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Designs Worlds First LNG/Ethylene/LPG Car

11th May 2009 11:39

RNS Number : 0252S
TGE Marine AG
11 May 2009
 



TGE MARINE AG

11 May, 2009

TGE Marine designs world's first combined LNG / Ethylene / LPG carrier

TGE Marine AG, the market leader for the design and construction of cargo handling systems for ships and offshore units carrying liquefied cryogenic gases, is pleased to announce that following successful gas trial on May 7th, the world's first combined LNG / Ethylene / LPG Carrier was put into service in Norway. 

This is a major milestone for TGE Marine, who designed the 7,500 m³ capacity vessel and provided the gas plant.

The Coral Methane achieves world firsts not only in terms of its ability to handle a broad range of operating conditions, but also on an environmental basis with its unique employment of a dual diesel and electric propulsion system. 

TGE Marine engineered and delivered all the gas plant equipment, including cargo tanks, to the Remontova shipyard in Poland. TGE’s in-house naval architecture and engineering departments developed the general concept of this new type of gas carrier, in close co-operation with the owner and operator, Anthony Veder group of Holland.

 

Commenting on today's news, Dr Manfred Kuver, TGE Marine AG's CEO, said:

"TGE Marine's design of the world class 'Coral Methane' clearly reinforces our position as market leader for innovative mid-scale LNG carrier solutions. We are also delighted to have designed the most environmentally friendly carrier of this nature to date."

Jan Valkier, Managing Director of Anthony Veder said:

"For our company this vessel is a big step forward in the distribution of clean energy. We are delighted with TGE's excellent service in this project and we are currently also developing other innovative gas shipping projects together with TGE, which are related to the reduction of CO2 emissions."

Enquiries:

TGE Marine AG

Dr Manfred Küver, CEO Tel:+44 (0)228 604 480

Pelham PR

Mark Antelme Tel: +44 (0)20 7337 1500

Henry Lerwill

Notes to editors:

The CORAL METHANE has a cargo capacity of 7,500 m³ provided by two cylindrical cargo tanks, a dual fuel diesel electric propulsion system, two Azipull thrusters for optimum manoeuvrability, Class leading notations for ice and cold environment operation given the need to operate in severe Arctic conditions. As required by the charterer, GASNOR from Norway, the vessel is designed to distribute LNG cargo in coastal and narrow fjordsA special feature of the ship is the ability to trade multi-cargoes with temperatures ranging from -163°C up to +45°C including ethylene, propylene, LPG and other petrochemical gases.

The new TGE gas plant design for this LNG/multigas carrier is based on the well proven TGE Ethylene Carrier standard, enhanced with new TGE developments to cope with the requirements for LNG trade in arctic regions and LNG-terminals of standard size.

TGE's upgrade includes a fuel gas processing plant using small submerged motor pumps, an additional elevated LNG cross-over on top of the compressor house to fit to the loading arm envelope of jetties designed for 150,000 m³ vessels, a deck tank for LNG/multigas as well as a PSA-type nitrogen plant foreseen for quick cargo changing procedures. Furthermore deepwell cargo pumps were implemented for the first time for LNG, which have been developed by a world leading manufacturer in close co-operation with TGE's engineers. These enhancements result in high trading flexibility, hence the vessel may trade ethylene or other petrochemical gases in times where the LNG demand is low.

The "CORAL METHANE" is a new generation of environmentally friendly and highly flexible LNG/multigas carriers, which will play a vital role in the future for coastal area or island supply.

TGE is currently engaged in several projects for small scale LNG distribution in the Mediterranean and Carribean islands. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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