Gas flaring is the burning of natural gas associated with oil extraction. It deeply impacts climate, health and environment. About 144 billion cubic meters of gas have been flared in 2021 worldwide, resulting in over 400 million tons of CO2 equivalent emissions annually. The equivalent wasted energy could power more than 35 million houses for one year.
The Net-Zero Emissions by 2050 Scenario requires all non-emergency flaring to be eliminated globally by 2030, resulting in a 90% reduction in flared volumes as per IEA 2021 Report.
The traditional approach to flare gas utilization – collecting associated gas and transporting it through a gas pipeline – is heavily dependent on how large are the volumes and how close are existing pipeline. Oilfields are often located in remote and inaccessible places making it logistically and economically challenging.
When production sites are small and dispersed over a large geographic area, capturing and using the associated gas is often viewed as prohibitively expensive. An estimated 124 MM m³/d of gas flared worldwide are from onshore sources under 85.000 m³ per day.
Therefore, Oil producers face significant challenges capturing, storing, transporting, and distributing associated gas. The cost of ending all routine flaring could be as much as $100 billion.
Macaw energies mission is to avoid flaring and to monetize wasted gases, by converting them into better energies. We enable end-users displace other more polluting fuels that generate higher emissions per energy unit, such as coal and diesel.
We help Oil&Gas producers achieve carbon neutral targets while creating additional revenue streams. We also help our clients to secure clean and affordable energy.
Our proprietary cost-efficient micro scale liquefaction module enables monetizing moderate volumes of off-grid natural gas, otherwise non economically viable to manage with other technologies.
Our solutions apply to associated gases, biogas productions, and stranded wells providing regional industries and communities access to local energy whole eliminating greenhouse gas emissions from venting and flaring.
To unlock the capital expenditure hurdle and create positive impact, we operate as sustainable LNG producers where we buy the feed gas, treat it, liquefy it and distribute it to regional off takers in need for affordable clean energy.
On client site, we use proprietary designs to receive, store and regasify the LNG. The client experience a smooth gas delivery operation all managed by Macaw.
Modular design enabling production scalability and capital expenditure optimization.
Skid mounted with small footprint designed for mobility and prompt installation.
Designed for reliability at scale with digital remote monitoring and interventions.
Engineered for ZERO venting and maximal environmental positive impact.