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An oil firm down in Buenos Aires simply had an epiphany…
See, Tecpetrol is planning to drill a minimum of 35,000 barrels of oil per day at its facility, and in that course of, there’s going to be a bunch of extra gasoline that is created.
However the infrastructure wanted to seize, transport and promote that extra gasoline is pricey! Too costly to justify constructing out.
So the corporate has simply been burning (aka “flaring”) the gasoline on web site.
However here is Tecpetrol’s new resolution:
As a substitute of flaring the surplus gasoline (which is akin to lighting cigars with hundred-dollar payments), the corporate is now placing it to work.
How? Crypto mining!
And yeah, we hear you! This ain’t about to make crypto the poster baby for sustainability (not by an extended shot).
However hey, it is higher to have them convert it into power and mine crypto than merely watch it go up in smoke, straight into the ambiance.
If 100% inexperienced renewable power is the top objective, and that is only a stepping stone in that transition?
We will get behind it.
