30 billion dollars lost per year in the oil and gas industry due to fugitive emissions
Fugitive greenhouse gases (GHGs) have global warming potentiaL nearly 24,000 times greater than CO2
Valves account for more than 51% of all the fugitive emissions in the oil and gas industry
Fugitive emissions include powerful greenhouse gases such as methane and helium. Leaky valves are responsible for approximately two-thirds of fugitive emissions at a typical petrochemical refinery.
Current valves have numerous design limitations that cause leaks and extensive maintenance, safety, environmental, and financial problems. Violating EPA standards can result in fines of up to $10,000 per day per valve.
Zero-emission valve technology could reduce 5,600 tons/year of toxic air pollution and 52,000 tons/year of organic compounds currently released to the atmosphere. The market has never before had a high-temperature magnetic valve that can be hermetically-sealed and is guaranteed to be lifetime leakproof.
A new stemless valve technology eliminates the need for valve stem maintenance and pays dividends many times over in reduced maintenance, improved safety, lower lifetime cost of valves & valve parts, and zero emissions. It is particularly appealing to the oil industry since recent supplies of oil such as fracking wells contain high concentrations of volatile components such as H2S.
