OneLng and Ecospray intend to target the US oil & gas exploration market by using Ecospray’s micro-liquefaction technology for flare gas recovery. The technology offers owners and operators of wells with insufficient infrastructure the possibility to avoid gas flaring, reduce environmental impact and turn operating cost into a potential source of revenue.
The agreement - signed in recent days by Maurizio Archetti (President, Ecospray) and Kees Onstein (Chairman & Co-Founder, OneLng) - provides for the supply of an innovative technology developed by Ecospray for the recovery of associated petroleum gas (APG) via conversion of the APG to liquefied natural gas (LNG) and natural gas liquids (NGLs).
“Our commitment to the energy industry is growing,” said Maurizio Archetti, President, Ecospray. “We will contribute to completing the energy supply chain by deploying innovative solutions to recover previously unusable resources. Our partnership with OneLng is part of a growth path that will allow us to offer new technology offerings to the American market.”.
“Over the recent years the US Oil & Gas market has been under pressure to balance its operational efficiencies and sustainability goals. We believe that the micro-liquefaction technology will offer an elegant solution to hundreds of oil producers who wish to minimize their routine flaring, increase revenue streams, and alleviate regulatory pressure”, added Martijn van Koolwijk, CEO& Co-Founder, OneLng. “In Ecospray, we have found a like-minded partner that shares our vision of creating value from industry’s by-products, and we are proud to bring their technology from Europe to the US”
The scope of supply under the agreement includes an initial demo plant to be delivered to OneLng by the end of 2023, followed by the delivery of six 2-million standard cubic feet per day (MMSCFD) plants to be delivered starting from the first quarter of 2024.
From research to development, Ecospray specializes in the creation of integrated solutions for the sustainable conversion of marine and land-based industries, as well as for the reduction of dependence on fossil fuels. Founded in 2005, Ecospray, market leader in the exhaust gas cleaning systems for marine diesel engines(EGCS), has been part of the Carnival Group since 2013.
The company operates globally, offering diverse technologies which range from air and gas cleaning and treatment systems (DeNOx, DeSOx, filtration, gas cooling and fogging) to the creation of biofuels and the generation of clean energy (biogas upgrading,CH4 and CO2 liquefaction, fuel cells).
About OneLng Inc
OneLng Inc. is a Houston-based company that offers complete LNG supply chain solutions that utilize novel, mobile, and cost-effective micro-liquefaction plants with processing capacity ranging from0.5 to 20 MMMCFD. The company was founded on the principle of minimizing waste gas emissions by converting industrial by-products to valuable resources.
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