Galileo Group has announced that it has established a strategic partnership with Blue Water Energy (BWE) and acquired the entire share capital of the company from erstwhile shareholders.
Galileo Group's core capabilities include the development of goods and services for the natural gas, biogas and hydrogen value chains, making the production, transportation and consumption economically feasible through unconventional methods.
Under the new partnership with BWE, Galileo Group has established a new holding company in London, UK (Galileo Global Technologies) and plans to embark upon a series of growth initiatives, including the commissioning of a new plant in the city of San Martin, Buenos Aires, Argentina, in July. This plant will be dedicated exclusively to the manufacturing of customers' products.
Driven by the recent success of its proprietary Cryobox technology in converting flared gas into a usable fuel source, from production assets in Bakken, North Dakota, US, Galileo said that it is witnessing increased demand from that region. To address this, the company is also planning to build an enlargement to its Los Angeles manufacturing facility to incorporate production lines for Cryobox LNG Nano stations and thereby provide more efficient solutions to its customers.
Edited from press release by Callum O'Reilly
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