Golar Power, Galileo Technologies sign bio-LNG agreement
Golar Power has signed an agreement with Galileo Technologies to develop bio-derived liquefied natural gas (bio-LNG) in Brazil.
The agreement covers the provision of LNG liquefaction solutions to support the development of its small-scale LNG distribution initiatives. The agreement between the two firms includes the introduction of a new clean fuel source through the production of bio-LNG.
The initial order involves the provision of two LNG production clusters. The first considers two LNG production units capable of producing 30 tons of LNG per day from a mature gas field in the Brazilian state of Bahia. The second will be installed in the state of Sao Paulo, where it will capture and liquefy biomethane from landfills. This cluster will have an initial production capacity of up to 15 tons of bio-LNG per day.
Golar Power is tapping new biomethane sources to increase the share of local LNG production and to accelerate the energy transition towards a cleaner energy chain with a lower carbon footprint. The firm is developing proprietary technologies for LNG truck loading stations and LNG filling solutions using ship-to-ISO containers that, once distributed through the road network, will deliver LNG to feed power stations, natural gas distribution companies, industries, and light and heavy vehicles.
“This agreement with Galileo further expands Golar Power’s participation in the LNG chain,” said Eduardo Antonello, Golar Power’s CEO. “It is also a first step towards the development of new domestic LNG sources in the Brazilian market.
“The combination of our strategically located import and re-gasification terminals and extensive distribution network via the partnership with BR Distribuidora is expected to place us in a unique position to reliably serve customers throughout Brazil.
“The economics of this business are solid and represent a unique showcase for what could be replicated worldwide. With an increasing focus on CO2 emissions and carbon taxes, the opportunity to produce and distribute biomethane from landfills has the potential to be a significant global growth market in the years to come.”
The agreement covers the provision of LNG liquefaction solutions to support the development of its small-scale LNG distribution initiatives. The agreement between the two firms includes the introduction of a new clean fuel source through the production of bio-LNG.
The initial order involves the provision of two LNG production clusters. The first considers two LNG production units capable of producing 30 tons of LNG per day from a mature gas field in the Brazilian state of Bahia. The second will be installed in the state of Sao Paulo, where it will capture and liquefy biomethane from landfills. This cluster will have an initial production capacity of up to 15 tons of bio-LNG per day.
Golar Power is tapping new biomethane sources to increase the share of local LNG production and to accelerate the energy transition towards a cleaner energy chain with a lower carbon footprint. The firm is developing proprietary technologies for LNG truck loading stations and LNG filling solutions using ship-to-ISO containers that, once distributed through the road network, will deliver LNG to feed power stations, natural gas distribution companies, industries, and light and heavy vehicles.
“This agreement with Galileo further expands Golar Power’s participation in the LNG chain,” said Eduardo Antonello, Golar Power’s CEO. “It is also a first step towards the development of new domestic LNG sources in the Brazilian market.
“The combination of our strategically located import and re-gasification terminals and extensive distribution network via the partnership with BR Distribuidora is expected to place us in a unique position to reliably serve customers throughout Brazil.
“The economics of this business are solid and represent a unique showcase for what could be replicated worldwide. With an increasing focus on CO2 emissions and carbon taxes, the opportunity to produce and distribute biomethane from landfills has the potential to be a significant global growth market in the years to come.”
