Liquefied Natural Gas Limited announced that the Company has been issued its second and final Certificate of Invention Patent from the State Intellectual Property Office of the People’s Republic of China.
The Company now has Patents in China to protect its two primary inventions being:
– A Method and System for Production of Liquid Natural Gas (OSMR® process); and
– Boil-off Gas Treatment Process and System (BOG treatment process).
“ We are very pleased that the Company’s primary inventions are protected in a market as big as China. As worldwide economic and capital constraints are likely to limit investment in larger LNG Projects, we expect and are finding more interest in the OSMR® Technology. Having Patent protection in China, and in other important jurisdictions, allows the Company to move forward with other international opportunities as well as Gladstone Fisherman’s Landing LNG Project in Queensland, Australia ”, said Mr Maurice Brand, the Company’s Managing Director and Joint CEO .
The OSMR® process is based on a proven simple single mixed refrigerant system with the addition of conventional combined heat and power and ammonia refrigeration technology to significantly enhance the plant performance (LNG output and overall process efficiency).
This results in a plant cost of around half that of competing technologies (based on $/tpa) and an overall plant efficiency which is around 30% better than others (i.e. 30% less carbon emissions). This, together with the Company’s plant modularisation and construction strategy, substantially improves project economics.
The OSMR® process is planned to be used in the Company’s 3 million tonnes per annum Gladstone Fisherman’s Landing LNG Project in Queensland, Australia. China’s Huanqiu Contracting & Engineering Corporation is currently preparing an engineering, procurement and construction proposal based on the OSMR® process.
[mappress]
LNG World News Staff, June 28, 2012