Cryogenic tech firm Inoxcva is joining forces with a unit of Japan’s trading house Mitsui & Co to develop the small-scale LNG market in India.
The duo signed a memorandum of understanding to share “technical and commercial expertise for further establishing a virtual pipeline to service the growing demand of LNG in India,” Inoxcva said in a statement.
The deal entails the deployment of small-scale LNG infrastructure including logistics and receiving facilities.
Inoxcva and Mitsui & Co (Asia Pacific) plan to offer LNG to customers not connected to pipelines.
Moreover, the cooperation would help boost consumption of “clean, reliable and cost-efficient” LNG to various users in the automotive, mining, shipping, and rail industry all over India, the statement said.
Inoxcva says it has already installed more than 35 small-scale LNG facilities across the country. The firms’ tanker fleet under its brand ‘GoLNG’ supports these facilities.
According to Inoxcva, the fleet has logged more than 6.5 million kilometers and distributed about 100,000 metric tonnes of LNG to customers in India.
To remind, the firm announced in March last year a partnership with Shell’s unit in India to develop the market for LNG supply by road from the import terminal in Hazira. The duo also agreed to work on LNG as a transport fuel for heavy-duty trucks and buses.
In addition, Inoxcva recently said it has tested its newly developed LNG dispensers at Petronet ‘s Dahej and Kochi terminals.