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MOL and DSME join forces for new FSRU technology

MOL and DSME join forces for new FSRU technology

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

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

In MOL's management plan, "Rolling Plan 2019", MOL has positioned its Offshore Business as a field where MOL can leverage its strengths. FSRUs are drawing attention as a solution for flexibility and mobility in both the LNG and Electricity supply chain. MOL will promote the FSRU business and its associated services, which meets customer needs for diversified energy procurement and SDGs achievement (i.e., environmental condition and stable development), as the leading company of FSRU business in Asia.

The research project is being pursued as interest in FSRUs continues to pick up as a solution for flexibility and mobility in both the LNG and electricity supply chain.

Maritime Business World 

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