Montrose Environmental Group announced on January 10, 2025, its role in a significant U.S. Department of Energy (DOE) initiative. Montrose will provide third-party assessment of flaring and methane emissions reductions for Pioneer Energy's four awards, collectively totaling $27 million.
These awards are aimed at advancing Pioneer Energy's Emission Control Treater (ECT) technology, a near-zero emissions well pad production system. The ECT is designed to increase crude yield by 5-10% and eliminate routine flaring, with Montrose assessing the achieved reductions.
Montrose's involvement in these projects, which include commercial-scale deployment, adaptation for sour crude, and mini-ECT systems for marginal wells, underscores its expertise in environmental monitoring and validation. This partnership supports the broader goal of energy security while achieving nearly zero production site emissions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.