REGI U.S. and its unit RadMax Technologies have signed a memorandum of understanding (MOU) with South Korean LNG solution provider Trans Gas Solution (TGS).
RadMax said that the MOU would be used to guide the development of RadMax rotary, axial vane devices for a variety of LNG projects and applications over the upcoming year.
Paul Porter, CTO of RadMax Technologies, stated: “The MOU describes and confirms the companies’ decision to collaborate on the development of RadMax devices, custom-designed for TGS’s intended applications.
“Those applications involve multiple devices encompassing a diverse group of LNG projects, including the highly publicized, LNG fuel bunkering infrastructure project.”
The LNG fuel bunkering project supports the International Maritime Organization’s global initiative to implement more restrictive regulations on NOx and SOx emissions. Specifically, a 0.5% global sulfur cap on marine fuels starting January 01, 2020.
TGS intends to address this issue, starting in S. Korea by building an LNG fuel bunkering infrastructure that provides easy access to clean-burning, lower-cost LNG for all shipyards and ship operators of small to mid-sized vessels.
A significant step toward establishing this infrastructure was made in March 2019, when TGS received an order from the S. Korean government’s Ministry of Oceans and Fisheries for the first LNG storage and bunkering barge, a key component of the prototype supply system to be built and tested.
Paul Chute, CEO of RadMax Technologies, added: “While the details pertaining to the number of projects and types of RadMax devices involved are confidential, we can state that all projects promote the environmental, cost and other beneficial properties of the RadMax devices and LNG to reduce GHG emissions and re-capture energy from sources not viable with incumbent technologies.“