Canadian Patent Granted for OSMR Technology
Brisbane, Aug 13, 2014 AEST (ABN Newswire) - The Directors of Liquefied Natural Gas Limited ("Company") (
ASX:LNG) (LNGLY:OTCMKTS) are pleased to announce that the Company has been issued its second and final Canadian Patent from the Canadian Intellectual Property Office in Canada.
The Company now has Patents in Canada to protect its two primary inventions being:
- A Method and System for Production of Liquid Natural Gas ("OSMR(R) process"); and
- Boil-off Gas Treatment Process and System ("BOG treatment process").
The Company's Managing Director and CEO, Mr Maurice Brand, said "We are very pleased that the Company's primary inventions are protected in Canada to support the Company's expansion into the Bear Head LNG Project in Richmond County, Nova Scotia, Canada." Patent protection in Canada, and in other important jurisdictions, allows the Company to move forward with other international opportunities as well as progressing the following three projects:
- Magnolia LNG Project in Lake Charles, Louisiana, USA (export of 8 mtpa);
- Bear Head LNG Project in Richmond County, Nova Scotia, Canada (export of 4 mtpa with potential for future expansion), and
- Gladstone Fisherman's Landing LNG Project in Queensland, Australia (export of 3 mtpa).
The OSMR(R) 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.
About Liquefied Natural Gas Ltd
Liquefied Natural Gas Limited (
ASX:LNG) (OTCMKTS:LNGLY) (LNGL) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:
- Magnolia LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an eight mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
- Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 – 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
- Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG; and
- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.
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