The companies have inked a memorandum of understanding (MoU) for further study in using liquefied petroleum gas (LPG) as a marine fuel.
The LPG bunkering concept was shaped as one of the solutions for the approaching global sulphur cap. Tokyo-headquartered Astomos Energy says the MoU was signed to facilitate further cooperation for the pair to share and research information for collaboration on LPG fuelled vessels, organising global supply sites for LPG bunkering and other fields relating to LPG bunkering.
‘For the past years, Astomos and Statoil have been forming respectable business partnership in the fields of seaborne LPG trading all around the world,’ said Astomos Energy. ‘This MoU made stronger partnership for two companies and will contribute to expansion of new business fields.’
Last month the first LPG-fuelled ferry completed Hazard Identification (HAZID) discussions in Busan. The vessel will feature GE’s COmbined Gas turbine Electric and Steam (COGES) system.