Frigyes Lestak

Flare 2 Value

Chief Executive Officer

I believe flaring reduction is an opportunity and an obligation of my lifetime. Our aim, at F2V, is to deliver material reduction in flaring through complete, replicable solutions. We develop, engineer, finance, build, own, and operate our flare gas utilisation facilities. The projects turn waste into useful products, reduce CO2 and CH4 emissions, and create jobs. I am known to be passionate about what I do, resilient, focused on delivery, and I do enjoy the magic of collaborative innovation. Having worked for 30 years in the energy industry, I am proud to have created and led the delivery of some of the climate change mitigation and efficiency improvement strategies at Shell. This work resulted in a 30% reduction in flaring in the company. I also have initiated and led collaborations between Shell, the World Bank and various countries in flare reduction and efficiency improvement. Earlier in my career, working at MW Kellogg, I had the opportunity to build up my engineering and commercial skills, to set up consultancy services, and to develop and commercialize new technology. I hold an MBA and PhD in Chemical Engineering. 

Sessions With Frigyes Lestak

Tuesday, 8 March

  • 02:30pm - 03:00pm (CST) / 08/mar/2022 08:30 pm - 08/mar/2022 09:00 pm

    F2V | One-stop Shop for Flare Gas Utilization

    Presentation Gas & LNG Start-ups
    Although many companies and governments have committed to Zero Routine Flaring by 2030, $30 billion worth of gas is wasted and 700 million t CO2e is emitted every year globally in the oil and gas industry. The presentation will introduce F2V’s integrated flare gas utilization business model, that offers a readily scalable solution and drives multiple benefits to governments, local communities, oil and gas companies, investors and GHG emission credit traders.