Connect LNG says its decision to rebrand as ECONNECT Energy reflects ‘a broader focus on clean energy transfer solutions.’
The new focus aims to make clean energy accessible globally to realise solutions for not just LNG, but also renewable fuels and the carbon capture value chain, the company said.
Founded in 2012, the company pioneered the world’s first jettyless transfer of LNG. Following the rebrand, it is advancing into renewable energy and carbon sequestration markets and intends to leverage its experience in the LNG energy market to enable a ‘seamless transition’ into new, carbon-free energy solutions.
The company says its floating jettyless system, the IQuay (previously named the UTS), is flexible to energy demand, and can be used for carbon capture and storage (CCS) and renewable fuels such as ammonia, bio-LNG and hydrogen.
‘A passion for change and a desire to challenge “common practice” are in the company’s DNA. When we designed our transfer solution we always wanted to apply it to more than just LNG,’ said CEO Morten Christophersen.
‘With our current focus and success in the LNG market coupled with experience with CCS and renewables, we are well-positioned to broaden our scope to include new, carbon free energy solutions. For us, this is a natural progression on our journey. We will always seek to challenge the status quo and look beyond.’
