ENG today announced the acquisition of Calvert Group Belgium (Calvert) and its exclusive license to patented gas to liquid (GTL) technology to convert flare gas and stranded gas to synthetic liquids such as crude oil or diesel. Calvert’s GTL process has been recognized by The World Bank’s “Global Gas Flaring Reduction Partnership” (GGFR) as one of the leading technologies in small scale GTL for flare gas recovery.
Gas flaring, the process of burning-off associated gas from oil wells and hydrocarbon processing plants either as a means of disposal or as a safety measure, is today recognized as a major environmental problem, contributing some millions of tons of CO2 emissions worldwide. It also has major economic implications, with significant volumes of a valuable natural resource being wasted.