Increasing global population and per capita income, centered primarily in developing countries, will drive demand for energy and the products and natural resources necessary to produce them.
A widely believed consequence of global economic growth and increased population is a rise in greenhouse gas emissions and global average temperatures.
We believe that Dresser-Rand is in a unique position regarding climate change. Regardless of the source of energy, whether from traditional sources (such as fossil fuels) or from emerging clean energy applications (such as wind and wave energy), our products can lessen overall environmental impacts.
Our focus on Operational Excellence allows us to provide competitive solutions and equipment that increase energy efficiency and reduce emissions for oil production, refining, petrochemical and liquefied natural gas (LNG) facilities, pipelines, and a multitude of other applications. In addition, applying Operational Excellence to our own operations improves productivity, reducing resource consumption and the carbon footprint of our operations.
We believe we can add value to our clients’ operations by increasing the efficiency of our products and by providing solutions that lower carbon emissions.
We are aggressively pursuing innovations and technologies that help address our clients’ environmental concerns and reduce their carbon footprints.
Senior Manager, Sustainability & HSE Process Innovation
CARBON CAPTURE UTILIZATION AND STORAGE—RAMGEN® SUPERSONIC COMPRESSION TECHNOLOGY
Interest in carbon capture and storage (CCS) has been slow to attract investment around the world as economic recovery has taken center stage. However, the dialogue on global warming continues unabated. Currently, the investment is predominantly directed towards enhanced oil recovery (EOR), a form of carbon capture utilization and storage (CCUS) that can provide economic benefit without subsidies such as a carbon pricing mechanism. Dresser-Rand is a leader in the EOR compression market. The cost of large-scale implementation of CCS technologies is challenging, and the ongoing issues of storing large quantities of CO2 must be addressed. We expect that the technologies associated with CCUS will become economically feasible in the near- to mid-term.
In 2008, Dresser-Rand made an investment in Ramgen Power Systems LLC and began supporting the development of technology that is expected to reduce the cost of compression by 50% when compared to the current cost of existing compression technologies. The Ramgen technology also offers significant footprint savings and high-grade heat for energy recovery. In 2011, Ramgen completed a dedicated CO2 closed-loop compressor test facility at the Dresser-Rand Olean, N.Y., campus. This one-of-a-kind test facility supports Ramgen Power System’s demonstration of a 10 MW Ramgen supersonic CO2 compressor. It is designed to validate a 10:1 compression ratio technology in a single stage—which on an equivalent basis takes eight to 10 stages using conventional technology. This full-scale demonstration testing is expected to begin in 2012.
OCEAN WAVE ENERGY— HYDROAIR™ TURBINE
We are working to provide solutions for harnessing renewable ocean wave energy and efficiently converting it into electricity for use on land. Dresser-Rand engineered and developed the patent-pending HydroAir™ turbine (shown at left) — a variable-radius turbine (VRT) that has substantially higher efficiency than comparable devices. An initial prototype was installed in Australia in 2010. Dresser-Rand and Ireland-based Ocean Energy Limited, a market leader in developing oscillating water column (OWC) plants, signed a memorandum of understanding in 2010 to develop a complete range of full-scale devices to produce electricity. This partnership could lead to an Irish industry generating 600 MW of electricity by 2020, enough to supply the needs of 450,000 households. In addition, it was announced in January 2012 that the Cornwall, U.K.–based Wave Hub selected Ocean Energy and Dresser-Rand to deploy its technologies at its flagship testing site in 2012.