Marubeni, Eneos working on LNG-powered ethylene carrier

Japanese trading house Marubeni is joining forces with compatriot energy firm Eneos to work on an ethylene carrier powered by liquefied natural gas (LNG).

In that regard, the two firms have signed a memorandum of understanding as they look to slash emissions in the ethylene supply chain, according to a statement by Marubeni released on Friday.

Marubeni said it would charter the LNG-powered vessel over a long-term period to supply ethylene as of 2024.

The vessel would become the first ethylene carrier equipped with a dual-fuel engine, including LNG and very low sulfur fuel oil, built for ethylene export from Japan, the trader claims.

Also, this would help the vessel reduce emissions of carbon dioxide by roughly 40 percent
compared to conventional ethylene carriers, it said.

Eneos and Marubeni intend to further develop “carbon neutralization in the ethylene supply chain in order to meet customer needs for low carbon and decarbonization,” it said.

The firm did not provide any additional information.

Most Popular

Posco International, Glenfarne ink Alaska LNG pact

US energy firm Glenfarne and Posco International, a unit of South Korean steel producer Posco, have signed a deal to advance a strategic partnership for the development of the Alaska LNG project. This includes initial terms for a long-term heads of agreement for LNG supply.

Monkey Island LNG pens offtake MoU

Houston-based Monkey Island LNG, the developer of a 26 mtpa liquefaction and export facility in Cameron Parish, Louisiana, said it had signed a memorandum of understanding with an unidentified international oil company for the offtake of LNG.

Hudong-Zhonghua gets approvals for new LNG bunkering vessel

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a 25,000-cbm LNG bunkering vessel design it jointly developed with French LNG containment specialist GTT.

More News Like This

Japan’s Jera launches third LNG unit at Goi power plant

Japan’s Jera has launched the third and final new LNG unit at its Goi thermal power plant in Chiba as part of a replacement project.

Japan’s Jera launches second LNG unit at Goi power plant

The power firm and LNG trader said on Thursday that the power station’s unit 2 had begun commercial operation. Jera...

Peru LNG terminal sent four cargoes in August

According to the shipment data by state-owned Perupetro, during August the 4.4 mtpa LNG plant sent two shipments to...

Indonesia’s Pertamina says Jawa-1 LNG-to-power project ready to launch full ops

Indonesia’s Pertamina says that the Jawa-1 LNG-to-power project, which includes the 170,000-cbm Jawa Satu FSRU and a 1.76 GW...