OGCI Climate Investments announces Venture Day “Towards Zero Methane Emissions”
Houston, Pratima Rangarajan, CEO of OGCI Climate Investments, announced at CERAWeek, that the company’s first Venture Day “Towards Zero Methane Emissions” would be held on Monday, June 25, 2018 in Washington DC.
OGCI Climate Investments is committing up to USD $20 million to invest in technologies and business ideas that have the potential to significantly reduce methane emissions across the energy value chain and that can be commercialised and deployed at scale.
OGCI Climate Investments and their venture partners are inviting companies with promising technologies and/or business models in the areas of methane detection, measurement and mitigation, along the energy value chain, to submit their ideas or funding proposals. Ten to fifteen companies will be selected to present at the Venture Day. Successful applicants will benefit from funding, technical expertise, and potential piloting and deployment opportunities.
Pratima Rangarajan, CEO of OGCI Climate Investments, said “Natural gas is an excellent source of power, heat and raw materials for everyday life. Any leaks across production, distribution and use will result in emissions of methane, a key greenhouse gas that causes climate change. We are committed to stopping the leaks and moving toward zero methane emissions. Join us with technologies and solutions”.
Methane emissions reduction is one of OGCI Climate Investments’ focus areas in addition to carbon capture, utilisation and storage, energy efficiency and transport efficiency.
In the business of hydrocarbon production, accurate accounting of produced fluids and gases is critical from a process control, management and fiscal perspective.
The US East Coast will send out its first LNG exports in early 2018 as Dominion Energy’s Cove Point LNG export facility in Lusby, Maryland becomes operational.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST
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