Published by Todd Bush on May 18, 2023
HOUSTON, May 16, 2023 /PRNewswire/ -- Tachyus announced a contract today with Lime Rock Resources (Lime Rock) for Aurion, its cloud-scalable, comprehensive GHG emissions management platform. Lime Rock's implementation of Aurion will help the oil and gas company establish a GHG baseline, monitor, forecast, and report carbon emissions across all of its assets. This demonstrates Lime Rock's commitment to corporate responsibility initiatives, including further mitigating their carbon footprint across their operations and enhancing their environmental, social and governance disclosures.
"We're thrilled to partner with Lime Rock to assist them in meeting their carbon reduction goals; Aurion will allow them to estimate the impact of their operational decisions on emissions and allow the team at Lime Rock to achieve their emissions goals," said Matt Elbert, CFO of Tachyus.
"We look forward to utilizing the Aurion platform to measure, report and forecast the GHG emissions associated with our operations more accurately. This is expected to assist us in efficiently reducing our emission intensity, and to accurately quantify the reductions that we achieve," said C. Tim Miller, President & COO of Lime Rock Resources.
Aurion addresses the growing need for the oil and gas industry to minimize GHG emissions by helping companies like Lime Rock to streamline GHG accounting, monitoring and forecasting future emissions with robust, tested, and reliable approaches. The platform provides transparency to all calculations making the accounting and reports thoroughly and easily auditable across all assets.
The Houston-based corporation is a leader in oil and gas modeling and optimization software. By combining traditional reservoir physics with machine learning and artificial intelligence, Tachyus provides predictive modeling and optimization products for its clients. In 2021 Tachyus launched Aurion—an end-to-end platform for GHG estimation, reporting, and forecasting—to help companies tie operational decisions to their net-zero goals.
Based in Houston, the Lime Rock Resources team acquires, operates, and improves producing oil and gas properties in the United States. The team has acquired properties in select oil and gas basins nationwide as it seeks to provide its investors with attractive long-term returns. Established in 1998, Lime Rock Management has raised
$9.8 billion in private equity funds for investment in the energy industry through Lime Rock Resources, Lime Rock Partners, and Lime Rock New Energy.
SOURCE Tachyus
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🌍 HIF Global Signs Collaboration Agreement with Airbus for Sustainable Aviation Fuels 🔋 Exxonmobil Signs Carbon Capture Agreement With CF Industries in Mississippi 🚧 After Year...
I've been monitoring the climatetech and decarbonization startups this year, and here’s what I learned. International Energy Agency (IEA) expects global clean energy investment to hit $2 trillion ...
Inside this Issue 🌱 FuelPositive: Completes On-Farm Commissioning of the First Scalable Green Ammonia Production System and Announces New Manitoba-Based Partnerships 🌍 A New Era for Clean Energy: ...
Siemens Energy Wins Contract for Large-scale Hydrogen Project From German Utility EWE
[**Siemens Energy**](https://www.siemens-energy.com/) **has been awarded a contract to supply a 280-megawatt electrolysis system by German utility EWE. The plant in the German city of Emden is expe...
Shell to Build 100-megawatt Renewable Hydrogen Electrolyser in Germany
COLOGNE/WESSELING, GERMANY – [Shell Deutschland GmbH](https://www.shell.de) (**Shell**) has taken a Final Investment Decision (FID) to progress REFHYNE II, a 100-megawatt renewable proton-exchange ...
After Years of Controversy, Illinois State Pauses CO2 Pipeline Construction, for Now
**New safety requirements for carbon dioxide pipelines as well as a temporary ban on their construction are now in effect after Gov. JB Pritzker on Thursday signed a bill that passed the General As...
Exxonmobil Signs Carbon Capture Agreement With CF Industries in Mississippi
* We’ll remove up to 500,000 metric tons of CO2 annually from CF Industries’ site in Yazoo City. * It’s the latest sign of our leadership in CCS, a proven emissions solution. * ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.