US-based developer of energy efficient technologies Save The World Air (STWA) has signed an equipment lease agreement for the TransCanada Keystone Pipeline with an option to purchase.
The company will lease, install, maintain, operate and test the effectiveness of its AOT technology and equipment on the pipeline as part of the deal.
TransCanada initially has the option to buy the equipment for a fixed price of $4.3m, a price which rises following the first six months of the agreement.
AOT viscosity reduction systems are a set of commercial crude oil pipeline-flow-assurance products, designed to be installed at pump stations in the upstream, gathering and midstream sectors of the pipe.
The technology reduces the viscosity of the crude oil without the assistance of heat, chemicals or polymer additives.
STWA aims to improve the economics of oil extraction and transport, helping to meet increasing global energy demands and reducing greenhouse gas emissions.
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By GlobalDataImage: STWA to lease, install, maintain, operate and test the effectiveness of AOT technology on one TransCanada’s operating pipelines. Photo: courtesy of shannonpatrick17.
