Making Money from Wasted Flared Natural Gas
For Primus Green Energy, flared gas is not a waste, it is a huge opportunity.
All across fields of natural gas extraction, one can see flares burning from the tops of towers. The flares are meant to reduce the amount of CO2 and methane that get into atmosphere. At worst, the flares don't work at all and the gas flows freely, while at best it is a waste of natural gas. There are other challenges that make flaring a poor solution.
- With the growth of unconventional oil production, there is a growing need to reduce, eliminate and/or monetize natural gas streams.
- The U.S. federal government, state governments and a growing number of countries are looking to reduce fugitive methane emissions.
- Associated gas can pose a hindrance to the development of oil fields.
- The production and refining of heavy crude is hindered by its viscosity.
- Reducing the production of greenhouse gases is a driving force for regulation.
- Producers that have been flaring gas are under increasing pressure by landowners to monetize the wasted gas.
From Primus perspective, the ideal solution would be turn the wasted gas into a useful product. Their solution:
- Eliminates flared gas.
- Produces economically attractive returns.
- Increases production using existing logistics.
- Meets current and anticipated future regulatory hurdles.
- Reduces greenhouse gas emissions.
Launch of Primus Solution
June marked the commercial introduction of Primus' flared gas solution The system takes natural gas that would otherwise be flared and converts it into high quality gasoline using Primus' proprietary + technology. The gasoline can then be blended into a refinery gasoline pool or mixed with crude for simplified transport.
Since the launch, Primus has been approached by numerous oil and gas producers from around the globe who are eager for an economic alternative to flaring in the face of increasing anti-flaring regulations. The Primus engineering team is busy developing our first set of commercial flared gas units, which will be operating in the field within the next 18-24 months.
Modular System for On-Site Installation
The flared gas solution modular is a modular system, available in standard pre-engineered models with nameplate production capacities of 250, 500, and up to 2000 BPD. In the future, these systems will also be available for offshore applications as the design was recently awarded Approval in Principle from the American Bureau of Shipping, a leading international marine classification society. The approval, which involves a rigorous engineering assessment, signifies that the system concept meets offshore industry safety requirements.
Drop-in Gas from Natural Gas in Hillsborough, NJ
Meanwhile, the demonstration plant in Hillsborough, NJ continues to reach new production records. The output can be attributed to Primus' dedicated team of skilled technicians, chemists and engineers, who work in round-the-clock shifts. The company just completed their fourth demonstration plant, and, thus far, the plant has logged over 3,800 hours of production with 99.95% availability, yielding on-spec, zero-sulfur, zero-benzene gasoline. In 2015, Primus will add a natural gas-to-diesel line to their demonstration plant. Like the natural gas-to-gasoline line, the diesel line will feature commercially scaled reactors and equipment. The planned diesel line will build on our chemistry team's success producing zero sulfur diesel fuel at liter scales in the lab using Primus' process.
Guests from across the country and the world have visited the plant. Visitors are invited to tour the facility. As their vice president of business development, George Boyajian,likes to say, "We guarantee you will be impressed!" Those interested in developing a project using their technology, can fill out a new questionnaire on their website.