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MEG Montrose Environmental Group Inc

30.41
-0.37 (-1.20%)
Last Updated: 16:06:35
Delayed by 15 minutes
Share Name Share Symbol Market Type
Montrose Environmental Group Inc NYSE:MEG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.37 -1.20% 30.41 31.40 30.405 30.96 60,934 16:06:35

Montrose Environmental Group Deploys Leak Detection Sensor Network to Reduce Emissions in Gulf Coast Refinery

30/07/2024 12:00pm

PR Newswire (US)


Montrose Environmental (NYSE:MEG)
Intraday Stock Chart


Tuesday 30 July 2024

Click Here for more Montrose Environmental Charts.

LITTLE ROCK, Ark., July 30, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a high-growth global environmental solutions company, today shared insight on the use of its Leak Detection Sensor Network (LDSN) solution to enhance real-time emissions monitoring in a U.S. Gulf Coast refinery.

Print (PRNewsfoto/Montrose Environmental Group, Inc.)

The EPA allows for alternative means of emission limitation (AMEL) for nonstandard leak detection monitoring systems through the Clean Air Act. The federal law establishes emission limits from industrial facilities, including petroleum refineries, with the goal of reducing harmful air pollutants. This recent authorization empowers facilities to employ a more dynamic approach to their leak detection and repair (LDAR) program compliance through an LDSN.

Montrose partnered with a refinery to deploy an innovative alternative to their existing LDAR program through the development of an LDSN. Driving the transformation was the ability to use innovative technology and approaches to manage emissions more effectively and improve process safety. Key components of the LDSN include:

  • Real-time sensors to continuously monitor for leaks 24/7; and
  • Use of the Company's proprietary Sensible EDP™ software that aggregates real-time sensor data and sends alerts.

"Through the deployment of an LDSN, our client solidified their commitment to safety for their employees and the community, as early detection of elevated emissions reduces the overall emissions at their refinery," said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group. "Montrose's LDSN allows our client to detect emissions sooner than conventional methods and make repairs faster, resulting in safer work conditions within their facility and improved air quality for the surrounding communities."

Key outcomes of the LDSN include:

  • 24/7, real-time sensor data;
  • Collection of historical data to improve future operations;
  • Early detection of elevated emissions; and
  • Improved safety and community air quality.

The Company's comprehensive LDSN solution leverages innovative technology to improve repair times, process safety and ultimately reduce emissions.

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/montrose-environmental-group-deploys-leak-detection-sensor-network-to-reduce-emissions-in-gulf-coast-refinery-302209221.html

SOURCE Montrose Environmental Group, Inc.

Copyright 2024 PR Newswire

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