GTT signs license agreement with Matrix PDM Engineering

The license grants Matrix PDM Engineering the right to implement GTT's patents to construct onshore storage tanks for LNG, LPG and other liquefied gases through affiliated Matrix construction companies.

Matrix PDM is the first engineering, procurement and construction (EPC) company based in the US to be licensed by GTT. The company is now well positioned to provide GTT's onshore technology throughout the US, Canada, Mexico and the Caribbean.

The agreement follows revisions to various standards including NFPA 59A and Canadian Standard CSA Z276 to include provisions for the use of membrane tanks for cryogenic and refrigerated storage in North America.

Philippe Berterottière, Chairman and Chief Executive Officer of GTT, said: "Building on the recent milestone within NFPA 59A, GTT is pleased to partner with Matrix, a first class EPC, to bring a new value proposition to the North American market through the inherent advantages of GTT's proven membrane technology: reduced CAPEX/OPEX and reduced time to market using local trained operators implementing a standardized and modular technology."

Ken Erdmann, Vice President of Matrix PDM Engineering, said: "GTT membrane technology adds to our suite of offerings and builds upon our years of experience in the traditional design and construction methods used for LNG and NGL tanks […] GTT technology has been used for decades on LNG carriers and various land based applications in other countries around the world. Examples of projects that might benefit are LNG facilities, where owner/operators seek faster speed to market or, in some instances, for projects located in areas with higher seismic activity."

GTT will supply Matrix technical assistance through its engineering and operations teams. The GST^® membrane technology was wholly designed by GTT, is proven with 50 years' experience adapted from the GTT Mark III technology for marine application, and is suitable for small and large capacity storage alike.

Read the article online at: https://www.lngindustry.com/lng-shipping/11102016/gtt-signs-license-agreement-with-matrix-pdm-engineering/