A vapor recovery unit (VRU) is a device that collects and reuses vapors from fuels like gasoline, natural gas, and other fuels in industrial settings. Vapor recovery units are mostly used in upstream and downstream operations in the chemical process industry. Vapor recovery units use a variety of methods, including membrane separation, condensation, absorption, and adsorption. Lowering the temperature causes vapors to condense during the condensation process.
Strict VOC emission restrictions are expected to fuel global market expansion for vapor recovery devices over the forecast period. A variety of businesses discharge volatile organic compounds into the environment, where they mix with the air. As hazardous air pollutants, these compounds endanger the environment. Several countries' governments have enacted stringent environmental legislation in an effort to mitigate the negative consequences of VOC emissions. These regulatory procedures have required the petroleum industry and crude oil producers to install vapor recovery devices in all of their operations. The global market for vapor recovery devices is expected to grow during the forecast period due to the economic and environmental benefits they provide.
The global market for upstream-based Vapor Recovery Units is expected to grow at a 2.8% CAGR between 2017 and 2027.
Prominent Players in the Vapor Recovery Units Industry:
1. John Zink Company, LLC
John Zink Company, LLC was founded in 1929 and headquartered in Oklahoma, United States. It operates in many countries. In September 2019, John Zink Hamworthy Combustion® (JZHC) and The Babcock & Wilcox Company (B&W) announced a strategic partnership agreement to provide design, installation, and air-source testing services for steam-generation systems using JZHC's Coen® brand. Now, clients can hire Coen to manage their entire project from beginning to end.
2. Hy-Bon/EDI
Hy-Bon/EDI was founded in 1952 and headquartered in Texas, United States. It operates in over 20 countries. In July 2019, Hy-Bon/EDI, a market pioneer in vapor recovery and emissions control systems for oil and natural gas applications, was acquired by Cimarron Energy, Inc. ("Cimarron" or "the Company").
3. Petrogas Systems
Petrogas Systems was founded in 1948 and headquartered in Netherlands,. It operates in 140 countries.
4. Accel Compression Inc
Accel Compression Inc was founded in 2004 and headquartered in Odes'ka Oblast', Ukraine. It operates in many countries.
5. PSG Dover
PSG Dover was founded in 1955 and headquartered in Illinois, U.S. It operates in more than 100 countries. Malema Engineering Corporation ("Malema"), which would join Dover's Pumps & Process Solutions segment's PSG business line, was acquired by Dover in July 2022, as previously stated.
6. Wintek Corporation
Wintek Corporation is a maker of electronic components, mainly touch screens for devices such as Apple's iPhone. It was founded in 1990 and headquartered in Taichung, Taiwan. It operates in Taiwan, India, China and Vietnam.
7. AEREON Inc.
AEREON Inc. was founded in 2012 and headquartered in Milan, Italy. It operates in in more than 45 countries around the world.
8. Cimarron Energy Inc.
Cimarron Energy Inc. was founded in 1976 and headquartered in Oklahoma, United States. It operates in more than 45 countries around the world. The U.S. Department of Energy (DOE) has chosen Cimarron as a significant industry partner to develop and demonstrate cutting-edge technology to reduce greenhouse gas emissions in the oil, natural gas, and coal industries in December 2021.
Definition: Vapor Recovery Units (VRU) help to remove and recover undesirable or excess vapors from crude oil or distillate tanks. These devices enable operators to meet pollution limits while collecting lucrative hydrocarbon gas.
