Wednesday 17 August 2022

Qasem and El-Molla

EGPC ties up with Baker Hughes to cut emissions from flaring

CAIRO, June 29, 2022

Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation (EGPC), will deploy Baker Hughes’ flare.IQ technology in refinery operations in Egypt to help reduce emissions from oil and gas flaring operations. 
For this Baker Hughes and Petrosafe have signed a contract, which is the initial phase of a broader flare recovery partnership to be implemented at the APC Refinery in Alexandria. 
Reducing emissions
The Egyptian Ministry of Petroleum and Mineral Resources (MoPMR) aims to reduce emissions and improve the efficiency of oil and gas operations as part of its ambitious aim to reduce greenhouse gas emissions from this sector. 
Methane is one of the most harmful forms of emissions — 86 times more potent than carbon dioxide over a 20-year period. Incomplete combustion of flared gas is one of the major source of methane emissions across the oil and gas industry. 
By using flare.IQ technology from Panametrics, a Baker Hughes business, EGPC will further digitalise its emissions management infrastructure and pull critical information about its flare systems, substantially reducing emissions by ensuring a higher-efficiency flare combustion rate.
Hosting COP 27
The contract comes at a significant moment as Egypt prepares to host the 27th UN Climate Change Conference (COP 27) in November and contributes to the Global Methane Pledge. 
“Our flare recovery partnership with Baker Hughes is an important step in Egypt’s Petroleum Sector Modernisation programme as we start implementing MoPMR projects included within Egypt’s Climate Change Strategy 2050, as announced in May 2022,” said Tarek El-Molla, Minister of Petroleum and Mineral Resources. 
“Phase one of the partnership, the deployment of flare.IQ, will support our flare recovery ambitions, which is one of our Nationally Determined Contributions (NDCs), in support of the Paris Agreement objectives. We look forward to seeing the impact of flare.IQ help improve the quality of life for residents near the Alexandria plant and anticipate extending the scope to include other refineries across Egypt.”
Positive action
“Better understanding and managing emissions is central to the oil and gas industry’s efforts to reduce greenhouse gas emissions. Our partnership with MoPMR demonstrates how Baker Hughes continues to collaborate with our customers in taking positive action in emissions management,” said Rami Qasem, executive vice president of Digital Solutions at Baker Hughes. 
“This partnership with MoPMR supports its ambitious low-carbon strategy, and further underlines Egypt’s commitment to be at the forefront of tackling emissions in the oil and gas sector, as we approach COP 27.” 
The contract follows the memorandum of understanding that was signed by the two companies in February 2022. The partnership between Baker Hughes and EGPC aims to establish and drive a flare recovery initiative to support emissions recovery and reduction across Egypt’s upstream and downstream oil and gas operations.
Proven track record
Part of the Baker Hughes Climate Technology Solutions portfolio, flare.IQ is fast, accurate, reliable, easy to deploy and cost effective. It has a proven track record in optimising flare operations, achieving steam savings and significantly reducing methane emissions. 
Beyond emissions management, Baker Hughes’ extensive portfolio of Climate Technology Solutions encompasses carbon capture, utilisation and storage; hydrogen, and clean integrated power solutions.
-- TradeArabia News Service


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