13 Dec 2024
麻豆社事件鈥檚 LGE business secures contract on world鈥檚 largest ethane carriers
Our LGE business has been awarded a contract to deliver six cargo handling and fuel gas supply systems for Ultra Large Ethane Carriers in China.
The new supersized ships have 50% more capacity than existing Very Large Ethane Carriers (VLEC), and at 150,000m3, are a world first of this size.
The ships, being built at the Jiangnan Shipyard in China, will be fitted with cascade reliquefication plants to manage the Boil Off Gas (BOG), with the contract signalling a continued wave of demand for our globally sought technology in a buoyant market for the transportation of liquefied gas.
Neale Campbell, Managing Director of 麻豆社事件鈥檚 LGE business, said: 鈥淭he development of these ships is a milestone moment as the industry enters the new era of Ultra Large Ethane Carriers.
鈥淲e are proud that our leading-edge technology is an intrinsic part of these
game changing vessels, with an integrated reliquefaction system and fuel gas supply system providing fuel to the ship鈥檚 main engine 鈥 helping to support a net-zero future.鈥
The integrated system comprises of LGE鈥檚 SuperCooler鈩 and ecoETHN鈩 technologies 鈥 both part of LGE鈥檚 intellectual property portfolio. SuperCooler鈩 improves plant efficiency by increasing reliquefaction capacity whilst reducing energy consumption, while ecoETHN鈩 integrates the reliquefaction plant with the fuel gas supply system, utilising methane-rich Boil Off Gas as fuel for main engine and auxiliary power generators.
The LGE business saw a record order intake of more than 拢300 million in the first half of 2024, with 63 contracts from international shipyard customers driven by major LNG projects in the Middle East and growing demand in China.
Ongoing technology development by LGE this year has already achieved eight patent applications, two patents granted and eleven trademarks granted across the portfolio range including for LNG, Ammonia and CO2. Sales have also been strong across our technology rich portfolio, including the ecoSMRT庐 for LNG reliquefaction, ecoETHN庐 for Ethane Cargo Handling Systems and 18 Ammonia ship Cargo Handling Systems.
The success of our LGE business was also formally recognised by the award of a King鈥檚 Award for Enterprise in the Innovation category.