“Direct methane emissions released to the atmosphere (without burning) are about 21 times more powerful than CO2 in terms of their warming effect on the atmosphere” (EPA, 2010).
Flogistix, a portfolio company of USRG (an investment inside the Abacus Sustainable Fund), has developed what they call an “ideal solution” for air emission issues. The company focuses on production optimization services designed to increase profitability of proven producing reserves of oil and gas wells. Flogistix builds custom vapor recovery units (VRU) for oil- and gas-producing facilities.
What does using a VRU mean for oil- and gas-producing facilities?
Venting 50 MCFD (thousand cubic feet of natural gas per day) from their tanks equates to over 20,000 tons of equivalent CO2 released each year. VRUs from Flogistix not only capture this fugitive gas, but also emit less than 10 tons of CO2 per year. When companies go with Flogistix’s VRUs they enjoy zero emissions, essentially putting an end to gas venting and flaring.
To see how Flogistix’s vapor recovery units work, please see the YouTube video below.
