Golar LNG Ltd (Golar) has announced that it has agreed with Black & Veatch Corp. (B&V) to expand on their long-standing floating LNG (FLNG) relationship and enter into a collaboration agreement in the field of floating ammonia production, carbon capture, green LNG and hydrogen. Golar brings to the relationship experience of delivering and operating paradigm shifting low-cost FLNG infrastructure, and B&V brings expertise in green technologies.
Before the end of 2020, Golar and B&V intend to jointly publish a thought leadership paper on floating ammonia production with carbon capture and storage (floating blue ammonia). In subsequent months, Golar and B&V intend to continue to jointly publish thoughts on the technical and commercial viability of the most prospective floating applications of the green and blue technologies and areas of interest that are to be investigated.
Any project development and implementation that follows the initial research and investigation stages above will be subject to a separate commercial agreement between the two companies.
The CEO of Golar, Iain Ross, commented: “Replacement of coal, fuel oil and diesel with cleaner burning LNG represents one of the easiest and most cost-effective near-term steps to decarbonise the worlds’ energy mix. Golar and Hygo Energy Transition are extremely well positioned to drive this with their low-cost quick delivery infrastructure solutions and emerging use of bio-LNG. The next step is to plan for a net zero carbon energy mix. As a company with an established history of championing and delivering disruptive solutions to problems in its industry, and a serious and continuous commitment to its ESG [environmental, social and corporate governance] agenda, Golar looks forward to working with a likeminded and equally capable partner, in the field of floating ammonia and hydrogen production, carbon capture, and other decarbonisation initiatives.”
“This collaboration builds on years of delivering commercial and technology innovation with Golar, a visionary in monetising natural gas reserves,” said Hoe Wai Cheong, President of B&V’s oil and gas business. “Given hydrogen and ammonia’s use in many energy-intensive industries we can make meaningful progress in lowering the carbon footprint and help these industries meet new sustainability commitments.”
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/20112020/golar-and-bv-announce-collaboration-for-decarbonising-initiatives/