Caltec Ltd.

Caltec Ltd. specializes in innovative production solutions for the oil and gas industry, focusing on enhancing production efficiency while minimizing environmental impact through advanced technologies. Caltec Ltd. operates within the oil and gas sector, providing solutions that optimize production processes.

The company was acquired by Petrofac in August 2008. The current CEO is Caltec Enterprises. The company has successfully raised a total of GBP 1. 00 mn through two funding rounds, with the latest being GBP 1.

00 mn from EV Private Equity. Caltec Ltd. offers pioneering technologies aimed at improving oil and gas production while lowering costs and environmental effects. Their key products include patented surface jet pumps and compact separation systems designed to enhance processes in the upstream and midstream sectors.

These technologies utilize existing energy sources to reduce flaring, manage gas emissions, and improve hydrocarbon extraction. The company serves a diverse clientele across North America, Europe, and parts of the Middle East, focusing on applications such as compressor replacements and deliquification of gas wells. In 2020, Caltec Ltd. recorded a revenue of GBP 0 for that year.

However, their EBITDA for the same year was GBP -13,605. 50. Caltec Ltd. is strategically aiming to expand its product offerings and market presence.

Plans are in place to develop new technologies that are expected to launch in the upcoming years. The company is targeting expansion into new markets across Asia and South America by 2025, leveraging the recent funding of GBP 1. 00 mn to support these initiatives. The funding will be utilized to enhance research and development efforts and to establish a stronger foothold in these emerging regions.