New Threats That the Oil Tanker Business Could Face in 2017

With low oil prices, higher demand, and surging output, the oil tanker industry has boomed globally. However, a recent Wall Street Journal (WSJ) article speculates that the booming industry may face a number of threats in 2017. A few of them are discussed below.

In the oil and gas business, it is essential to increase efficiency and safety, learn how our valve and fittings innovative designs increase productivity and accuracy in gas-filling stations.

Overcapacity

As stated, the oil tanker industry is booming, and the WSJ article reports that some international fleets are expected to add more than 200 new tankers by 2017. About 40% of those vessels will be very large crude carriers, or VLCCs, the largest class of tankers.

While adding more ships sounds like good news, it poses a threat for the oil tanker industry. Adding more vessels to the waters presents the possibility of overcapacity, and having too many ships can lead to decreased revenue, especially if the demand for oil drops.

Oversupply

The oversupply of oil is leading production, rendering many of the ships rolling out within the next few years, including the new VLCCs, useless as many oil producers are working to decrease the output of oil. According to a recent article, many have already considered freezing oil production to relieve the worldwide glut.

On top of that, the oversupply has caused lower demand, with tanker rates falling 40% from a recent high last year.

Rising Oil Prices

Oil Tanker Oil prices are back on the rise, and many are trying to keep it that way. But it isn’t to ensure revenue; it’s to decrease the global oversupply of oil. As mentioned, companies are considering halting operations and productions to help to maintain higher oil prices to reduce production and prevent excess.

However, maintaining high oil prices could pose a threat to the future of the oil tanker industry. If the glut is eliminated and prices remain high, demand could wane severely and cause a decrease in revenue for producers.

Increased Tanker Costs

The reduction of US oil imports is causing crude oil to be delivered to more locations, including various parts in Asia. Unfortunately, moving oil from the Middle East and Africa to new locations is causing many monetary issues.

The voyage to Asia is longer, which means shipping costs have increased. On top of that, the extended journey has led to higher storage costs.

Floating Storage: Possible Good News for the Oil Tanker Industry

The oil tanker industry is looking at many challenges and threats for 2017 and beyond, but floating storage could benefit the industry. Floating storage gives producers and traders a place to keep spare oil that they can later sell for profit.

Using these facilities could help the industry to recover, according to Erik Broekhuizen, head of tanker research at Poten & Partners. “If there is a significant pickup in floating storage, then tanker rates could very quickly spike up again and quickly take tanker-loading capacity out of the market,” he said in the WSJarticle.

Read CPV Manufacturing’s blog for more industry news.

Helium Shortage Solved by Extracting from Carbon Dioxide

Last year, Priceonomics.com reported that the US National Helium Reserve would be depleted by 2020. However, Air Products, a world-leading industrial gas company, just filled its 100th helium ISO container at their Doe Canyon Helium plant.

But how can anyone fill 100 containers of helium during the shortage? Read on to find out.

Understanding the Helium Shortage

Helium tank Helium is the second most abundant element in the universe. However, most of it exists up in the stars. The earth’s crust does emit some helium, but it’s extremely light and rises into the atmosphere, making it quite difficult to harvest. This is one of the biggest reasons there’s a helium shortage.

Another factor is the increased demand of advanced tools and technologies throughout the years. From MRI machines to cryogenics, helium was a required component for operation for many industries. So as the demands for these technologies grew higher, so did the demand for helium.

Because of these reasons, production couldn’t keep up with demand. Now, the US National Helium Reserve has fewer than 1 billion cubic meters of helium. The amount will be substantial to help with the shortage but only for a short time.

Reversing the Helium Shortage

Today, most of the helium produced comes from processing methane and other natural gases. But some natural gas fields don’t contain helium and many more don’t have enough to extract.

helium However, Air Products has introduced a new technology that will revolutionize helium production. Instead of relying on methane, the company uses naturally occurring gas composed mostly of carbon dioxide, which contains high concentrations of helium.

According to a recent press release, they use a new technology process to produce pure helium from the carbon dioxide stream. Then they extract the helium from the gas stream. This innovative method provides an economic way to help with reversing the helium shortage.

In fact, they’re predicted to produce up to 230 million cubic feet of helium per year. That’s enough to replace more than 15% of the current BLM reserve helium supply.

