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Author Topic: Flare Mining - Turning Waste Natural Gas into an Alternative Store of Value  (Read 29 times)
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February 12, 2018, 03:28:08 AM

Flare Mining’s innovative, flare gas capture and processing systems turn raw associated gas and from a waste into digital currency income.

Gas flaring is the combustion of associated gas produced with crude oil or from gas fields. The impact of gas flaring is of local and global concern. Gas flaring is one of the most challenging energy and environmental problems facing the world today whether regionally or globally. It is a multi-billion dollar waste, a local environmental catastrophe and a global energy and environmental problem which has persisted for decades.

The option to release gas to the atmosphere by flaring and venting is an essential practice in oil and gas production, primarily for safety reasons. Flaring is the controlled burning of natural gas produced in association with oil in the course of routine oil and gas production operations. Venting is the controlled release of gases into the atmosphere in the course of oil and gas production operations. Solving the problem of this “nuisance” called venting while ensuring safe operation and to minimize undesirable venting, led to the introduction of flaring.

We are delivering a plug and play product (FlarePods) that captures the natural gas that would otherwise be flared to generate emission-free electricity that will be turned in a store of value, and in the meanwhile it will reduce or eliminate onsite flaring. Additionally, it successfully demonstrates an effective means of changing the landscape for industries where flaring was previously believed to be the only solution.

We are aiming both onshore and offshore flare gas energy sources as almost 50% of the issue is coming from the ocean exploration. The solution is modular, self contained, secure, obviously remotely monitored and easily deployable in the course of 3 days. The first FlarePod units will be deployed in Mexico and the United States from March to August 2018.

Many state regulations require that oil and gas companies significantly reduce the amount of natural gas that is burned in flares over the next several years or face steep penalties and potential curtailment of oil production for wells that do not meet the reductions. This increasingly requirements for oil and gas companies are meant to curb the venting and leaking of natural gas during their operations. When released, natural gas emits methane, a potent greenhouse gas, into the atmosphere.

Satellite + Celular connection ensures that doesn't matter where you are, as long as you have flare gas available. It provide clean methane utilization without capital intensive gas clean-up, huge capital costs for untested technologies, or heavy maintenance associated.

We are deploying a system that balances energy supply and demand at a global scale without distribution networks. The decentralization of bitcoin is able to drive the decentralization of energy production, which could turn into one of the most important trends in human history.

At this moment we want to grasp the feel of the community to participate in this buisness. We are until the end of May, accepting early investors to come aboard.

Soon we will be deploying our whitepaper and technical information! See you soon!

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