The Korean company Daewoo Shipbuilding & Marine Engineering (DSME) along with the Mitsui O.S.K. Lines recently shake their hands and inked an agreement in order to develop new technologies, reducing the environmental affects of the Floating Storage and Regasification Unitis (FSRU).
In fact, through their new technology development named “Cryo-Powered Regas”, both sides goal to enhance the utilization of the LNG cold energy, which is used to be disposed, as power generation energy through the adoption of the Organic Rankine Cycle in the regasification process of FSRU.
This project is one of the cases where MOL will take proactive measures to enhance environmental compatibility of its services.
…as MOL said.
Moreover, participants estimate that the Cryo-Powered Regas will reduce significantly the fuel consumption and the CO2 emissions coming from FSRUs.
Before making it commercially available, DSME and MOL will first test the technology in a small-scale pilot facility within 2020.
MOL will promote the FSRU business and its associated services, which meets customer needs for diversified energy procurement and SDGs achievement (i.e., environmental condition and stable development), as the leading company of FSRU business in Asia.
… MOL noted in its release.
Overall, MOL recently informed its plans to establish an Offshore Gas Project Division, as an organization focused on businesses related to the LNG field in energy value chains, such as FSRU projects, LNG Powership business, etc.