GHGSat has an opportunity to prove the value of its technology and services to what could be a significant customer after signing a framework agreement with Shell.
Shell is the third largest company globally based on revenues. If GHGSat is successful in a pilot test, then Shell could become a customer.
According to the press release issued by GHGSat, the company will “aim to obtain methane emissions data of certain agreed Shell facilities globally. The initial pilot phase is intended for GHGSat Inc. to demonstrate its technology and the reliability of the data recovered and will cover initially four of Shell’s assets.”
Stéphane Germain, President, and CEO of GHGSat said “today’s announcement with a global leader in the oil & gas industry demonstrates the value of GHGSat’s services for operators of industrial facilities worldwide. We are excited by the potential scope of this framework agreement and look forward to working with the world-class team at Shell.”
GHGSat currently has one operational small satellite, Claire, which will soon be joined by GHGSat-C1, known as Iris, when it launches in early 2020 on an Arianespace Vega launcher.
Recently GHGSat signed a data agreement with the Canadian Space Agency and European Space Agency and was awarded $3.3 million by Sustainable Development Technology Canada.
GHGSat is planning to build out a constellation of satellites for global emissions monitoring.