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Congratulations to the first PETRONAS Technology Challenge winner!

The inaugural PETRONAS Technology Challenge has come to an end! We are pleased to announce the winner of the first PETRONAS Technology Challenge, on Monetisation of Associated Gas from Offshore Flares.

 

The goal of this challenge is to discover possibly the best economic solutions to monetise Associated Gas (AG) from offshore flaring facilities which has neither existing gas utilisation nor evacuation infrastructure. The objective is to beneficially utilize the hydrocarbon resource and reduce the carbon footprint and its intensity.

 

Although the recent advances in Technology has enabled economic deployment of various gas monetisation system in onshore environments, the challenge to bring these solutions offshore still remains.

 

This first Challenge received 34 complete proposals from 10 different countries across the globe, with a diverse range of promising solutions. The solutions ranged from Gas Processing, Gas to Liquids, Gas to Power, Gas to Solids and even Gas to Food. These proposals were subjected to an evaluation based on the criteria developed by our team of techno-commercial experts.

 

From these submissions, we have chosen one proposal as the winner of our challenge.


Congratulations to the winner:​


Transw​ater / MTC Engineering Consortium

  


 

The proposed solution looks at a floating compressed natural gas system (FCNG) with innovative CNG transfer systems.


PETRONAS will continue to work further with the winner to proceed with maturation of their proposal and subsequent deployment upon meeting the agreed mutual targets.

 

We would like to thank all visitors and participants who visited Innovation Gateway @ PETRONAS and showed interest in our challenge. We will be updating our page from time to time with more interesting challenges and we look forward to your continued interest and participation.