ezNG, a Texas-based provider of tank technology for liquefied LNG and CO2, is meeting with potential partners as it pursues a licensing strategy, founder and CEO Nick White told ReSource.
The company’s tanks were originally meant for onshore storage, but greater incentives in maritime shipping of LNG present an opportunity to service shipbuilders, he said. The containment system provides more efficient storage for cold, lightly pressurized fluids, bringing down the cost of projects where they are incorporated.
“It can greatly reduce the size and cost of the ships required for moving a given volume of liquefied CO2,” he said. “If you liquefy natural gas under modest pressure, you can reduce the amount of energy required by 50 percent and simplify the liquefaction process dramatically.”
The model the company is pursuing is that of France’s GTT, White said; ezNG is looking to raise some $2m now for marketing and a test program.
The company has internally proposed a $5m raise to participate in projects, White said, referencing announcements from the likes of Chevron and its Gorgon LNG project in Australia.
