Global Flare Gas Recovery Systems to Gain Traction Owing to Environmental Concerns and Regulations

April 5th, 2017   admin   Press Releases

Excessive volumes of gases are flared, for maintenance & safety procedure in plants indulged in the natural gas production. However, significant carbon emissions result from this flaring of gas, rendering financial losses to producers of natural gas. For this reason, the prevalence of flare gas recovery systems is increasing since the recent past. In its study, Persistence Market Research (PMR) estimates that the global flare gas recovery systems (FGRS) market will witness a robust growth at 13.8% CAGR during 2015 to 2020.

Factors Fuelling the Growth of Global Flare Gas Recovery Systems Market Include

  • Increasing Power generation applications
  • Re-injection of flare gas for optimum pressure maintenance inside the wells by a majority of manufacturers
  • Significance of activities for environmental conservation and increasing environmental concerns regarding impact of several industrial production process
  • Huge investments by leading market players and rapid expansion of oil & gas sector
  • Accelerated adoption of flare gas recovery systems by developing economies

However, time-sensitive installation procedure, less awareness among end-use industries, and high capital costs will remain as the restraining factors in the growth of the global flare gas recovery systems market.

Liquid Ring Compressor System for Flare Gas Recovery

Recent advancements in flare gas recovery systems has exhibited several innovations. One such innovation is the liquid ring compressor system for recovery of flare gas by GARO. They are of two types, single stage liquid ring compressor and two stage liquid ring compressor. This system helps in achieving near-zero flaring and reduction of costly emission with reduction of unplanned downtime. These systems are customized to offer complete packaged solution, meeting specifications, by the global network of GARO’s service & support.

Orpic Implements Flare Gas Recovery System at its Sohar Refinery

For tackling concerns regarding environmental impacts of flared gases, many projects have been introduced across the globe, Orpic (Oman Oil Refineries and Petroleum Industries Company), last year invited skilled international contractors for bidding its contract for implementation of flare gas recovery system at Orpic’s Sohar refinery. This multimillion dollar project enabled Orpic to process and recover waste hydrocarbon gases and transmute it into valuable fuel gas that can be utilized for refining operations of plant. Provision of dual benefits of emissions abatement and energy conservation was foreseen to be the result of the adoption of flare gas recovery systems in the facility.

BP Whiting Refinery to Install New Hydrotreater Unit

Only a few years after its biggest investment in state history, last year BP eyed into another massive project at former Standard Oil Refinery on Lake Michigan. BP also focused on cutting back the flaring of gases. A corporate approval was requested by BP Whiting Refinery management for construction of new hydrotreater unit which would utilize hydrogen for removal of unwanted chemicals such as halides, sulfur, oxygen and nitrogen from gasoline. If this multiyear project received approval, it would create opportunities for hundreds of construction jobs.

Installation of Flare Gas Recovery Systems by Marathon Petroleum Company

Similar capital projects have been adopted by other refineries in order to comply with looming EPA requirement aiming to reduce emissions. Marathon Petroleum Company has made an agreement on making changes for reducing air pollution from its refineries in Kentucky, Illinois, Michigan, Louisiana and Ohio. This was announced by U.S. Department of Justice and EPA in the previous year. As per the agreement, Marathon Petroleum Company commits in installing state-of-art flare gas recovery systems for capturing & recycling of gases.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12916

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