Gasum inks LNG supply deal with Eastman Chemical Company
Finish energy company Gasum has bagged a deal with Eastman Chemical Company in Oulu, Finland, for the delivery of liquefied natural gas from Manga LNG terminal in Tornio.
Gasum will deliver liquefied natural gas (LNG) to Eastman Chemical Company in Oulu, Finland starting from the second half of 2020, the company said in its statement.
The company’s switch to LNG is part of Eastman’s commitment to environmental stewardship.
The Manga LNG terminal is improving the availability of LNG for marine, traffic and industrial segments in Northern Finland and Sweden.
The LNG will be delivered from Gasum’s LNG intermediate storage tank at the terminal in Tornio. It is the biggest LNG terminal in the Nordics, enabling direct LNG deliveries to end-users. The LNG will be delivered from the terminal to Eastman by tanker trucks.
“At our Oulu site in Finland, we are currently implementing more sustainable technologies by switching to LNG. Eastman’s partnership with Gasum has been truly incremental in our journey to improve our environmental footprint,” said Sabine Ketsman, vice president and general manager, Eastman.
The need for alternative, low-emission fuel and energy options is increasing rapidly as companies need to meet their national and international emission target requirements, Gasum said.
The European Union has set a target of reducing greenhouse gas emissions by at least 40 percent by 2030 compared to the emissions levels of 1990. In order to reach these targets, an increasing number of companies are switching from traditional fossil fuels to low-emission fuels such as LNG.