Calgary, AB – Carbon Credit Solutions Inc. (CCSI), Canada’s fastest growing green technology solutions company, is pleased to announce its acquisition of Cap-Op Energy Inc., Canada’s largest green technology company in the oil and gas sector.
Headed by CEO Ed Alfke and President Alastair Handley, CCSI was founded in 2008 and enables planet positive solutions by leveraging finance, technology, process and software solutions.
“With the acquisition of Cap-Op, CCSI took another important step toward its goal of enabling planet positive solutions at scale. Together we will generate over 1 million carbon credits in Alberta in 2019 and plan to deploy 100 million dollars of equipment to reduce methane emissions from oil and gas production over the next three years,” says CCSI president Alastair Handley. “We look forward to welcoming Cooper and the team in helping the energy sector make sustainability profitable.”
Handley goes on to say, “Provincial and Federal regulations require oil and gas producers to replace equipment that is venting methane into the atmosphere with new technology that eliminates or greatly reduces those emissions. Cap-Op’s MAPP software platform, blended with our clean-tech subsidiary TriCore Solutions’ services, gives producers the opportunity to become compliant with these regulations with no capital outlay.”
The Methane Abatement Project Platform (MAPP) created by Cap-Op is a data management and decision-making tool that allows operators to collect and validate field data, identify and execute the lowest-cost methane abatement projects, and document their progress. MAPP consists of: MAPP Inventory, an equipment and asset field application that allows field staff to collect data on-site and share it with corporate personnel in real time; and MAPP Campaign, a decision-making software that integrates public and private data sets to help operators find the most economic energy efficiency and emissions reduction projects.
Cap-Op will continue to operate as a stand-alone entity and remain firmly technology agnostic, with the MAPP service complementing TriCore’s offering.