GTT venture advances LNG membrane technology

Under the agreement, the two parties will work to commercialise the technology this year, and Samsung Heavy will build a mock up after final developments and tests.

“These agreements illustrate the quality of the partnership we have with the shipyards and high trust they give to our technologies,” said Philippe Berterottière, chairman and CEO of GTT.

The Mark V technology is an optimised version of the Mark III system and its sister Mark III Flex, and comes after years of research and development. As of 31 December 2014, 146 Liquefied Natural Gas Carriers (LNGCs) were equipped with these two systems. The Mark V technology received Approvals in Principal (AIPs) from major classification societies.

“Mark V is the outcome of GTT’s continuous innovation dynamics dedicated to the LNG industry. We are very pleased to have reached this important step for its introduction to the market,” he added.

As with the Mark III and Mark III Flex, the Mark V technology is composed of a double insulation with reinforced polyurethane foam. The new system also includes an innovative iron-nickel alloy corrugated secondary membrane and offers significant improvement of the warranted daily boil off rate.

GTT is also in the process of finalising another cooperation agreement with Hyundai Heavy Industries.