Associated Natural Gas the Billion Dollar Bonfire Tamed by Methion.com.PALM CITY, Fla. -- It's a little hard to believe that in this age of spiraling energy demand and increasing energy prices, billions of dollars worth of Natural Gas is deliberately flared. This energy source is being wasted and contributes to Greenhouse Gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas Emissions. There has not been a cost effective solution for the oilfield operators, until now. A US patent 7,282,603 was issued 10/16/07, on a new process that has been called "The Holy Grail Holy Grail: see Grail, Holy. A very desired object or outcome that borders on a sacred quest. There are several Holy Grails in the computer business. of Chemistry". For the first time, an efficient way to directly convert flared gas into shippable liquids is being developed by Methion.com. The process does not use expensive Syngas
Syngas (from synthesis gas) is the name given to a gas mixture that contains varying amounts of carbon monoxide and hydrogen generated by the gasification of a carbon containing fuel to a gaseous product with and enables small footprint plants in remote and offshore production areas. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the GGFR GGFR Global Gas Flaring Reduction (public-private partnership) GGFR Ground Government Flight Representative 150 bcm of gas associated with oil production was flared in 2004. This is equal to 25% of the total US consumption. The disposal of associated gas is a significant impediment A disability or obstruction that prevents an individual from entering into a contract. Infancy, for example, is an impediment in making certain contracts. Impediments to marriage include such factors as consanguinity between the parties or an earlier marriage that is still valid. to oilfield developments in remote locations where there is no market for the gas; gas re-injection is costly and over time can cause structural reservoir damage and becomes increasingly expensive as more gas needs to be compressed and re-injected. Because of a lack of economic alternatives, www.methion.com offers an economic solution to this wasted gas and monumental greenhouse gas emission. Gas disposal options can cost millions while providing no payback Payback The length of time it takes to recover the initial cost of a project, without regard to the time value of money. to the oilfield operator. Flaring is becoming more and more unacceptable as 390 million tonnes of Greenhouse Gas was emitted in 2004; this is equal to the Kyoto 2013 target. The Methion.com solution will turn an increasingly expensive liability into an asset which generates positive economic and green benefits. As current oilfield production declines, production tends to be in more remote and offshore locations putting even more pressure, expense and technical challenges on the oilfield operator. As operators experience more and more pressure in eliminating flaring they are being forced to turn to exceptionally expensive solutions to this problem, until now. The Methion process eliminates the Associated Gas flaring and venting problem and turns the wasted energy resource into a profit center while providing a low cost green solution. More information can be found at www.methion.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion