RadMax Technologies, Inc. Awarded Funding from Canada’s Natural Gas Innovation Fund (NGIF) for a Cleantech Innovation Project to Reduce Methane Gas Emissions

• NGIF’s mandate is to take action and “advance the most promising enterprises in cleantech innovation” and support them through their projects to commercialization and market success.
  
  
• NGIF member companies include; Shell, Chevron, CNRL, Petronas, SaskGas, ATCO, Pacific Northern Gas and Birchcliff Energy.
  
  
• Natural gas powered pneumatic controllers which maintain process conditions at the wellhead, have been targeted by government regulators due to their inherent nature to vent methane, which represents 15% of Canada’s total Greenhouse Gas Emissions.
  
  
• The Canadian government has initiated policies that will require all existing pneumatic controllers installed before January 01, 2022 to be replaced, retrofitted or modified so that they are considered to be a low-vent alternative.

Press Contact: Paul Chute, CEO / Board Chairman, Regi U.S., Inc. [phone], [e-mail], 7520 N. Market Street, Suite 10, Spokane, WA 99217-7800

SPOKANE, Wash., Dec. 16, 2019 (GLOBE NEWSWIRE) -- REGI U.S., Inc. or RGUS (OTC:QB) The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc. (RadMax) are pleased to confirm the Canadian Natural Gas Innovation Fund’s (NGIF) decision to fund a cleantech project utilizing RadMax technology to reduce methane emissions from oil and gas wells. The project will evaluate the ability of RadMax’s proprietary rotary, positive displacement Expander / Generator / Compressor (RXGC) to provide a non-greenhouse gas emitting alternative. Existing pneumatic controllers use natural gas streaming from the well to open and close valves, after which the methane gas is vented into the atmosphere. RadMax’s RXGC would use the streaming NG to generate electricity or compressed air, either of which can be used to drive the valve actuator controllers. The NG that passes through the RXGC is returned to the sites NG collection system boosting production levels while eliminating methane venting into the atmosphere. The project is expected to involve several NGIF member companies and RXGC test sites.

The NGIF project and funding will be used by RadMax to accelerate the development and commercialization of the RXGC device. “The exposure to, and feedback from member companies is invaluable as we continue to fine tune the RXGC design and operational requirements,” explained Paul Porter, Chief Technology Officer of RadMax Technologies.