The offshore oil and gas industry is on the cusp of a major transformation, thanks to the modern technology from LCT360.
For years, offshore facilities have been limited by their inability to fully recover natural gas liquids (NGL) at the source, which has compelled them to maintain costly onshore gas plants as part of their operation. This extra step in the process is not only redundant and damaging to the environment; it also represents a monetary loss for companies in this industry. Now, thanks to LCT360’s innovative technology, offshore facilities can convert their wet gas into dry gas directly at the source of their upstream operations. This means they can eliminate their need for an onshore gas plant, reducing the amount of greenhouse gases (GHG) emitted into the atmosphere while saving money in the process.
Industries such as mining, manufacturing, gas, and agriculture, all of which consume a tremendous amount of power are highly attractive opportunities for LCT360. The meeting point between renewable energy that is environmentally friendly and financially lucrative, is where LCT360 shines above competition. Through the implementation of towerless gas process facilities and flare recovery technology LCT360 offers an innovative approach to GHG reduction and profitable green energy.
The elimination of a large quantity of GHG’s enables companies to move within the boundaries of the Paris Agreement, in which countries have agreed to cut GHG emissions by 2050. Companies that also fulfil this commitment can see themselves ahead of the competition and able to gain a foothold in the green energy era that will follow. LCT360 is a beacon of hope and a gateway to an innovative approach to tying energy needs with reducing emissions.
“LCT360’s 99% flare recovery and natural gas stabilization technology can solve the increase in global warming, dramatically reduce GHG emissions, and reduce the world’s carbon footprint well ahead of the year 2050 target date. “LCT360 can also reduce the World Bank’s Global Gas Flaring Reductions Partnership and Zero Routing Flaring by 2030 initiative to a much sooner year,” stated Kirti Patel, the founder and CTO of LCT360.
However, ambition is all about action, so how can we shape our efforts now? The most vital step is for businesses to take immediate actions to reduce their contribution to climate change by improving energy efficiency and buying emission reductions through carbon offsetting.
“LCT360’s flare recovery technology implementation will drastically reduce the energy sectors emissions,” stated Patel.
The world and the energy industry must invest in new technologies that will reduce emissions for long term goals that have been established by global agreements and initiatives. Moreover, we need to incorporate climate risk into all business decisions, including setting targets and reporting on progress towards them.
LCT360’s innovations align the private sector with society’s goal of protecting our planet.
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