Caterpillar Makes Equity Investment in GTUIT
Businesses Plan to Collaborate to provide Revolutionary Solutions through Gas Treatment Offerings
Houston - Caterpillar Oil & Gas is very happy to announce that Caterpillar made an equity investment in GTUIT, a manufacturer of cellular fuel treatment systems. The companies intend to collaborate to produce revolutionary, sustainable solutions designed to develop client worth by dealing with linked fuel from manufacturing wells utilizing the hope of decreasing emissions and related expenses from flaring. GTUIT services and products are manufactured for clients running in production, land drilling and well stimulation programs.
Headquartered in Billings, Montana, GTUIT ended up being created in 2011 to give clients with creatively engineered and tested answers to meet up with the powerful circumstances found in oil areas internationally. “At GTUIT, we differentiated ourselves inside gasoline capturing marketplace by offering cellular, scalable solutions that somewhat decrease flare amount and optimize production levels under increasing government laws, ” Brian Cebull, President and CEO of GTUIT claimed. “As a result of the Caterpillar investment, our company is getting excited about growing beyond the Bakken into various other North American basins along with international areas.”
“At Caterpillar, we're constantly interested in successful businesses whom share within our dedication to sustainability, one of our enterprise core values, and whom strive to proactively get a hold of approaches to complex energy issues in today’s production environment, ” said Dave Dunlevy, Caterpillar Oil & gasoline managing manager. “Through future collaborations with GTUIT, we expect our consumers to own use of a sophisticated portfolio of solutions that individuals believe are tailored to lowering emissions, increasing productivity, and lowering expenses.”
As a result of the investment, GTUIT expects to keep to expand their supplying of turnkey flare reduction systems and treatment services. “Sourcing appropriate gasoline treatment systems are challenging. With GTUIT, clients can find the appropriate services and solutions for their businesses, ” Cebull stated.