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Procom Venture invests in ZENG AS
The Zero Emission Norwegian Gas (ZENG) Program is being co-developed by Lyse Energi AS, Nebb Engineering AS, Procom Venture AS and CO2-Norway.
In May 2006 the parties formed the company ZENG AS in order to formalise further development of its zero emission power plant process cycle within a business entity that would also enable international commercialisation of the technology and know-how being developed in the ZENG program.
The program is currently undertaking a 7,6 mill NOK Concept Definition study and is working towards an investment decision for a 50 - 70 MWe demonstration power plant at Risavika in 2008.
The ZENG Program receives financial support from Shell Technology Norway, Statoil, Lyse and the Norwegian government funding agency Gassnova.
Sekal to install DrillTronics on five Transocean harsh environment semi-submersible drilling rigs[19.2.19]