.

SoEnergy International

SoEnergy has a flare gas recovery system that converts flared gas into fuel for upstream operations. SoEnergy’s flare gas recovery systems are customized from beginning to end. Treatment and conditioning systems transform even the toughest flare gas compositions into power-generation-ready fuel. For operations in a remote or harsh environment, SoEnergy leverages extensive logistics and engineering support to simplify, and solve, the challenge. SoEnergy has deployed this technology in projects in Colombia and Ecuador. (continued) 111


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Articles inside

Risks of FMR investments and mitigating factors

6min
pages 127-130

A.1 Selected companies that offer flaring and methane reduction solutions

4min
pages 131-132

Financial attractiveness of flaring and methane reduction investments

4min
pages 125-126

References

1min
page 124

Galileo

5min
pages 110-111

4.4 Flared gas volume in Nigeria, 1992–2019

4min
pages 113-114

Notes

2min
page 123

phases

5min
pages 115-116

Crusoe Energy Systems

5min
pages 118-119

The Nigerian Gas Flare Commercialisation Programme

2min
page 112

4.1 Termo Mechero Morro

1min
page 109

Mechero Energy

2min
page 108

4.2 Aggreko’s installed capacity, by geography

6min
pages 102-104

4.3 Sacha Central flare-to-power business model

4min
pages 106-107

Hoerbiger

2min
page 105

Methodology and general assumptions

2min
page 71

Aggreko

2min
page 100

Highlights

1min
page 69

Summary takeaways

1min
page 99

Notes

2min
page 65

gas sector

3min
page 56

reduction financing

3min
page 64

Financing instruments

2min
page 58

2.1 Banking on Climate Change 2021’s bank policy scoring

2min
page 51

2.2 The European Union Green Bond Principles: Overview

5min
pages 60-61

2.3 Transition bond guidelines: Summary

2min
page 62

and Development, 2014–20

2min
page 57

Categories of investors

1min
page 47

reduction

4min
pages 32-33

1.2 Examples of countries’ regulatory approaches to gas flaring

2min
page 38

Contributions

3min
page 39

Regulatory developments

4min
pages 36-37

References

4min
pages 45-46

1.8 Emission reduction commitments and targets of selected companies

2min
page 43

Notes

2min
page 44

1.3 Reasons for routine flaring and venting (upstream

3min
page 27
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