02APR2019 - NEWS - Mitsui O.S.K. Lines of Japan and Karpower International B.V. of Turkey agrees to collaborate in the LNG-to-Powership business

Japanese shipping company Mitsui O.S.K. Lines (MOL) and Turkey’s floating power plant company Karpower International B.V. (Karpowership) have recently agreed to collaborate in the LNG-to-Powership business. Under the brand name “KARMOL”, the duo aims to become an LNG-to-Powership solution provider. The parties aim to co-invest in the related assets and jointly market their solution in selected markets around the world. The business will generate power through the Powership by receiving regasified LNG through a floating LNG storage and regasification unit to provide electricity to shore grids and facilities where base load electricity and/or replacements of fuel mode are required to meet the environmental concerns.

Published by Editor - www.Livebunkers.com at 02-Apr-2019 06:50:34 [UTC] , contact editor at editor@livebunkers.com