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LX Worldwide has entered the LNG terminal enterprise. The corporate is predicted to speed up the eco-friendly transformation of its enterprise portfolio.
On 31 Might 2023, LX Worldwide introduced that it’s going to companion with POSCO INTERNATIONAL to construct LNG storage tanks and services in Dangjin, Chungcheongnam-do, and enter the LNG terminal enterprise to lease and function the services.
To this finish, LX Worldwide’s CEO, Yoon Chun Sung, POSCO INTERNATIONAL’s CEO, Jeong Tak, Dangjin Tank Terminal’s CEO, Kim Jun Hyoung, Chungcheongnam-do Governor, Kim Tae Heum, and Dangjin Mayor, Oh Seong Hwan, gathered on the Chungcheongnam-do Provincial Workplace and signed the memorandum of understanding (MoU) for the development of the Dangjin LNG terminal.
LX Worldwide and POSCO INTERNATIONAL will promote the development and operation of LNG tank terminals at Godae Pier, owned by LX Worldwide’s subsidiary Dangjin Tank Terminal, positioned within the Asan Nationwide Industrial Advanced in Dangjin, Chungcheongnam-do. As well as, Chungcheongnam-do and Dangjin Metropolis will present administrative help reminiscent of licensing for the success of the undertaking.
The LNG terminal, which will probably be constructed on an space of roughly 193 000 m3, will accommodate two storage tanks, LNG ship docks, and extra services, and is scheduled to start business operations in 2027.
LX Worldwide mentioned: “LX Worldwide boasts infrastructure enterprise capabilities by means of non-public energy technology initiatives in Indonesia, China, and the Center East, whereas POSCO INTERNATIONAL has LNG terminal working capabilities. We anticipate that our partnership within the Dangjin LNG Terminal undertaking will end in nice synergy.”
“Because the world is striving for extra eco-friendly vitality insurance policies and ESG administration , the demand for LNG is predicted to extend , resulting in extra alternatives for personal LNG terminal companies. We’re in search of to develop into areas associated to LNG terminal s reminiscent of LNG chilly vitality, ammonia, and hydrogen.”
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/09062023/lx-international-enters-lng-terminal-business/
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