Greenvironment receives initial orders from a renowned oil and gas producer
13. September 2011:
Greenvironment GmbH, a 100% subsidiary of Greenvironment Plc (WKN: A0YEKX / Symbol: GIV) has received orders from a well-known oil and gas producer to build two 200 kW microturbine CHP plants in Germany.
In the extraction of crude oil there is always a gaseous mixture of a wide variety of hydrocarbons (associated petroleum gas - APG). The client now intends to convert those gas volumes that accrue in its oil and gas fields into electricity as well as heat by using microturbines and thus to ensure an energetic usage.
Greenvironment is building a pilot plant that should prove that quantity fluctuating gas volumes, whose composition is variable, can be effective energetically used in microturbines. These microturbines of power-performance class will be operated unitized or as a power block. By changing the gas composition is also intended to determine which application scope is possible and accordingly at what effort present gas can be changed so that it can be used in microturbines. The generated electricity is primarily used for the operation of the plant. Excess electricity is fed into the grid of the local utility. The thermal energy will be used as process heat.
Matti Malkamäki, CEO of Greenvironment Plc, said: "These initial orders from a major oil and gas producer in Germany are of enormous importance for Greenvironment because it opens up many new opportunities - especially in the oil and gas sector. I am firmly convinced that our microturbine CHP plants will stand the pilot test."
This applications give us a lot of know-how about how the turbines can be used on associated petroleum gas. We have a number of similar cases waiting, not only in Germany but in Poland and Romania as an example, where similar needs do exist. The total number of possible plant sites in in our countries of operation is more than 100", adds Matti Malkamäki. |
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