Plexus Holdings PLC’s POS-GRIP technology offers way to cleaner gas

() said as momentum towards a carbon-neutral world builds the oil and gas industry is positioning itself to be in the mainstream rather than on the fringes, as it posted interim results.

The shift presents potential benefits for Plexus which has developed a modern leakproof solution, called POS-GRIP, for wellhead equipment.

The specialist engineering firm so far has licensing or collaboration agreements in place with two of the top three major international service companies.

“For our industry to be able to make this journey, there is a growing recognition that out-dated technologies are no longer fit for purpose and must be replaced by cleaner, more efficient, and more reliable methods and equipment in order for the industry to have any realistic chance of meeting net-zero targets,” said chief executive Ben van Bilderbeek.