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快播 Energy & Industrial Gases Group and GTT Announce Partnership to Advance LNG-Fueled Shipping Market


Temecula, Calif., Sept. 5, 2024
鈥 快播 Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.鈥檚 Industrial Business segment, and GTT announced today they have entered into a partnership to support the LNG-fueled cargo shipping market. The partnership between Nikkiso CE&IG and GTT brings together cutting-edge engineering and technology for LNG membrane containment and process systems and best-in-class hardware, global manufacturing and technical integration competencies.

GTT鈥檚 patented Recycool鈩 technology ensures boil-off gas (BOG) is recovered and managed safely to avoid unwanted emissions and improve fuel efficiency. Integrated with Nikkiso鈥檚 high-pressure fuel gas pump skids, the partnership provides ship owners with enhanced performance by maintaining reliability durability and efficiency to give customers a competitive edge in the market.

鈥淥ur partnership with GTT and complementary expertise advances the growth of both companies in the LNG-fuelled shipping market,鈥 said 快播 Energy & Industrial Gases CEO Adrian Ridge. 鈥淭his strength is evidenced by the first large order for 10 container ships, and we expect more awards in the future.鈥

Jean-Baptiste Choimet, Chief Executive Officer of GTT, stated: “I鈥檇 like to thank the Nikkiso team for their support and collaboration. With GTT鈥檚 expertise in reducing boil-off rates through our membrane technology, the Recycool鈩 system now provides LNG-fueled vessels with effective solutions for managing boil-off and lowering their carbon footprint. The adoption of Recycool鈩 by leading Chinese and Korean shipyards reflects the industry’s trust in this solution.鈥

The value of this partnership has already been recognized by large ship owners with a recent award from a leading shipping operator and numerous projects under negotiation for a variety of ship types.

About 快播 Energy & Industrial Gases Group
The 快播 Energy & Industrial Gases Group is a leading provider of cryogenic equipment, technologies and applications for clean energy and industrial gas market segments. The Group employs more than 1,700 people in 22 countries and is headed by Cryogenic Industries, Inc. in Southern California, U.S., which is a wholly owned subsidiary of Nikkiso Co., Ltd. (TSE: 6376).

Media Contact:

pr@nikkisoceig.com