Karpowership Worldwide and Galileo International Applied sciences Ltd. have signed a memorandum of understanding (MoU) to type a strategic partnership in a variety of technical and industrial areas.
Karpowership, totally dedicated to the power transition, goals to increase its actions into the pure fuel, biomethane, hydrogen, and LNG area by leveraging its expertise with floating power infrastruc-ture.
The partnership consists of strategic cooperation in technical and industrial areas, provide of apparatus and companies, joint resolution improvement, and a possible funding in Galileo by Karpowership for the event of modern options within the FLNG sector and different areas in transitional power.
Orhan Karadeniz, CEO of Karpowership, “With our huge expertise in energy technology, Karpowership has been a profitable participant within the mid and downstream facets of the pure fuel enterprise for many years, and we’re extremely excited to be exploring an enlargement of our upstream capabilities via this part-nership with Galileo,” stated Orhan Karadeniz, CEO of Karpowership. “By increasing into floating liquefaction infrastructure with Galileo’s assist, we will probably be additional securing our reliability and suppleness of provide whereas additionally serving to prospects develop their indigenous fuel assets in a extra environmentally acutely aware and price aggressive approach.”
“For 35 years, we’ve been creating various visions and options for pure fuel and various fuels, which started with our invention of the fuel Digital Pipeline® again within the 90s and later developed into our Pure Fuel 3.0® idea, which can attain its highest level with the event of the modular FLNG options. Our applied sciences and Karpowership’s expertise and options will make this resolution a paradigm shift within the international market,” commented Osvaldo del Campo, CEO/CTO and founding father of Galileo Applied sciences.
So far, there are solely 5 operational FLNG amenities globally. The corporate goals to leverage Galileo’s modular liquefaction items, often known as ‘Cryoboxes’, to change into a one-stop resolution supplier, from upstream manufacturing via transportation, storage, consumption, and energy technology.
Each events will share technical and industrial know-how to develop and implement their modern pure fuel, biomethane, hydrogen, and LNG options globally.
Learn the article on-line at: https://www.lngindustry.com/floating-lng/07092023/karpowership-and-galileo-partner-up/