Linde, Hyosung to Build World’s Largest Liquid Hydrogen Plant in S. Korea
South Korea's Hyosung and the global industrial gases provider Linde Group will invest in the construction of a liquid hydrogen plant on an area of about 30,000 square meters within the site of Hyosung Yongyeon plant in Ulsan.Its annual capacity of production will be 13,000 tons of liquid hydrogen, which is enough to fuel 100,000 sedans. According to Hyosung, the plant will be the world’s single largest liquid hydrogen manufacturing facility. The two companies will form a joint venture this year…
Global LNG Bunker Fuel Market to Reach $1.3bln by 2026
The global Liquefied Natural Gas (LNG) as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%. The bunker fuel market revenue value is exprected to reach US$ 1,263.2 million in 2026.According to a market research report, based on the region the market is segmented into US, Europe, China, India, Japan, and Southeast Asia. Europe market is expected to dominate the global LNG as a bunker fuel market…
8.5% Growth Expected for LNG Bunkering Market by 2026
The global LNG as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%.The first five-year cumulative revenue (2017-2021) is projected to be USD 3.4 bn which is expected to increase significantly over the latter part of the five-year forecast period, said a research report by Marketresearch.LNG ships is expected to be the major application segment in the global LNG as a bunker fuel market.
Kairos Begins Operations in Northwest Europe
The world’s largest LNG bunker supply vessel “Kairos” has started operations in Northwest Europe on December 11th, 2018, said a press note from the Polish LNG Platform.Chartered by Blue LNG, a joint venture of the Hamburg based leading LNG supplier “Nauticor” with a 90% share and the Lithuanian energy infrastructure provider KN with a 10% share, the ship was handed over by the owner Babcock Schulte Energy in the port of Klaipeda.Mahinde Abeynaike…
Global LNG to be Major Part of Bunker Fuel Market
Liquefied natural gas (LNG) ships is expected to be the major application segment in the global LNG as a bunker fuel market.According to a market research report, LNG fueled ships emit zero sulphur oxide emissions along with decline in carbon dioxide gas release by 25%, these are primary factors promoting the use of LNG as fuel in marine transport.LNG is used as a marine fuel and it offers various advantages for the ships. LNG as ship fuel will reduce sulphur oxide (SOx) emissions by 90% - 95%…
Linde's LNG Fuel Gas System for High-speed Ferry
The Linde Group, via its Swedish Engineering subsidiary Cryo AB, has been awarded a contract by Meyer Turku Shipyard of Finland to build a liquefied natural gas (LNG) fuel gas system for the next-generation high-speed ferry being built for AS Tallink Grupp. The ferry will operate in the Baltic Sea between Helsinki, Finland and Tallinn, Estonia and has been designed to comply with the European Emission Control Area (ECA) limits thanks to the use of LNG as fuel.
Bomin Linde, Lithuanian LNG Terminal sign MoU
OSLO, Feb 19 (Reuters) - Lithuania's liquefied natural gas import terminal and Germany's Bomin Linde LNG will work together to develop the use of LNG as marine fuel in the Baltic Sea, the terminal's operator Klaipedos Nafta said on Thursday. Lithuania opened the first LNG import terminal in the Baltic states last December to cut its dependence on pipeline gas imports from Russia. "In close cooperation both companies aim to jointly develop the LNG fuel market including the necessary infrastructure in Baltic Sea…
Foster Wheeler Signs Agreement With BOC to Replace Heat Exchangers
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has signed an engineering, procurement and construction management (EPCm) services agreement with BOC, a member of the Linde Group, for the installation of replacement heat exchangers at BOC’s Teesport facility, Teesside, in northeast England. The Foster Wheeler contract value was not disclosed and was included in the company’s first-quarter 2014 bookings.
