Torrent Energy Gets Investment to Fund Residual Gas Capture Tech

Torrent Energy Services leases and operates big mechanical refrigeration units used by Utica drillers and pipeline companies in the field–mobile units–that captures and cools natural gas and gas liquids that would otherwise be lost to flaring or as emissions into the air. The technology captures the gas, mostly methane and ethane, so it can be used to power equipment in the field. The one thing Torrent needs more of is money. So CSL Capital Management is investing in the company, providing “growth capital to accelerate its business plan.” The amount of the investment by CSL was not disclosed in an announcement made yesterday…

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