Archrock Inc. will acquire a minority equity stake in Ecotec International Holdings LLC (Ecotec), a global specialist in methane emissions monitoring and management. In addition to the strategic investment, Archrock will also begin offering Ecotec’s suite of solutions to its customers.
The investment by Archrock accelerates Ecotec’s expansion into the oil and gas industry. Ecotec’s portfolio of methane solutions helps customers identify, quantify, and manage their emissions. The combination of instrumentation and software provides directly measured emissions data which is auditable by third-party organizations.
“We are excited to partner with Ecotec and advance our shared vision for helping the oil and gas industry decarbonize,” said Brad Childers, president and CEO of Archrock. “The expansion of our services to include direct emissions detection, management, and mitigation is a significant step in our strategy to develop a suite of solutions that supports our customers’ sustainability goals. Ecotec’s management team has an impressive track record of building emissions management businesses in other sectors and this partnership connects their proven technology with our leading US natural gas compression infrastructure and customer network. This investment provides a unique opportunity to deliver value for our customers and shareholders as we position Archrock to reduce emissions across the oil and gas industry.”
Headquartered in Houston, Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression. Archrock provides natural gas compression services to customers in the oil and natural gas industry throughout the US and a supplier of aftermarket services to customers that own compression equipment.
“We are thrilled to partner with Archrock as an increasing number of oil and gas companies commit to thoughtful ESG strategies to measure and reduce their methane emissions,” said Tim Novick, president and CEO of Ecotec. “In particular, methane leak mitigation will be critical in solidifying the important role natural gas will play in energy transition. With over 67 years of operating history, Archrock’s deep industry understanding and long-standing customer relationships will be fundamental to accelerating Ecotec’s growth in oil and gas and creating value for Ecotec and its stakeholders.”
Ecotec specializes in the design and development of specialty equipment and software solutions for the natural gas, biogas, renewable natural gas, carbon credit, and oil and gas markets through its Ecotec, Aqmesh, Gas Data, and Gazomat brands.
