Flaring and venting solutions recognized for supporting transition to net zero
HOUSTON – October 13, 2022 Expro (NYSE: XPRO) has been awarded funding for two carbon-reduction projects as part of an innovation program to accelerate clean energy production and close the gap in net zero technologies.
The Aberdeen-based Net Zero Technology Centre (NZTC) has awarded a total of £8 million to fund net zero technologies as part of their 2022 Open Innovation Program. The 20 winning technologies were selected from 154 qualified entries and fall into seven focus areas. The technologies faced a rigorous selection process, ensuring each supports the transition towards net zero, with an obligation of trialing and deploying the technology within the UK Continental Shelf.
Expro secured both projects awarded in the Venting and Flaring category.
Expro’s two winning projects focus on:
These showcase Expo’s commitment to continuously evolve its portfolio of technologies and services to drive the shift to net zero. Both projects build on the company’s existing capabilities to promote more measured and efficient means of flaring, and to offer alternatives to traditional flaring, in support of operators’ carbon-reducing commitments.
The NZTC believes the 20 successful technology projects will deliver £7.8bn Gross Value Added along with an impact of 3.1Mt CO2e annually.
Expro’s Chief Technology Officer Steve Russell said: “We are delighted to receive the recognition and funding in this program to help further develop these technological solutions that will play a part in accelerating the industry’s journey to net zero.
“Technology is a critical component in energy transition progression, as are collaboration and partnership to achieve our collective goals. We are committed to addressing our own and the industry’s effects on the planet, and this includes working with clients around the world to develop and implement solutions to reduce emissions from non-essential flaring.”
Recent case studies demonstrating this approach include:
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