OneLng, Inc. is honoured to announce the signing of an agreement with Ecospray, an Italian developer of innovative solutions for micro-liquefaction of biofuels. Through the collaboration with OneLng, Ecospray will expand its offering to the natural gas liquefaction sector in the United States.
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.
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