Alfa Laval Buys Safety Equipment for LNG Carriers, Sweden

Alfa Laval has acquired the assets and technology for a gas combustion unit from the company Snecma (Safran). The product, which will be included in the offering from the Marine & Offshore Systems segment, is expected to generate sales of about SEK 40 million in 2013. The product is a piece of safety equipment for Liquefied Natural Gas (LNG) carriers.

It prevents overpressure of the LNG tanks by venting the boil-off gas and burning it, instead of letting the highly flammable gas out into the atmosphere, which is prohibited by marine safety regulations.

Lars Renström, President and CEO of the Alfa Laval Group, comments on the acquisition: “With this acquisition we expand and further strengthen our offer to the growing gas transportation business, a business which typically has high barriers to entry. Few companies can offer this type of safety equipment.”

1 Swedish krona = 0.156387 U.S. dollars

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LNG World News Staff, March 07, 2013