Matrix PDM Engineering, GTT sign LNG membrane tech licensing agreement

Matrix Service Company said that its subsidiary, Matrix PDM Engineering, signed an agreement with LNG containment specialist GTT’s unit, GTT North America, for its membrane tank technology. 

Matrix PDM becomes the first US-based company to be licensed by GTT, the company said in its statement on Monday.

The license grants Matrix PDM Engineering the right to implement GTT’s patents to construct onshore storage tanks for LNG, LPG and other liquefied gasses through affiliated Matrix construction companies

The agreement comes following revisions to various standards including NFPA 59A, US standard for the production, storage, and handling of LNG, and Canadian Standard CSA Z276 to include provisions for the use of membrane tanks for cryogenic and refrigerated storage in North America.

For its part, GTT will supply Matrix technical assistance through its engineering and operations teams, the French company said in its statement.