Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on innovative solutions for the energy industry. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, you will discover 5 promising liquified natural gas solutions.
Heat Map: 5 Top Liquified Natural Gas Solutions
Using our StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally, we looked at innovation in the field of oil and gas (O&G). For this research, we identified 288 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & scaleups developing liquified natural gas solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 288 companies we analyzed for this specific topic.
Sevan SSP – Floating Production Storage & Offloading (FPSO)
The offshore oil and gas industry extensively uses FPSO, a floating vessel, as one of the primary methods of natural gas processing and storage. FPSOs take the form of a supertanker, the vessel’s deck stores the processing equipment, while the hydrocarbon storage facilities are typically in place below the hull. FPSOs enable companies to produce oil & gas and explore increasingly remote areas at lower costs in comparison to traditional offshore gas production and storage methods.
Sevan SSP is a Norwegian startup that specializes in marine engineering and design. The startup’s Sevan FPSO platform ensures the safety and the integrity of the position of the vessel during sail away preparations and tows to inshore waters. This results in high operability of the processing plant, serving as an alternative to traditional ship-shaped, turret moored designs. Besides, the startup offers floating LNG (FLNG) and offshore drilling design solutions that help customers reduce capital and operational expenses.
Elevate Midstream – Condensate Stabilization
The condensate stabilization process reduces the vapor pressure of liquid hydrocarbon condensate. Thus, it ensures safety during transportation and storage, and separates lighter hydrocarbons from heavier ends. Condensate stabilization produces suitable products for transport and blending, and aids in increasing natural gas liquid sales, while minimizing the waste stream.
Elevate Midstream is a US-based startup that offers midstream services that are responsive, scalable, and value-enhancing to the exploration & production (E&P) industry. The startup offers in-field natural gas gathering and separation, wastewater treatment, and disposal services. Additionally, the startup provides centralized crude oil and condensate facilities like Reid vapor pressure (RVP) stabilization.
Eco ice – LNG Regasification
Regasification is the process of converting LNG gas from a liquid state to a gaseous state using heat exchangers after removing it from the tanks. In an industrial setup, vaporizers convert the pressurized LNG, at around 80 times the atmospheric pressure, into a gaseous state. Seawater also helps the regasification process, along with high-pressure pumps, for transferring LNG. Other significant and emerging LNG regasification solutions include submerged combustion and closed hot water loops.
Eco ice is a German scaleup working on regasification solutions for liquified natural gas. The scaleup develops a patented regasification system. It makes use of a cooling technology that uses the cold source that accumulates in a double-walled, vacuum-insulated storage facility. The cold source powers other areas like shock freezers and freezing rooms. The technology provides significant economic and environmental benefits as it makes use of freely available and eco-friendly sources.
ConnectLNG – JettyLess LNG
One of the key challenges for O&G startups working in metocean conditions is the limited availability of space at ports. This drives emerging startups to develop substantial marine scoping solutions, including breakwater structures and jetties. At the same time, a jettyless design concept, consisting of a novel single-point mooring system, combines LNG with a subsea cryogenic pipeline. Such jettyless solutions ensure high operability in challenging metocean conditions and also positively impact the local environment. Moreover, the jettyless solutions enable faster loading and unloading of LNG into barges and help lower the costs to consumers.
ConnectLNG is a Norwegian scaleup that offers jettyless transfer of liquified natural gas. The scaleup’s floating offshore transfer solution, Jettyless, includes a universal transfer system (UTS). This reduces capex, time, and inflexibility of LNG import and export, unlike conventional fixed-jetty infrastructures. As a result of the simplified project, ConnectLNG enables its clients to be compliant with increasingly strict global environmental regulations.
Corban Energy Group – LNG Transportation & Storage
LNG is usually transported in double-hulled tankers that are specially designed and insulated to prevent accidents like leakage or ruptures. LNG is stored at atmospheric pressure in specially engineered and constructed storage tanks mainly to accommodate the cold utilization systems for LNG. To ensure safety in transportation, sophisticated systems monitor and provide continuous surveillance for any internal leaks.
Corban Energy Group is a US-based scaleup that provides liquefied gas storage and transportation tank manufacturing solutions. The scaleup’s solutions include onsite storage terminal constructions, ISO containers, and transport trailers. Corban also supplies vaporizers and other equipment for terminals, plants, and bunkering systems. The scaleup also provides customizable options for its LNG equipment and systems to meet each customer’s unique operational needs.
What About The Other 283 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence and enable you to achieve your goals faster. The 5 liquified natural gas solutions showcased above are promising examples out of the 288 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.