Vapor Recovery Services Market Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

 

Vapor Recovery Services Market
Vapor Recovery Services Market 

A vapour recovery unit is a configuration made to get rid of unwelcome vapours in a distillate tank or crude oil that enables operators to follow current emission requirements. In the oil and gas business, VRU is mostly employed in upstream and downstream processes. In addition, it is employed in refineries, chemicals, and oil and gas. Additionally, vapours that are directly released into the environment are recovered using vapour recovery units.  VRUs are mechanically propelled by either a gas or electric engine. The Ideal Gas Law underlies the operation of VRU. The gas compressor, switching mechanism, variable frequency drives, and scrubber are the vapour recovery unit's four main parts (VFDs).

Growing number of oil storage tanks worldwide is expected to drive the global vapor recovery services market growth during the forecast period. Multiple government and non-government organisations are very concerned about the VOCs that are released during transportation operations from numerous oil and gas storage facilities. Regulating bodies have put severe regulations on these emissions in place to reduce these dangerous pollutants. These regulations have forced oil and gas industry participants to adopt VRU systems.

To address VOC emissions from storage tanks used for the oil and natural gas industry, the Environmental Protection Agency (EPA) amended its 2012 performance criteria for that sector in August 2013. With these changes, tank owners and operators will have time to buy and install VOC while ensuring that the highest emissions from the tank are addressed first.

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