LITTLE
ROCK, Ark., July 9, 2024
/PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a
high-growth, global environmental solutions company, today shared
insight into the first-ever leak detection and repair (LDAR)
alternative work practice (AWP) deployed in a U.S. refinery.
Leaking equipment has been cited by the United States
Environmental Protection Agency (EPA) as the primary source of
volatile organic compounds (VOCs) and volatile hazardous air
pollutants (HAPs) emissions in petroleum refineries and chemical
manufacturing facilities. In addition to reducing operating costs
for refineries and facilities, the development and implementation
of LDAR programs within these facilities can significantly reduce
and control VOC and HAP emissions.
In 2008, the EPA established the "Alternative Work Practice
(AWP) to Detect Leaks from Equipment" federal regulation, providing
the opportunity for innovative alternatives to take the place of
traditional leak detection methods, including Method 21. AWP has
not yet been widely adopted primarily due to concerns regarding
disruption to existing permits and operations.
Montrose was approached by a
client seeking to reduce their air emissions, reduce their costs
and enhance their LDAR compliance program by pioneering the
first-ever AWP implementation at a U.S. refinery. Key components of
the client's AWP include:
- The use of optical gas imaging (OGI) cameras to scan for
leaks;
- Real time images and videos of leaks within Montrose's
proprietary software platform; and
- Reorganization of the refinery's component inventory based on
physical location.
"Compared to the conventional leak detection approach, the AWP
that we implemented at our client's Louisiana refinery can screen a greater number
of components, improve leak visibility, including hard-to-reach
areas, is more time-efficient and reduces air emissions," said
Vijay Manthripragada, President and
Chief Executive Officer of Montrose Environmental Group. "Notably,
the AWP lowers costs and increases efficacy, by allowing for 2,500
components to be surveyed per day, a significant increase compared
to the traditional approach's capacity of approximately 400
components."
Key outcomes of the AWP include:
- Expedited leak detection and repair;
- Reduced emissions resulting in minimized environmental impact
and safer work environment;
- Risk mitigation; and
- Potential cost savings from a reduction in lost product and
labor.
The Company's comprehensive approach integrates innovative
strategies, advanced technology and streamlined processes to
optimize inspection, data tracking and leak detection — all while
ensuring regulatory compliance.
About Montrose
Montrose is a leading
environmental solutions company focused on supporting commercial
and government organizations as they deal with the challenges of
today and prepare for what's coming tomorrow. With ~3200 employees
across 100+ locations worldwide, Montrose combines deep local knowledge with an
integrated approach to design, engineering, and operations,
enabling Montrose to respond
effectively and efficiently to the unique requirements of each
project. From comprehensive air measurement and laboratory services
to regulatory compliance, emergency response, permitting,
engineering, and remediation, Montrose delivers innovative and practical
solutions that keep its clients on top of their immediate needs –
and well ahead of the strategic curve. For more information, visit
www.montrose-env.com.
Forward‐Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements may be identified by the use of
words such as "intend," "expect", and "may", and other similar
expressions that predict or indicate future events or that are not
statements of historical matters. Forward-looking statements are
based on current information available at the time the statements
are made and on management's reasonable belief or expectations with
respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company's control, that
could cause actual performance or results to differ materially from
the belief or expectations expressed in or suggested by the
forward-looking statements. Additional factors or events that could
cause actual results to differ may also emerge from time to time,
and it is not possible for the Company to predict all of them.
Forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update any
forward-looking statement to reflect future events, developments or
otherwise, except as may be required by applicable law. Investors
are referred to the Company's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the year ended December 31, 2023, for
additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed
in any forward-looking statement.
Contacts
Montrose
Investor Relations:
Rodny Nacier
(949) 988-3383
ir@montrose-env.com
Media Relations:
Sarah Kaiser
(225) 955-1702
pr@montrose-env.com
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SOURCE Montrose Environmental Group, Inc.