LNG Bunker JV Project for European Ports Supply

Press Release
Wednesday, August 08, 2012

Bomin & Linde outline JV plans to target infrastructure supply of LNG in the European maritime sector.

The Linde Group announce a joint venture with Bomin, a subsidiary of Marquard & Bahls, to build infrastructure for liquefied natural gas in the European maritime sector.

The transaction, subject to the approval of the relevant antitrust authorities is due to start its operations in the latter part of 2012 with  headquarters in Hamburg.

The Joint Venture company will establish operations in a number of key ports throughout the so-called "Emission Control Areas" in North-West Europe.

Vessel emissions in ECAs will have to be reduced from January 1st 2015, which would force ship owners to limit their sulphur emissions drastically. Compared to conventional heavy fuel oil, LNG offers close to 100 per cent reduction of emissions in sulphur and particulate matter, an 80-85 per cent reduction of nitrogen oxides (NOx) and 20-25 per cent less CO2 emissions, Linde noted, adding that the global demand for LNG is estimated to increase by more than 10 per cent per year, making it the fastest growing energy product in the world.

Bomin brings to the joint venture its excellent track record in maritime bunker fuel trading and operations, while Linde will bring in its experience in cryogenics and engineering know-how.

"With the new joint venture company we want to offer LNG to ship owners as an alternative energy source with a lower environmental impact than traditional bunker fuels. The know-how combination of Bomin and Linde will enable us to offer attractive solutions in this emerging market", says Dr Claus-Georg Nette, Member of the Executive Board of Marquard & Bahls AG.


Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Euroseas Sells C/V Marinos

Euroseas Ltd.  an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Bill on Danish Maritime Planning Submitted

The bill is to form the basis of a maritime planning act intended to promote economic growth and development of sea areas. The Danish Maritime Authority is to head the work.

Plans to Create Rio Doce Fund

Vale and BHP Billiton announced today plans to work together, with Samarco, to establish a voluntary, non-profit fund to support the rescue and recuperation of the Rio Doce river system,


Deltamarin to Designs First LNG Handysize Bulk Carriers

Deltamarin Ltd proudly announces that it has signed a contract to design the world’s first LNG handysize bulk carriers, which will point the way towards greener shipping of commodities.

Swan Energy to Invest $845 mln for FSRU Terminal

Swan Energy Limited will invest around Rs. 5,600 crore ($845 mln) towards setting up of Jafrabad LNG Port project in Gujarat with one jetty-moored Floating, Storage and Regasification Unit (FSRU).

Alaska Buys TransCanada AK LNG Stake

The State of Alaska has finalized a deal with TransCanada to buy out the pipeline company's share in the proposed Alaska liquefied natural gas export project for nearly $65 million.

Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1101 sec (9 req/sec)