Vaporization Technology News

Freeport-McMoRan Exploration Co. is one step closer to obtaining a deep port license to regasify one billion cu. ft. of natural gas per day at one of its former offshore sulfur mines. The U.S. Coast Guard all but approved the request, citing “sufficient information” to continue processing the application. Once approved, McMoRan’s former $1b offshore sulfur mines will receive a $450m facelift to convert the platforms to regasify liquefied natural gas and then ship it to onshore pipelines. McMoRan amended its license application with the U.S. Coast Guard and the Maritime Administration May 31 to obtain approval of its Main Pass Energy Hub project using closed loop technology.

McMoRan Exploration Co. has received correspondence from the U.S. Coast Guard regarding the remaining steps to be completed to obtain a Deepwater Port License for its Main Pass Energy Hub (MPEHTM) project. This information confirms McMoRan's expectation that the work completed to date will enable an expeditious processing of our license application. McMoRan submitted an amendment to its license application with the U.S. Coast Guard and the Maritime Administration (MARAD) on May 31 to obtain approval of its Main Pass Energy Hub project using Closed Loop technology. On July 21, the Coast Guard advised McMoRan that the information provided…