Clarke Valve™, a portfolio company of Saudi Aramco Energy Ventures, Chevron Technology Ventures, and OGCI Climate Investments announced that it has secured the first two Provincial approvals on its anticipated path to a countrywide Canadian Registration Number (CRN).
The Alberta Boilers Safety Association (ABSA) issued the first approval for Clarke Valve to sell its proprietary Shutter Valve™ product line in Canada, under CRN # 0C20008.2. The Technical Standards and Safety Authority (TSSA) has likewise approved the Shutter Valve for commercial distribution in Ontario, with CRN # 0C20008.25.
“Effective immediately, Clarke Valve is now supporting sales to our oil and gas partners and other end-users in Canada,” announced Kyle Daniels, President, and CEO. “We remain committed and focused on reducing fugitive emissions, particularly methane. This aligns our mission very close to the Canadian initiatives to reduce greenhouse gas emissions under the Global Methane Challenge (Le Defi Mondial Methane), Paris Climate Agreement, and the Canada Environmental Protection Act, 1999 (CEPA).”
The patented design of the Shutter Valve enables it to reduce fugitive methane emissions by 97%, compared to commonly available “low emissions” globe valves. Based on this product benefit, Clarke Valve is currently developing a pilot project with one major oil and gas producer headquartered in Calgary, and discussions are underway with a number of other end users in Ontario and Alberta.
