GTT partners up with Dongsung Finetec
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
GTT and Dongsung Finetec have signed a Memorandum of Understanding (MoU) in order to commercialise GTT's LNG Brick® technology for LNG as fuel applications.
LNG Brick will eventually be built by Dongsung Finetec and will be outfitted on a large range of commercial vessels such as container vessels and bulk carriers.
With the entry into force of the global sulfur cap in January 2020, the two companies consider this new market of LNG fuelled vessels as very promising.
GTT has developed the LNG Brick technology based on its integrated tank techniques and notably its Mark III technology to offer a cost-effective and competitive solution to this new market with an LNG fuel tank capacity below 3000 m3. Dongsung Finetec has been closely associated in its industrialisation through the construction of a prototype.
Philippe Berterottière, Chairman and CEO of GTT, said: "It is a great occasion for GTT to contribute to the development of LNG as marine fuel and we are delighted to do it in partnership with Dongsung Finetec with whom we have been collaborating since numerous years on the [LNG carrier] market."
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/17102018/gtt-partners-up-with-dongsung-finetec/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
VERSO ENERGY and GROUPE ADP partner to develop SAF
VERSO ENERGY and GROUPE ADP have signed a strategic partnership to develop the SAF sector on French, European, and international airport platforms.