Golar, Black & Veatch Form Clean Tech Pact
Bermuda-based LNG shipping company Golar LNG and US engineering firm Black & Veatch (B&V) have agreed to work together in ammonia production, carbon capture, green LNG and hydrogen, Golar said on November 19.
The pair plans to jointly publish a thought leadership paper this year on their first area of interest, floating ammonia production with carbon capture and storage. In the subsequent months, they will continue jointly publishing thoughts on the technical and commercial viability of floating green and blue technologies.
Any projects that follow the initial research and investigation stages will be developed under a separate commercial agreement between the two companies.
"[The] replacement of coal, fuel oil and diesel with cleaner burning LNG represents one of the easiest and most cost-effective near-term steps to decarbonise the world's energy mix," Golar CEO Iain Ross said. "Golar and Hygo Energy Transition are extremely well positioned to drive this with their low-cost quick delivery infrastructure solutions and emerging use of bio LNG. The next step is to plan for a net zero carbon energy mix."
"This collaboration builds on years of delivering commercial and technology innovation with Golar, a visionary in monetising natural gas reserves,” said Hoe Wai Cheong, president of Black & Veatch’s oil and gas business. "Given hydrogen and ammonia’s use in many energy-intensive industries we can make meaningful progress in lowering the carbon footprint and help these industries meet new sustainability commitments."