Hitachi High-Technologies Corp. and Air Water Plant and Engineering Inc. (AWP), have agreed to operate a manufacturing and sales business in North America for tank containers for transporting LNG and related products.
The companies will establish a new joint venture: Hitachi High-Tech AW Cryo Inc. (HTAW).
HTAW will conduct a manufacture and sales operation for the LNG transport tank containers and related products, to realise safe, efficient transportation of small to medium volumes of natural gas.
HTAW will use Hitachi High-Tech’s sales expertise and network in the North American market to market LNG transportation tank containers that utilise AWP’s cryogenic thermal insulation technologies, which offer excellent performance against shock and vibration during transport.
HTAW will focus its operations on regional energy supply companies and major logistics companies in the US and Canada. The joint venture is targeting net sales of 12 billion yen in fiscal 2020.
AWP is a subsidiary of Air Water Inc. – the holders of the top share of Japan’s LNG tank lorry market.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/small-scale-lng/20052014/htaw_to_sell_lng_containers_to_north_america_624/