Page 11 - GLNG Week 09 2021

GLNG NEWS IN BRIEF GLNG

international forest conservation project, and
have been generated based on the rigorous
standard and verified by the reliable third-
party.
Currently, there are more than 120
countries, including Japan, that have set
carbon neutral goals by 2050, which accounts
for approx. 40% of the world’s greenhouse
gas emissions. In order to achieve carbon
neutrality globally, it is increasingly important
to preserve and expand forests and other
sources that sequester CO2. However,
also cooperate in the establishment of a joint developed an end-to-end integrated solution deforestation is still taking place mainly in
venture company that is tentatively controlled for Indian markets, with locally certified fuel developing countries, and 5 billion tons of
by China Gas. This joint venture company tanks, fuel stations and LNG dispensers. This CO2 is emitted every year, nearly five times
will be responsible for the merger and endeavour strongly supports Government of Japan’s total emissions.
acquisition of downstream gas companies, as India’s vision of increasing the use of natural Mitsui is engaged in forest planting
well as acquisition of downstream gas project gas in the country’s energy mix by enabling projects in Australia and other countries and
concession rights. the use of safe and environment friendly fuel carbon credit generating projects through
As for LNG business, Sinopec will support in different sectors of the economy. initiatives such as forest conservation activities
China Gas to invest in their newly-established With Government’s plan of setting up in Cambodia, and the company will continue
LNG receiving terminal projects, and it will more than 1000 LNG fuelling stations across to maintain and develop forests and other
enjoy the window period rights for receiving the country, LNG as a transport fuel, would sources that absorb CO2.
and unloading LNG import resources not only reduce the air and noise pollution In the medium-term management
according to their respective shareholding, levels, but also have a greater commercial plan announced in May 2020, the energy
enabling the group to realise its strategic advantage in comparison to the prices of solutions field has been identified as an area
LNG import plan as soon as possible. Also, diesel and petrol. To enhance the availability, of strategic focus where we can leverage
by leveraging the group’s logistics advantages INOXCVA has developed on board LNG our comprehensive capabilities, and our
in regional city gas projects, coastal LNG Fuel tanks for heavy duty buses and trucks. mission is to support our customers’ efforts
imported trade and onshore LNG logistics Being a liquid fuel like diesel at low pressure to decarbonise. We will continue to promote
capacity, as well as giving play to the layout of and having higher density per volume, LNG the transition to LNG to help reduce
Sinopec’s petroleum/gas stations, both parties as a fuel allows large commercial vehicles to environmental impacts around the world,
will co-operate in developing gas/recharging cover more distance between two fillings as and in addition to this move towards carbon
pole joint stations, LNG distribution compared to CNG and cuts down the fuelling neutralisation, we will strive to provide a
warehouse and relevant logistics system, time. The initiative would also significantly variety of solutions such as renewable energy,
as well as jointly develop initiatives in the bring down the vehicle maintenance cost as NexGen/low-carbon fuels, supply of hydrogen
transportation energy business. compared to diesel vehicles. and ammonia, CCUS (carbon dioxide capture,
CHINA GAS HOLDINGS, March 04, 2021 INOXCVA, March 04, 2021 utilisation and storage), and carbon recycling.
MITSUI & CO., February 26, 2021
INOXCVA develops India’s Supply of carbon-neutral
first LNG dispenser LNG to Hokkaido Gas EUROPE

Indian multinational and one of the world’s Mitsui & Co. (head office: Tokyo, president Elengy celebrates the
leading manufacturer of cryogenic technology and CEO: Tatsuo Yasunaga) has signed a basic
equipment and solutions, INOXCVA has agreement with Hokkaido Gas (president: 10,000th LNG delivery in its
announced that it has indigenously designed, Hiroshi Otsuki) for the supply of carbon
developed and manufactured India’s first neutral LNG. This is the first time that terminals
ever LNG dispenser. With LNG being Hokkaido Gas will receive carbon-neutral
introduced as a vehicular fuel as per the LNG, and also the first time for Mitsui to On March 3, 2021, Elengy, a GRTgaz
Central Motor Vehicle Rules, the creation of supply carbon-neutral LNG. subsidiary part of the ENGIE, unloaded
this LNG dispenser by INOXCVA would play This agreement is based on the long-term its 10,000th cargo of liquefied natural gas
a significant role in promoting the use of the LNG Sale and Purchase Areement concluded (LNG). Since the first delivery at its Le Havre
sustainable and environment-friendly LNG in October 2017. With respect to the carbon- LNG terminal in 1965, the world’s LNG
for long distance heavy motor transportation. neutral LNG that is to be supplied by Mitsui pioneer has unloaded 326 million tonnes
The development of the LNG dispenser to Hokkaido Gas in March this year, Mitsui of LNG, about 10% of all LNG cargoes that
is in line with the Government of India’s will offset the CO2 emission (carbon offset) have been delivered worldwide and which
encouraging and progressive policy to on a life cycle basis including feed gas represents the equivalent of Europe’s gas
promote LNG as fuel for heavy motor vehicles production, liquefaction and combustion by supply over one year. After Le Havre, it is
in India. With LNG poised to become an using the carbon credits. up to the three terminals at Fos Cavaou, Fos
alternate to Diesel for long distance trucking The carbon credits covered in this Tonkin and Montoir-de-Bretagne to ensure
and passenger transportation, INOXCVA has agreement were purchased by Mitsui from an the safe unloading of LNG, thus securing the

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