MOL, DSME Get Approval for New Regas System Design
Japanese shipowner Mitsui OSK Lines (MOL) and South Korean Daewoo Shipbuilding & Marine Engineering (DSME) have jointly obtained approval in principle (AIP) from Bureau Veritas for the design of a new cold energy use regasification system, Cryo-Powered Regas, for floating storage and regasification units, MOL said March 3.
“The Cryo-Powered Regas system, which MOL and DSME obtained the AIP this time, will enable to utilise the LNG cold energy as power generation by adopting the Organic Rankine Cycle in the FSRU regasification process. The system is targeted to reduce the fuel gas consumption and CO2 emission for FSRU by approximately 50% by recovering approximately 70% of the power consumption in the regasification process at maximum rated regas flow rate,” MOL said.
Last month, the two companies entered into an agreement to jointly develop the Cryo-Powered Regas technology. MOL and DSME plan to test the technology in a small-scale pilot facility within 2020 and provide the technology to customers in future FSRU projects.
“Organic Rankine Cycle system itself is a proven technology that has been utilised in multiple onshore LNG terminals for around 40 years. This will be however the world's first case to adopt the system for FSRU,” MOL said.