Global LNG Bunkering Market to Reach USD 8.19bln by 2023
Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth. However, higher capital investments, poor bunkering infrastructure are the factors inhibiting the market growth. Offshore Support Vessels (OSVs) segment is anticipated to be the largest market for the global LNG Bunkering market during the forecast period. The growth is attributed to feasible operations during shipping and loading.
PPG Debuts New Coatings for Steel, Metal Applications
PPG has introduced PSX 800 and PSX 805 coatings for steel and metal surfaces, two next-generation products formulated with greater flexibility and hiding performance than competing polysiloxane coatings. According to PPG, the two new products feature improved flexibility, which enables them to withstand the cracking under stress commonly associated with difficult steel, tank exterior and building exterior applications. PSX 805 coating adds a durable satin-sheen finish that masks imperfections on metal surfaces.
Green new-build wins GAC Group Chairman's Environment Award for GEMS
The commitment of GAC Energy & Marine Services (GEMS) to sustainability when building its new purpose-built office and warehouse building in Houston, Texas, has earned it the First Prize in the GAC Group Chairman's Award for Environmental Excellence for 2013. The 180,000+ square feet LEED (Leader in Energy & Environmental Design) certified facility opened in September 2013 to serve GEMS customers while minimizing its impact on the environment and achieving significant savings in energy costs. Built on a previously developed site to avoid the use of unutilised land and the destruction of natural habitat, the building's 'green' design include features which reduce energy and water savings by 34% and 40%, respectively, compared to a conventional office/warehouse building.
