MOL, DSME to Work on a New Technology for FSRUs

Japanese shipping firm Mitsui OSK Lines (MOL) and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have entered into an agreement to jointly develop a new technology to reduce environmental impact for floating storage and regasification units (FSRUs), MOL said February 21.

“This new technology named Cryo-Powered Regas will enable to utilize 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. Cryo-Powered Regas technology is expected to reduce fuel consumption and CO₂ emission of FSRU significantly,” MOL said.

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