Pioneer Energy and Emvolon GtL to cut oilfield emissions
In the United States (US), technology provider Pioneer Energy Inc. has announced that it has been selected by the Department of Energy (DOE) and the Environmental Protection Agency (EPA) for a US$6 million award to adapt Emvolon’s proprietary gas-to-methanol technology to eliminate flaring and emissions in the oilfield.
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Pioneer Energy is a provider of technologies that help the oil and gas industry increase production revenues and decrease operational expenses while eliminating flaring and oilfield emissions.
By repurposing car engines as cost-effective modular chemical plants, Emvolon has designed a best-in-class technology platform that converts not only flared gas but also biogas and landfill gas (LFG) into liquid green methanol, which can then be transported in standard truck containers – offering a way to monetize otherwise stranded resources at a low cost and without expensive pipeline infrastructure while avoiding emissions.
We are thrilled to receive the support of the Department of Energy to help us commercialize Emvolon’s technology, which shows tremendous promise for flaring and emissions reduction in the oilfield. We look forward to working closely with the DOE as well as Emvolon, as we leverage our expertise to adapt their technology for this challenging oilfield application, furthering the DOE’s goal of using new technology to improve domestic oil production and oilfield efficiency, said Eyal Aronoff, CEO of Pioneer Energy.
This award will provide funds to scale and package Emvolon’s innovative, proprietary gas-to-liquid (GtL) technology, addressing the challenges of oilfield deployment.
The technology will be demonstrated for 12 months at an oil and gas facility in the Eagle Ford in South Texas.
This federal grant follows on the heels of venture funding and new partnerships we announced late last year. The capital and commitment to our technology will help us speed up the roll-out and scaling of our onsite gas-to-liquid system. Working in partnership with Pioneer Energy we look forward to commercializing our technology for deployment in Texas, said Emmanuel Kasseris, CEO of Emvolon.
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