In addition to Air Products’ revolutionary technologies, helium plants in Qatar have lead the country to become the world’s largest export and the second largest producer according to Gulf Times. Plus research has just located a helium gas field in Tanzania’s East African Rift Valley. According to the Washington Times, this new discovery could reinflate the supply.

The helium shortage may be a problem for now, but new discoveries, technologies, and plants can help to replenish the supply.

Check out CPV Manufacturing’s blog for more industry news.

Floating Liquefied Natural Gas Production Benefits & Limitations

With Shell constructing the world’s first floating liquefied natural gas (LNG) vessel, floating LNG production processing and storage ships have become a big topic of discussion in the oil and gas industry.

Floating LNG production processing and storage ships offer a way to develop offshore natural gas on the open sea. These facilities extract, process, liquefy, and store gas from the seabed. The vessels also offload the materials to a tanker and are taken to the market.

LNG Ship White Industry experts have mixed views about this new means of production. To help you understand why, here are some of the benefits and limitations of floating LNG production processing and storage ships.

Benefits of Floating LNG Plants

One of the biggest benefits of floating LNG producing processing and storage ships is that they help to reduce an environmental footprint. Unlike conventional offshore LNG plants, these facilities don’t need transport pipelines to get their materials to the shore. Instead, they do everything from processing to liquefying the gas onboard the vessel and offload the materials to tankers for transport. This reduces land disturbance and decreases the impacts on coastal habitats.

Floating LNG facilities are predicted to open up stranded gas, or gas that’s wasted or unused, as well. Stranded gas is usually located offshore in remote areas that can be difficult to reach for traditional plants. However, the advanced technologies within floating LNG vessels can access these locations to develop the gas in marginal and remote oil fields.

LNG Ship On top of that, floating LNG plants can provide economic benefits across the world. Additional business opportunities will provide more chances for other countries to develop stranded offshore gas fields in their respective areas.

Most importantly, floating LNG facilities are versatile. Since pipelines aren’t required to get the material to shore, these plants can easily be moved to other locations for more development. Best of all, this eliminates the cost of recycling a structure.

Limitations of Floating LNG Plants

While floating LNG production processing and storage ships offer a number of industry benefits, there are a few challenges and limitations they have to overcome.

Natural forces are one of the most prominent hurdles for floating LNG plants. Since these facilities are stationed on the open water, everything is exposed to harsh elements. For example, during production and storage, wave motion and currents can cause sloshing in partially filled tank, which can lead to spillage.

Plus floating LNG facilities may provide a more cost-effective means of production and transport, but these plants will need specially designed items to ensure proper operation. KPMG states that a specialized LNG containment system will need to be installed to prevent sloshing. On top of that, safe systems for offloading cryogenic liquid will be required to withstand difficult sea conditions. All of these will add to the overall costs of construction.

Additionally, floating LNG facilities will need to implement specific maintenance schedules that can cost time and money because these plants have a limited number of accommodations.

Industry experts may have mixed feelings about floating LNG production processing and storage ships. However, they’ll provide long-term benefits to the oil and gas industry. So it’s possible to see more floating LNG facilities in the future.

Visit CPV Manufacturing’s blog for more information and news about the oil and gas industry.

2016 Fugitive Emissions Summit Americas Expo Highlights

Distributors, manufacturers, suppliers, and EPCs gathered at the George R. Brown Convention Center in Houston, TX, for the inaugural Fugitive Emissions Summit Americas on June 13 and June 14. For two days, industry leaders provided event goers with the necessary information to control fugitive emissions and discussed current trends, news, and best practices.

Here are a few highlights from the 2016 Fugitive Emissions Summit Americas Expo.

About Fugitive Emissions Summit Americas

plant thermal power The 2016 Fugitive Emissions Summit Americas was designed to help the industry better comply with the rules and regulations set by the Environmental Protection Agency (EPA). During the expo and conference, experts from Tesoro, United Valve, and many more organizations held workshops, plenaries, and short educational lectures to help many control fugitive emissions.

For example, Chris Lehmann of TRICORD Consulting discussed EPA regulations and consent degrees. Matt Wasielewski of Yarmouth Research & Technology spoke about common low E failure modes for valves.

Other plenary paper presentations at the conference and expo touched on a variety of topics, including:

Low emission testing
Industry trends
Valve and packing testing
Valve sealing technology
Refinery and chemical plant applications

Workshops at the 2016 Fugitive Emissions Summit Americas Expo and Conference focused on everything from standards and testing to gaskets and proper installation and maintenance of valves.

