As part of a new agreement, Cryopeak LNG Solutions and Sumitomo Corporation will jointly develop an LNG bunker-fuels supply chain in North America’s Pacific Norwest ports.
The two companies have signed an MoU which will see a focus on developments in areas such as Vancouver, Fraser River Port, Roberts Bank and Prince Rupet, Canada.
Announced yesterday, the agreement aligns with the parties’ initiative to build an industrial platform for procuring and supplying environmentally friendly and low-cost LNG as a marine fuel globally.
Calum McClure, CEO of Cryopeak, said, “Cryopeak is excited to collaborate with Sumitomo Corporation to further LNG bunkering activity in North America. Both companies ae driven by desire to make purposeful and significant contributions to environmental improvement and sustainability.”
Cryopeak is currently developing a design for a 4,000m3 LNG bunkering barge to be used in an articulate tug and barge (ATB) configuration, with plans to be in operation by 2023. The ATB will provide ship-to-ship transfers to small-scall marine distribution infrastructure in the North American Pacific Northwest.
Under the agreement, Sumitomo will offer Cryopeak’s end-to-end LNG fuelling solutions to existing and potential customers in ports on the West Coast of North America.
Shu Nakamura, Department General Manager of Sumitomo, said, “We are very proud that the cooperation between Cryopeak and Sumitomo is paving the way towards the development of LNG as a cleaner marine fuel, especially in Vancouver, one of the most eco-friendly ports in the world.”
“With this agreement, we pursue our ambition to build a comprehensive network of LNG bunkering. It also underscores our commitment to offer our customers the best available and technologically proven solution to significantly reduce the environmental footprint of maritime transport.”