Express
Energy Company Equinor Plans To Reduce Gas Waste By Mining Bitcoin
Summary: Petroleum multinational Equinor is looking to reduce natural gas flaring by mining cryptocurrency, according to research from Arcane. Natural gas flaring is the process of burning gas which cannot be efficiently captured and used. The company is partnering with Crusoe Energy Systems and using its digital flare mitigation technology. The technology converts waste natural gas from ...
Petroleum multinational Equinor is looking to reduce natural gas flaring by mining cryptocurrency, according to research from Arcane.
Natural gas flaring is the process of burning gas which cannot be efficiently captured and used. The company is partnering with Crusoe Energy Systems and using its digital flare mitigation technology. The technology converts waste natural gas from oil extraction operations in the oil field Bakken in the US into electricity.
The electricity created will be used to mine Bitcoin. The partnership comes as a part of broader efforts to reduce emissions while remaining cost efficient.
By Emily Mason
Tags: Bitcoin Mining Operations,Equinor,Natural Gas Flaring
Link: Energy Company Equinor Plans To Reduce Gas Waste By Mining Bitcoin [Copy]
