Eneco says that this solution has been proven to increase production rates by oil & gas customers, and eliminate the routine flaring process in oil and gas production, reducing carbon emissions and contributing to more sustainable industry practices.
“Securing the exclusive distribution rights for this innovative engineering solution marks a major strategic milestone for our group, where innovation, efficiency, and sustainability are key drivers of long-term value within the energy landscape. With its proven efficacy and adaptability, we believe this innovative engineering solution holds strong commercial potential across Southeast Asia, where the demand for cost-effective, eco-friendly energy solutions is rising,” says Ang Jun Long, executive director of Eneco.
Shares in Eneco Energy closed flat at 0.9 cents on July 21.
