Beinit Energy turns to trusted partner to help launch revolutionary technology in Middle East

Beinit Energy turns to trusted partner to help launch revolutionary technology in Middle East

When presented with an opportunity to introduce revolutionary technology to new markets in the Middle East, Beinit Energy turned to a leading advisor and trusted partner to help bring the venture to fruition.

The firm has set up a new international joint venture with Cleanstream Technologies (CST DMCC) - a subsidiary of Cleanstream Australia - to bring patented nano chemistry materials to the MENA region for the first time.

But to ensure that the joint venture was placed on the best possible footing for success, the foundations and structure needed to be rock solid. Beinit Energy appointed HFI Consulting International to undertake the groundwork, acknowledging the consultancy’s extensive track record in international business expansion projects.

Ernest Jacob, COO of Beinit Energy said that HFI, which has been working with expanding business ventures in the Middle East for two decades, was a natural choice to undertake the legal and contractual work.

Ernest added: “We have previous experience of working with HFI and know the team’s understanding of complex issues surrounding the launch of new and joint ventures in MENA is second to none.

“The support that we got from HFI was invaluable. The team was able to put in place a suitable corporate structure for our joint venture with Cleanstream Technologies and conduct the business licensing and registration work.

“Knowing that the contractual and legal side was in safe hands allowed us to focus on bringing this state-of-the-art advanced technology to market in MENA, where we believe there are significant opportunities for its use in the oil and gas sector.”

The nano chemistries developed by Cleanstream Technologies neutralise toxic vapour emissions, including hydrogen sulphide, sulphur dioxide and nitrogen dioxide, and provides unique opportunities for gas sweetening solutions.

In order for sour gas to be injected into a pipeline or used in commercial applications, it must undergo extensive refining to meet specific quality and safety requirements. Gas sweetening removes H2S and CO2 from sour gas, which are toxic to humans and corrosive to pipelines, and makes it safe for transport and sale.

The technology, which is completely new to MENA, allows for the neutralisation of H2S in waste, flared, stranded and production gas. This process ensures toxic hazards are removed and the risk to human health and the environment is eradicated.

It also eliminates flaring, which will be a key consideration for oil and gas producers that have committed to zero routine flaring gas by 2030 – a policy that will reduce the estimated 300 million tons of CO2 that are emitted into the atmosphere each year.

Ernest added: “This sophisticated technology, which Cleanstream has already rolled out in other territories, will be used in MENA for the first time. While primarily targeting the oil and gas sector, the technology has the potential to be used across a wide range of industries where chemicals pose a threat to the safety of humans and the environment.”