A Focus on LDAR

pollution The event also focused heavily on leak detection and repair (LDAR) programs and how current regulations affect all industries and what they can do to meet these guidelines downstream or upstream.

During the expo and conference, a plenary was presented by Bronson Pate of Sage Environmental Consulting that discussed the modernization of LDAR. Pate also led a workshop that focused on compliance sustainability in LDAR and whether consent decrees were possible.

According to Fugitive Emissions Summit Americas Chairman Rodney Roth, “The program will be based on the presentation of new and innovative technologies to help everyone succeed with the development and continued improvement of the LDAR programs you are charged with managing.”

2018 Fugitive Emissions Summit Americas

Following the success of this year’s event, we can confirm that the Fugitive Emissions Summit Americas expo and conference will return in the summer of 2018. Exact dates and event details have yet to be released. Stay tuned for updates about Fugitive Emissions Summit Americas 2018.

CPV Manufacturing strives to control fugitive emissions. Our shutoff and control valves are designed to meet even the strictest fugitive emissions standards and ensure safer operation and cleaner air. For more information, contact CPV Manufacturing.

Cryogenic Equipment Market Growth to Result in Higher Oil & Gas Demand

Stringent government regulations and new and emerging markets in various countries are contributing to an increase of cryogenic equipment worldwide. According to a new report by Grand Research, Inc., the global cryogenic equipment market is expected to grow to $25.05 billion by 2022.

The report lists a number of factors contributing to the market’s increasing value. Here are a few of the top factors.

More Natural Gas Production

LNG ship wbr Liquefied natural gases (LNGs) have been one of the biggest factors of market growth. Cryogenic equipment is mainly used to store, transport, and supply LNG.

According to the report, natural gas was a dominant segment in the market and accounted for 40% of the overall revenue share in 2014. It also states that high natural gas production has contributed largely to global cryogenic equipment market growth.

In the coming years, investments in new markets in countries such as Brazil and India as well as stricter government regulations will lead to higher natural gas production as more and more global companies opt to use low emissions fuel like LNG. As a result, demand for cryogenic equipment will rise worldwide, ensuring market growth.

Increased Transportation and Storage of LNG

Increased LNG transportation and storage will also help to boost cryogenic equipment market value.

LNG Ship LNG is considered a cryogen and must be kept at very low temperatures to maintain its liquid state. Cryogenic equipment works to maintain the temperature during storage and transportation if the pressure remains constant inside.

One type of cryogenic equipment is vacuum jacketed pipes. They’re described as high-performance, low-heat-leak vacuum-insulated pipes specifically designed to transport cryogenic liquids. Vacuum jacketed pipes are forecasted to help increase market value by more than $1.5 billion by 2022.

Cryogenic tanks are used to store LNG. In 2014, tanks were valued at $6.5 billion—55% of the overall market revenue share. The report expects that increased trade and production will lead to higher demands for storage tanks within the next six years.

North American Food and Beverage Industry

The cryogenic equipment market isn’t limited to the oil and gas industry. The North American food and beverage industry is also expected to help boost overall market value by 2022.

With increased awareness about energy usage, waste, and carbon emissions, more companies have been adopting eco-friendly methods and are using cryogenic equipment for chilling and freezing.

In fact, Grand View Research, Inc.’s report states that cryogenic equipment in the North American food and beverage industry was valued at over $1 billion in 2014 and will continue to grow over the next six years.

On top of that, industry trends are leading to the rise of frozen foods and, as a result, a rise in cryogenic equipment in North American food and beverage companies.

Contact CPV Manufacturing to learn more about our products and valves.

New Regulations for Methane Emissions from Gas and Oil Industries

The Obama administration has announced plans to regulate methane emissions in oil and gas industries for the first time, according to a recent press release from the Environmental Protection Agency (EPA). It stated that new rules and regulations will address methane emissions in the gas and oil industry.

But what exactly does this mean? Read on to find out.

About the EPA’s New Regulations

Methane Emission The EPA’s new rules will target both new and existing sources in the gas and oil industries. They will finalize a set of standards that will help to reduce a number of harmful pollutant emissions, especially methane, in new, modified, or reconstructed sources.

Methane is one of the key components of natural gas and considered a potent greenhouse gas. It also makes up nearly one-third of the emissions coming from oil production as well as the production, transmission, and distribution of natural gas. According to the EPA, it has 25 times more global warming potential than carbon dioxide.

