C3Plus
In 2005, Endriven gave birth to its second company, "C3Plus", to develop small/medium gas processing and Natural Gas Liquids ("NGL") plants. NGL is produced by stripping the heavier components of a natural gas stream (propane and butane) and condensing them as liquids, using high pressures and low temperatures. Unlike natural gas, NGL can be easily stored and transported, and therefore commands a higher price. Endriven teamed up with a local engineering firm and one of the most prestigious private equity investors in the energy industry to build its first NGL plant at a natural gas gathering hub in the Argentine Patagonia. The C3Plus team was responsible for the construction and installation of the plant, which commenced operations in November 2007 to produce approximately 211,000 boe per year.
www.c3plus.com