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Revealed by Jessica Casey,
Editor
LNG Business,
Cryopeak LNG Options Corp. and Ferus Pure Fuel Fuels Inc. have merged, forming a brand new LNG manufacturing and distribution technology-focused entity which is now named Cryopeak Power Options Corp.
Cryopeak can also be happy to announce the acquisition of all LNG property from Campus Power Companions Infrastructure LP, together with the regional LNG manufacturing facility positioned in Dawson Creek, British Columbia.
Cryopeak will handle three LNG manufacturing amenities in Western Canada and function the biggest fleet of LNG transportation, cell storage, and regasification gear. This can serve to help the rising market demand for LNG as a lower-carbon gasoline. Cryopeak will considerably enhance its market presence throughout Canada to help the adoption of LNG for off-grid industries and distant communities.
“We’re very excited with the merger and acquisition which helps Cryopeak in its aim of being a pacesetter within the rising LNG market. With elevated manufacturing capability and numerous gear portfolio, Cryopeak is uniquely positioned to help our prospects to combine LNG safely and effectively into their operations,” acknowledged Calum McClure, CEO of Cryopeak Power Options.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/06022024/cryopeak-lng-solutions-corp-and-ferus-natural-gas-fuels-announce-strategic-merger/
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