The EPA also states that they will issue an information collection request (ICR) to existing sources. This will legally require oil and gas companies to provide the information needed to control emissions.

These regulations are part of President Obama’s Climate Action Plan and will help the administration achieve its goal of reducing methane emissions from oil and gas companies by up to 45% from 2012 levels by 2025.

Industry Opinions on Regulations

For the most part, oil and gas companies had negative reactions to the EPA’s recent regulations. In a Washington Post article, Kyle Isakower, the American Petroleum Institute’s (API) vice president for regulatory and economic policy, said, “It doesn’t make sense that the administration would add unreasonable and overly burdensome regulations when the industry is already leading the way in reducing emissions.”

He also mentioned that these new regulations address the high emissions many companies are already trying to reduce and that they could pose more issues in the future. “Natural gas is a proven source of clean, affordable, and reliable energy. The development and use of natural gas from shale has helped the U.S. lead the world in cutting power sector carbon emissions, which are near 20-year lows,” Isakower said in a recent API press release. “The last thing we need is more duplicative and costly regulation that could discourage natural gas production, disrupt our progress reducing emissions, and increase the cost of energy for American consumers.”

Other companies, like the Natural Gas Supply Association, also don’t agree with these new standards. However, they will comply to further help reduce emissions. “EPA is taking a misguided approach to reducing methane emissions from natural gas systems, our companies take all compliance obligations seriously,” the company said in a statement. “Our industry is wholeheartedly committed to continued reductions of methane emissions, as our record has demonstrated continuously for the past 25 years.”

Benefits Will Outweigh the Negatives

While some companies oppose the EPA’s new regulations, the Obama administration states that the long-term benefits of these rules will outweigh the short-term drawbacks.

The finalized standards are expected to cut 510,000 short tons of methane by 2025. This is equal to 11 million metric tons of carbon dioxide. On top of that, the EPA predicts that these policies will yield climate benefits of $690 million by 2025, outweighing the projected costs of $530 million.

In addition, EPA Administrator Gina McCarthy said these new rules are expected to ensure cleaner air and a healthier population. “Together these new actions will protect public health and reduce pollution linked to cancer and other serious health effects while allowing industry to continue to grow and provide a vital source of energy for Americans across the country.”

At CPV Manufacturing, we understand how important it is to control fugitive emissions. This is why our shutoff and control valves are compliant with the highest fugitive emission standards and designed to deliver safer operation and cleaner air.

For more information about our valves, fittings, and other products, contact CPV Manufacturing.

Compressed Natural Gas (CNG) as Alternative Fuel

With increasing federal clean air regulations and restrictions, more and more companies have made the switch to cleaner energy sources. One of the most popular alternative fuel sources is CNG, or compressed natural gas. Used in a number of applications, CNG is known for its low emissions and various other eco-friendly benefits.

But is what CNG and how can it be used as an alternative fuel source?

What Is Natural Gas and CNG?

cng Natural gas is a mixture of methane and other hydrocarbons. It makes up about a quarter of the energy used in the United States and is commonly used for home, commercial, and electric power production purposes. In its purest form, natural gas is colorless, odorless, and shapeless.

When natural gas like methane and a mixture of other hydrocarbons are compressed to less than one percent of its standard atmospheric pressure, CNG is produced.

CNG is predominantly used in vehicles for light-, medium-, and heavy-duty applications. It is stored in vehicles within the cylinders in a compressed gaseous state at 3,000 to 3,600 psi.

Benefits of CNG

Natural gas provides a number of benefits for all industries. However, it’s most helpful in the automotive industry. With federal clean air regulations mandating significant reductions in truck emissions over the next decade, automakers are choosing alternative fuels like CNG to power their vehicles because CNG is known to produce lower emissions.

According to the US Department of Energy’s Alternative Fuel Data Center, vehicles running on certain natural gases can reduce the life cycle of greenhouse gas emissions by 11%. Plus those with CNG fuel systems don’t generate evaporative emissions.

Fueleconomy.gov also states that natural gas produces 20% to 45% less smog-producing pollutants.

In addition, natural gas vehicles produce comparable power, acceleration, and cruising speed to cars running on gasoline or diesel while reducing emissions. Simply put, these vehicles can deliver power and performance while maintaining fuel economy.

