Compañia Petrolera Perseus (Perseus) and Greyrock Energy are set to join forces to provide solutions for the flaring of natural gas in Mexico.
The partnership will use Greyrock’s Flare-to-Fuels systems introduced by the company earlier this year for the reduction or elimination of routine gas flaring.
Flare-to-Fuels systems use Greyrock’s direct fuel production technology and have been designed to convert flare or vented gas into clean transportation fuels.
Greyrock Energy CEO Robert Schuetzle said: "Greyrock is excited to be partnering with Perseus to work on Flare Gas projects in Mexico and sees this as a significant opportunity to take flares out of service while producing premium fuels."
At the time of producing crude oil, flare gas is released and is often burned due to lack of pipeline and processing infrastructure.
Flare gas produces CO2, NOx, black carbon, and other pollutants.
The US Environmental Protection Agency (EPA) said that improperly operated flares can also vent substantial amounts of greenhouse gas methane that is 25 times more potent than CO2.
Perseus chairman Tomas Milmo Santos said: "Greyrock’s proprietary Flare-to-Fuels platform provides an opportunity to simultaneously address an important environmental issue for Mexico and produce cleaner, high-quality transportation fuels."
The Flare-to-Fuels systems have been designed to locate at the well pad and produce clean liquid fuels from flare gas system and convert routinely flared gas into clean fuels.
These fuels can either be blended with crude or used as finished fuels.
Based on World Bank estimates, about 140 billion m³ of natural gas is flared every year, which results in the emission of more than 300 million tonnes of CO2 to the atmosphere.
