INOXCVA and Mitsui ink MoU on small scale LNG
Indian manufacturer of cryogenic technology INOXCVA and Japanese conglomerate Mitsui have signed an agreement to share technical and commercial expertise on small-scale LNG applications development in India.
The memorandum of understanding (MoU) involves deployment of small-scale LNG infrastructure, including logistics and receiving facilities at the customer end.
It will also offer LNG access to the customers not connected to the pipelines. This is to help increase the consumption of LNG to various users in the automotive, mining, shipping, and rail industry in India.
This partnership wants to use the experience of both organizations for investigating and establishing small-scale energy businesses and projects in mutually agreed locations, making the cleaner fuel more accessible and economically viable.
After their first first small scale LNG installation at the Halol Plant of General Motors in 2010, INOXCVA has installed more than 35 such facilities across the country.
Siddharth Jain, executive director of INOXCVA, said: “Increasing the use of LNG in the progressive and evergreen domains of manufacturing and transport is a priority for our Government, which underlines the benefits of LNG. Our partnership with Mitsui, shows our innovativeness and futuristic approach along with our commitment to the country’s vision of gas-based economy, which is self-reliant in all aspects, including energy. LNG is not only a clean and cost-effective fuel, but is also safe and reliable. We are delighted that our collaborated efforts with an adept partner like Mitsui will make this green fuel more accessible. A larger gas-based industrial ecosystem is a win-win situation for all stakeholders.”
Kaoru Umehara, divisional operating officer of Mitsui, added: “In partnership with INOXCVA we look forward to exploring how we can play a key role in meeting India’s long-term need for cleaner energy. Together we will carry out technical, economic and environmental evaluations for supplying LNG to prospective customers and industrial clusters. We believe our combined expertise will synergize well to bring the benefits of LNG at regional and national levels, and create a sustainable manufacturing ecosystem.”