MHI to License KU Gas Engine Technologies to ZGPT of China

MarineLink.com
Thursday, April 11, 2013
Photo: MHI

Mitsubishi Heavy Industries, Ltd. (MHI) concluded an agreement with ZGPT Diesel Heavy Industry Co., Ltd. (ZGPT), a Chinese manufacturer of stationary and marine engines, under which MHI will license its KU gas engine technologies to ZGPT. The move is targeted in the near term at seeking further penetration of the KU gas engines in the Chinese market as that market continues to mark robust growth, and beyond the near term at entering the local market for gas-fired distributed power generation system, a niche that is expected to greet sharp expansion in demand going forward.

The newly concluded licensing agreement pertains to manufacture and marketing of MHI's 14KU30GSI 4,450 kilowatt (kW) class gas engine. Plans call for expansion of licensed model variations once business relating to the 14KU30GSI gets firmly on track.

China has a plan to introduce a total of 50 gigawatts (GW) natural gas-fired distributed generation systems by 2020. However, because the country is promoting domestic production, local production is indispensable. Until now MHI has been seeking market entry through acquisition of a production base for its KU gas engines, while ZGPT has sought to add competitive gas engines to its lineup. The aims of the two companies have thus meshed in reaching the new licensing agreement.

Going forward, MHI looks to maintain and further develop its relationship with China and to increase the KU engines' share within the Chinese market.

www.mhi.co.jp/en


Contracts

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications

Fred.Olsen Energy, Hyundai Settle Rig Dispute

Rig firm Fred. Olsen Energy and South Korean yard Hyundai Heavy Industries settle dispute over construction of semi-submersible rig Bollsta Dolphin. Shares in Fred.

NordLB to Shed Shipping Loans to KKR

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from

Marine Propulsion

Pods Versus Water Lubricated Props

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded

SCHOTTEL’s LEACON Certified Leak-free

Following a technical update, the SCHOTTEL LEACON system has now been certified by classification society DNV-GL as a leak-free sealing system for the oil-to-sea interface.

IWSA to Host Wind Propulsion Forum at SMM

The International Windship Association (IWSA) will host its annual Wind Propulsion Innovation Forum at SMM2016 in Hamburg, including an extensive agenda with expert

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar 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: 0.0956 sec (10 req/sec)