TRANSVAC PART OF £25 MILLION FUNDING FOR GREEN TECHNOLOGIES

Government invests £25 million in game-changing green technologies Transvac Systems Ltd were thrilled to be awarded a share of £25 million of Government funding to invest in new green technologies. Only 40 new innovations were chosen for a share of Innovate UK’s Energy Catalyst scheme, which is designed to help tackle the so-called energy ‘trilemma’ of reducing carbon emissions, increasing security of supply and cutting the cost of energy. 1 Transvac, in collaboration with the University of Nottingham, have received £285,000 of funding. This collaboration project will focus on ‘Multistage Gas Compression Optimisation for Flare Gas Recovery’ (project number 102203) namely allowing Transvac to further develop it’s FlareJet™ Ejector for eliminating waste flare gas. Transvac’s FlareJet™ solution is a complete, turnkey zero-flare solution for the oil & gas industry. Providing up to 150:1 compression, FlareJet™ recovers waste gasses with ease and eliminates the need for flaring outside of emergency situations. Using experience gained over 40 years and fine tuned in Transvac’s R&D test facility, FlareJet™ offers the very latest in cutting-edge Ejector technology and performance. The government funding will allow further development of this technology in Transvac’s state of the art Research and Development test facility on site at their head quarters in Derbyshire. Transvac have worked closely with the University of Nottingham on a number of projects and are delighted to be working together again thanks to Innovate UK, the UK’s innovation agency. Innovate UK is the new name for the Technology Strategy Board – the UK’s innovation agency. Taking a new idea to market is a challenge. Innovate UK funds, supports and connects innovative businesses through a unique mix of people and programmes to accelerate sustainable economic growth. For further information visit www.innovateuk.org 1 https://www.gov.uk/government/news/government-invests-25-million-in-game-changing-green-technologies