Aggreko has exceeded a record of two gigawatts of live gas generation capacity, through pursuing flare gas to power projects and monetising stranded gas assets
In line with a global focus on flaring reduction spearheaded by initiatives such as the World Bank’s Global Gas Flaring Reduction Partnership (GGFR), Aggreko has delivered more than 210 projects worldwide, including an offshore project in Indonesia that harnessed flare gas to generate 27 weeks of reliable power supply for an offshore microgrid. In the Middle East, Aggreko is currently delivering a project that is repurposing 40 million standard cubic feet of associated petroleum gas (APG) per day, reducing the operator’s flaring by a third and saving 840 tonnes of carbon emissions daily.
Aggreko has also driven growth by leveraging its expertise in modular gas to power solutions, engineering an innovative way to monetise stranded gas. Examples include three North American cryptocurrency mining projects, where the company provided the miners with a reliable source of low-cost flare gas to power for their bitcoin mining operations.
With the GGFR pushing for an end to routine flaring by 2030, Aggreko anticipates significant further growth and is investing more than £200mn (US$270mn) to increase the size of its gas generation fleet as part of its overall commitment to achieve Net Zero in its own operations. Aggreko aims to reduce the amount of diesel fuel used in customer solutions by 50% by transitioning them to gas, and continuing to repurpose waste gas into power. The company is also extending its service offering, including expanding to CNG, LNG and LPG virtual pipeline solutions, with several projects already supported by this ongoing investment.
Billy Morley, global head of oil and gas at Aggreko, said, “Flare gas serves no productive purpose yet accounts for around 400mn tons of all CO2 equivalent emissions – enough to power Sub-Saharan Africa. This wasted energy can be repurposed to supply electricity in countries that need it the most, and we are working with customers around the world to provide solutions to deliver such services to a range of projects and requirements. This forms an important part of Aggreko’s sustainability commitments by offering competitive cleaner technologies and fuels that guarantee reliability of supply as alternatives – for example, we are seeing gas displace diesel in more projects than ever before.
“Whether it’s through enabling collaboration with other industries such as cryptocurrency mining, utilising virtual pipelines to move the gas to other power demands or, participation in environmental programmes, Aggreko stands ready to design and deliver these solutions and expects continued growth as a result.”