The automotive industry has already started taking the steps to ensure more environmentally friendly vehicles are produced. A recent Trucks.com article reported that Cummins Westport, Inc. has developed a new ultra-clean CNG engine. This could lower tailpipe pollutants, including nitrates of oxygen, smog-causing particles, and greenhouse gases.

Drawbacks of CNG

CNG, while helpful for reducing emissions, does have a few disadvantages. Because using CNG as an alternative fuel is somewhat of a new tactic, vehicle selections are scarce. However, conventional gasoline and diesel engines can be retrofitted to work with CNG.

On top of that, Fueleconomy.gov mentions that CNG isn’t as readily available compared to conventional gasoline and diesel, and vehicles powered by it will get fewer miles on a tank of fuel.

With a rising importance on clean air and the environment preservation, we can expect CNG and other natural gases and alternative sources of energy to replace conventional gases within vehicles.

Petrochemical Success Leading to Surplus of Global Plastics

The success of petrochemical industries across the world is leading to a global surplus of polyethylene (PE) and polypropylene (PP), two of the most common plastics, according to a recent report from the IHS research firm. Between 2015 and 2020, roughly more than 24 metric tons of PE capacity is predicted to be added to the world’s global supply.

However, the surplus of global plastics will have some effects on petrochemical industries in countries across the world.

Growing Petrochemical Industry in North America and China

Petrochemical North America and China are predicted to produce the majority of the surplus of plastics in the coming years.

With more cost-effective production options thanks to the surge of shale gas-derived feedstock, the United States is expected to add about 8 million metric tons of new PE capacity to the world’s global supply. This will boost its net export position of plastics and rebalance the global chemical trade flows that have favored the Middle East for decades.

According to Nick Vafiadis, global business director of polyolefins and plastics for IHS Chemical, North American converters will also benefit from the oversupply. “In the near-term, this excess capacity is good news for North American converters, who will be more competitive on a global basis due to the increased competition associated with the PE capacity expansions,” he said.

In China, the country’s growing petrochemical industry will contribute a great deal to the surplus of plastics within the next few years as well. IHS expects China to add about 17 million metric tons of new PE and PP capacity to the world’s global supply.

Effects on Global Petrochemical Industries

The IHS report also states that the surplus of plastics can have negative effects on the global petrochemical industry. “The U.S. and China are now competing with the Middle East for global PE/PP market share which should have significant impact on pricing and margins,” Vafiadis said.

He goes on to say, “There will be significant trade imbalances as we see North America and the Middle East both add more PE capacity than is warranted for their domestic markets, so exports will be key for producers.”

IHS predicts that prices and profits will decline and plans to expand or build petrochemical plants can be delayed or cancelled because of this. According to FuelFlex.com, Ascend Performance Materials, a Houston, TX-based company, has already delayed construction of its propane dehydrogenation plant indefinitely.

It’s clear that the surplus of global plastics would present some negative effects on petrochemical industries. However, Vafiadis mentions that with low oil prices, the environment can be even more attractive for new plastic applications, which can promote new innovations in PE and PP technologies.

As global plastic production grows, CPV Manufacturing is proud to serve the petrochemical industry with high-quality valves and fittings. To learn more about the products that we offer, contact us now.

Challenges That the US Petrochemical Industry is Facing in 2016

The US petrochemical industry is becoming more and more indispensable for human progress, according to Stephen Pryor, former ExxonMobil Chemical president. However, regardless of its revolutionary successes, the industry is slated to face a number of challenges in 2016 and beyond.

Here are some of the most important hurdles the industry can expect.

Opposition to Free Trade

According to Platts, the US petrochemical industry has seen great investment as well as new projects thanks to cheaper, shale-based feed stocks. Most of these projects have created plastics and end products that benefit a growing middle class in a developing world.

However, rising opposition of free trade could make it more difficult for the industry to provide other regions with the products as well as the chemical and feed stocks needed to make them.

During his Petrochemical Heritage Award acceptance speech during the International Petrochemical Conference in March, Pryor noted that the reason for the increased restriction of free trade is that it doesn’t cater to the industry’s current interests. “We don’t like free trade if it doesn’t suit our interest,” he said. “[But] we have to stand up for free trade and do it even when you think, ‘Right now, my interest won’t be better served.’”

He also goes on to say that while free trade wouldn’t provide immediate results, it could provide long-term benefits that would outweigh short-term drawbacks.

Shortage of Skilled Technical Workers

Petrochemical Industry Pryor also mentions that the shortage of skilled technical workers would be a definite hurdle the industry must overcome in the future.

