Golar and Black & Veatch Announce Collaboration in Floating Ammonia Production, Carbon Capture, Green LNG and other emerging ...
November 19 2020 - 9:23AM
Golar LNG Limited (“Golar” or “the Company”)
announces today that it has agreed with Black & Veatch
Corporation (“B&V”) to expand on their long-standing FLNG
relationship and enter into a collaboration agreement in the field
of floating ammonia production, carbon capture, green LNG and
hydrogen. Golar brings to the relationship its deep experience of
delivering and operating paradigm shifting low cost floating LNG
infrastructure that works, and B&V, as a leading provider of
LNG technology also bring a deep expertise in green technologies.
Within 2020, Golar and B&V intend to jointly publish a thought
leadership paper on our first area of interest for collaboration,
floating ammonia production with carbon capture and storage
(“Floating Blue Ammonia”). In subsequent months, Golar and B&V
intend to continue to jointly publish our thoughts as we focus in
on the technical and commercial viability of the most prospective
floating applications of the green and blue technologies and areas
of interest that we intend to investigate together.
Any project development and implementation that
follows the initial research and investigation stages above will be
subject to a separate commercial agreement between the two
companies.
Golar CEO Iain Ross commented “replacement of
coal, fuel oil and diesel with cleaner burning LNG represents one
of the easiest and most cost-effective near-term steps to
decarbonize the worlds energy mix. Golar and Hygo Energy
Transition are extremely well positioned to drive this with their
low-cost quick delivery infrastructure solutions and emerging use
of BIO LNG. The next step is to plan for a net zero carbon
energy mix. As a company with an established history of
championing and delivering disruptive solutions to problems in its
industry, and a serious and continuous commitment to its ESG
agenda, Golar looks forward to working with a likeminded and
equally capable partner, in the field of floating ammonia and
hydrogen production, carbon capture, and other decarbonisation
initiatives.”
“This collaboration builds on years of
delivering commercial and technology innovation with Golar, a
visionary in monetizing natural gas reserves,” said Hoe Wai Cheong
president of Black & Veatch’s oil and gas business. “Given
hydrogen and ammonia’s use in many energy-intensive industries we
can make meaningful progress in lowering the carbon footprint and
help these industries meet new sustainability commitments.”
FORWARD LOOKING STATEMENTS
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) which reflects management’s current
expectations, estimates and projections about its operations. All
statements, other than statements of historical facts, that address
activities and events that will, should, could or may occur in the
future are forward-looking statements. Words such as “may,”
“could,” “should,” “would,” “expect,” “plan,” “anticipate,”
“intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue,” or the negative of these terms and similar
expressions are intended to identify such forward-looking
statements.
These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Golar LNG Limited undertakes no obligation
to update publicly any forward-looking statements whether as a
result of new information, future events or otherwise, unless
required by applicable law.
Hamilton, Bermuda
November 19, 2020
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