- SRJ Technologies Group (SRJ) has joined forces with John Crane to help businesses tackle fugitive methane emissions from process plants and pipelines
- The deal will see both companies collaborate to offer an end to end service to detect, evaluate and reduce sources of fugitive methane emissions
- The agreement comes as it is expected governments around the world will be setting greenhouse gas emissions targets as part of their energy and climate policies
- On market close, SRJ is up 5.88 per cent and is trading for 54 cents per share
SRJ Technologies Group (SRJ) has signed a global collaboration agreement with John Crane to detect and mitigate fugitive methane emissions.
John Crane is a U.S. subsidiary of diversified multinational group Smiths Group. The company offers a wide range of services designed to help improve equipment reliability, lower total cost of ownership and reduce downtime.
The deal will see both companies collaborate to offer an end-to-end service to detect, evaluate and mitigate sources of fugitive methane emissions from process plants and pipelines.
Methane detection technology provided by one of John Crane's associated companies will be used to carry out the detection surveys using light aircraft or drones. Data from the detection technology will then be assessed on the severity and location of emissions or if further on-plant detection surveys are required.
The companies will then develop appropriate mitigation plans and once customers approve the plans, will design, plan and implement containment management solutions.
The agreement comes as it is expected governments around the world will be setting greenhouse gas emissions targets as part of their energy and climate policies.
"Consequently, the oil and gas industry is surrounded by aggressive regulatory and sustainable investor pressure to dramatically improve it’s climate change credentials," CEO Alex Wood said.
"The combination of ageing facilities and uncompromising national and international emissions regulations will drive demand not just for improved emissions detection but also for the engineering solutions to control or eliminate such emissions," he added.
On market close, SRJ is up 5.88 per cent and is trading for 54 cents per share.