Liquefied Natural Gas Limited (ASX:LNG, OTC ADR:LNGLY) is close to securing protection for its core OSMR® LNG processing design with the United States Patent and Trademark Office allowing the patent application.
The patent is expected to be issued in several weeks to protect the “Method and System for Production of Liquid Natural Gas”.
LNG Ltd now has patent protection in all three key markets within which it is currently planning to build, own and operate LNG projects, namely:
- Magnolia LNG Project in Lake Charles, Louisiana, U.S. (export of 8 million tonnes per annum);
- Bear Head LNG Project in Richmond County, Nova Scotia, Canada (export of 8Mtpa with potential for future expansion); and
- Australia (Gladstone Fisherman’s Landing LNG Project in Queensland, Australia export of 3Mtpa with potential for future expansion).
“We are very pleased that the company’s primary invention will be shortly further protected in the United States to support the Company’s Magnolia LNG Project in Lake Charles, Louisiana, USA and other potential opportunities that have been identified in the USA,” managing director Maurice Brand said.
OSMR® Technology
OSMR® technology is based on a proven simple single mixed refrigerant system, with the addition of conventional combined heat and power recovery, coupled with ammonia refrigeration technology to significantly enhance the plant performance in terms of LNG output and overall plant efficiency.
This combine with the company’s development and modular construction philosophy results in an LNG plant cost lower than that of competing technologies on the basis of capital cost per tonne per annum of capacity.
“In addition, based on an overall plant energy use efficiency, OSMR® can be up to 30% better than other technologies (i.e. 30% less carbon emissions) resulting in a material cost advantage,” Brand added.
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