In his acceptance speech, he mentioned that new plants and more jobs won’t be enough to solve the issue. The industry also needs to make sure that they have the right employees working within them. “We’re building all these plants and we can’t find technical skilled workers for them,” Pryor said. “So my view is, don’t sit there and wait for the government to fix it; let’s do something about it ourselves.”

Using ExxonMobil as an example, Pryor described the company’s initiatives in building a bigger workforce. He said they teamed up with universities and technical schools to provide students with the proper training needed to work in the industry.

Declining Crude Oil Prices

The most prominent challenge that the US petrochemical industry is slated to face is the declining prices of crude oil. “The way crude oil prices will trend in the next 12 to 24 months will have a significant impact on regional competitiveness, cash margins and, perhaps most importantly, future decisions being made about putting new assets in the ground,” IHS Vice President Mark Eramo said in a BIC Magazine article.

However, based on industry trends, the US petrochemical industry won’t be struggling with this too long. The BIC Magazine article states that the middle class in the United States and across the country is growing. With that comes the higher demand for more plastic consumer goods, which can mean more plants and more overall business.

It’s certain the US petrochemical industry will face challenges for 2016. But as an indispensable market for human progress, the challenges can pose new opportunities for modern living.

CPV Manufacturing proudly serves the petrochemical industry with valves that are used during petrochemical production. We offer a wide range of custom valves and corrosion-resistant stainless products. Contact CPV Manufacturing to learn about high-quality valves and fittings.

Primus Green Energy to Launch Commercial Gas-to-Liquid Plant

Primus Green Energy of Hillsborough, NJ, has announced its plans to launch its first commercial gas-to-liquid plant. In the official press release, the gas-to-liquids technology and commercial solutions company stated that the plant is scheduled to commence production in 2017 for regional distribution to the Marcellus shale region. The plant will deliver 160 megatons on methanol per day.

Primus Green Energy also noted that three additional plants are in the works for the following years. These will increase its capacity to 640 tons per day.

Primus STG+™ Technology

Energy Plant All upcoming plants will use Primus Gas-to-Methanol STG+™ Systems, the company’s standardized modular gas-to-liquids systems. Described as a cost-effective solution to the lack of a natural gas pipeline in remote locations, these work with a variety feedstock types and can produce AA-grade methanol anywhere a feed gas source is located.

These will convert Marcellus feedstock into methanol locally, resulting in lower production and transportation costs for regional clients that usually source methanol from international areas and the US Gulf Coast.

In addition, Sam Golan, chief executive officer of Primus Green Energy, said the plant will present clients with a great deal of benefits. “The launch of our North American methanol plant in the Marcellus and additional commercial builds to follow for our clients globally demonstrate how Primus’ standardized, modularized STG+ solutions can provide world-class economics in smaller distributed plants,” he said. “In North America specifically, our technology offers clients a politically-stable, cost-effective avenue for local methanol and gasoline production, and we look forward to continuing to provide the industry with this domestic solution.”

Offtake Agreement with Tauber Oil

Energy Plant Primus Green Energy also confirmed that the company has signed an offtake agreement with Tauber Oil for its first upcoming plant. According to the official announcement, Tauber Oil will offtake all of the methanol that the plant produces to market, sell, and distribute to the regional market.

For Primus Green Energy, working with Tauber Oil will allow the company to provide local methanol to more clients in the region.

In the announcement, George Boyajian, chief commercial officer of Primus Green Energy said, “Working with Tauber – an established methanol distributer with an extensive client roster and deep market knowledge – allows us to confidently deploy our system to arguably the largest shale play in the United States.”

For Tauber Oil, partnering with Primus Green Energy will help to create an environmentally friendly way to provide their customers with a cost-effective, high-quality product. “With its uniquely attractive economics, Primus’ technology has the ability to produce methanol at a competitive price at regional scale in the Marcellus,” said Steven Elliott, vice president of petrochemicals at Tauber Oil. “As a result, the system will provide our customers with a high-quality product at an advantaged price, while – at the same time – reducing the carbon footprint associated with the production and transportation of both natural gas and methanol.”

Interconn Resources, a subsidiary of Tauber Oil, has also signed on to supply natural gas to the plant.

CPV Manufacturing is a leading manufacturer of valves and fittings used in the gas industry. Learn more about our product lines or contact us directly.