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There are a multitude of emission reduction funding options available for Canadian oil and gas producers right now and it seems like one of the biggest challenges can be deciding which option works best for your organization. Picking the right funding opportunity can seem more daunting than picking a cell phone plan for your teenager (hint: get unlimited texting).
The Canadian federal government has options like the NRCan Emission Reduction Fund and has made funding available in the form of loans, grants and tax breaks.
The Alberta provincial government has implemented programs like the Methane Technology Implementation Program (MTIP) through their Technology Innovation and Emissions Reduction (TIER) fund and continues to offer financial incentives for emission reduction on a near weekly basis.
As an oil and gas producer trying to provide a safe workplace for all of its stakeholders, reduce its environmental impact on the planet and provide an economic ROI for its shareholders, reviewing and choosing which program works best can be challenging, especially if you are a small to medium sized producer with a limited staff.
Challenge
To help producers navigate through the process, many technology and equipment providers are taking extra measures to quickly increase their knowledge of the federal and provincial funding options available. EnviroVault (EV), for example, has now hired a dedicated emissions manager to focus directly on emission reduction funding options for oil and gas producers.
David Harbicht, EnviroVault’s General Manager states that “EV is now in a position where we can evaluate our customer’s well and emission data, recommend the most beneficial incentive path(s) and then provide them with an enclosed combustor purchase or rental plan to realize their emission reduction goals. Also, some programs, like MTIP for example, enable equipment and technology providers to apply on behalf of the producer. This ability creates a partnership that can really help producers find the right technology for their emission reduction plan and with assistance from their technology provider, get some funding to help implement that plan.”
Heavy oil site with EnviroVault ERx combustor
Opportunity
The benefits of this type of arrangement can be realized by all the stakeholders involved.
Trusted Path
When looking at ways to make operational changes to reduce costs, oil and gas producers have often collaborated with not only their peers in the industry and their engineering providers, but also with equipment manufacturers. Which type of process equipment works best in this area? Are there installation processes that save time and money?
Equipment manufacturers, such as EnviroVault, know their products and offer knowledgeable advice on how to meet their customer’s cost reduction goals.
Conclusion
When it comes to emission reduction goals, producers can continue to look to their equipment manufactures and technology providers for assistance.
“The goal is to eliminate emissions.” Says Harbicht. “In a time where many producers are working with reduced capital budgets and limited resources, any assistance that EnviroVault can give them to help implement emission reduction plans is another step towards that goal.”
envirovault.com
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