Speedy invests in nitrogen generation units

Speedy Hire has invested £3 million (€3.4 million) in a fleet of nitrogen generation units. The sets eliminate the need to supply nitrogen in low temperature liquid form and thereby cut costs in a wide range of applications such as drilling, mining and power generation.

The units extract all other gases from the air to deliver a mixture that is 95-99% nitrogen. The technology will be particularly useful in the oil and gas sector, where several of the world's largest oilfield service companies are now using nitrogen generators supplied by Speedy, with units currently operating in Asia, Africa and Europe.

Speedy said the investment made it one of the first UK rental companies to offer the specialist high pressure Nitrogen Membrane units for rent.

Brian Cornett, managing director of Speedy's Power Division, said; "These generators provide a service that is essential to many operations at a fraction of the cost of liquid nitrogen.

"This investment makes Speedy one of only a handful of hire firms to offer these units, giving us a real advantage in consolidating our client base within the oil, gas, power generation and utilities sectors."