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MOL and DSME collaborate on new FSRU technology

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LNG Industry,

Mitsui O.S.K. Lines, Ltd. (MOL) and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) have entered into an agreement to jointly develop a new technology to reduce the environmental impact of floating storage and regasification units (FSRUs).

This new technology named ‘Cryo-Powered Regas’ will enable to utilise the LNG cold energy, which used to be disposed of, as power generation energy by adopting the Organic Rankine Cycle in the regasification process of the FSRU. Cryo-Powered Regas technology is expected to reduce fuel consumption and CO2 emission of FSRUs significantly.

MOL and DSME plan to test the technology in a small scale pilot facility within 2020, and to provide the safe and environmentally friendly technology to customers in future FSRU projects.

In MOL’s ‘Rolling Plan 2019’ management plan, the company has positioned its Offshore Business as a field where it can leverage its strengths. FSRUs are drawing attention as a solution for a lack of flexibility and mobility in both the LNG and electricity supply chain. MOL will promote the FSRU business and its associated services, which meet customer needs for diversified energy procurement and sustainable development goal (SDG) achievement (i.e. environmental condition and stable development).

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