Cap-Op, a leader in the field of carbon offset technology, completed their second Alberta carbon offset verification for the government approved Engine Fuel Management and Vent Gas Capture Protocol. Cap-Op is using their Distributed Energy Efficiency Project Platform (DEEPP) to aggregate, track, and standardize the quantification of Greenhouse Gas (GHG) offsets.
This year’s verification more than doubled the yield from last year, a result of more energy saving equipment getting installed and Cap-Op’s data standardization effort with industry.
Last year, Cap-Op used their DEEPP to verify 18,000 tonnes of GHG Offsets and they just third party verified 41,000 tonnes with the second phase of the project. Cap-Op works with its clients (upstream oil and gas producers) to verify the emissions reductions from the REMVue SlipStream and REMVue 500 technologies, which captures vented methane and converts it to fuel gas to burn in engines with the assistance of an air fuel ratio controller.
Prior to the implementation of Cap-Op’s DEEPP, various financial and technical obstacles made the development of GHG offsets in Western Canada very difficult. Aimed at enabling companies to save money, reduce risk and improve their decision-making abilities, DEEPP has made possible the deployment of small-scale distributed oil and gas energy efficiency projects by making it easier and less costly to do carbon offset project development and realize the value from reduced GHG emissions.
Adam Winter, President of Cap-Op anticipates the doubling trend to continue as companies get more comfortable with the reality of generating real value with carbon offsets and proven technology.
About Cap-Op Energy:
Cap-Op Energy is a pioneer in the clean energy technology sector and is focused on making offsets easy. Co-founded by Keith Driver of The Prasino Group and Adam Winter, they have over 25 years of experience in the clean technology and Canadian GHG offset project development, regulation and implementation fields. The Petroleum Technology Alliance of Canada (PTAC) has agreed to support the DEEPP initiative through an official PTAC Collaboration project as they recognize the potential to achieve more GHG reductions at a reduced risk by unifying accreditation efforts in a more standard and predictable way.