20+ Years of LNG Experience
88K has a patented technology that allows the storage and transportation of small- to medium-scale LNG, thereby accessing markets efficiently that were not deemed possible prior to this technology. 88K is THE partner along the entire LNG downstream solution, known for their innovative, flexible, and scalable solutions with a unique LNG Virtual Pipeline Solution as a central element. Through proven, reliable and widely used technology as well as an agile and lean structure, 88K executes the projects according to the clients’ requirements. 88K has re-engineered and re-designed numerous aspects of LNG downstream applications and solutions to optimize the overall efficiency of the system.
What is LNG?
Liquefied Natural Gas
Liquefied Natural Gas is natural gas that has been cooled down to liquid form at approximately -163°C for ease and safety of non-pressurized storage or transport. It is roughly 1/600th the volume of natural gas and it is odorless, non-toxic and non-corrosive. LNG is an excellent alternative to liquid fuel oil (i.e. diesel, HFO) providing both cost and emissions savings. The primary applications for LNG is for power plants, industrial applications, mining and fuel stations etc. The below chart shows the average savings of LNG compared to Diesel:
Responsible for tailor made solutions along the entire LNG downstream value chain
88K as your technical LNG / LPG partner to implement the full turnkey solution for small to medium LNG / LPG applications, including the choice of equipment as well as the production and manufacturing of certain components.
A crucial element to ensure the success and feasibility of small scale LNG / LPG projects is to correctly implement the relevant engineering and planning works. 88K has a dedicated engineering team specifically for small to medium scale LNG projects.
Through 88K’s vast network and accessibility to LNG terminals, 88K can assist and arrange the LNG supply for projects ensuring the client receives the best possible structure and pricing.
Provide consultancy and advisory services based on our in depth market knowledge and extensive experience within the LNG / LPG industry.
As market leaders in the entire LNG downstream value chain, 88K utilizes knowledge and data to tailor studies to the reality of LNG solution implementation; adopting a more practical approach as opposed to an academic. The studies can include detailed Feasibility Studies, FEED or country studies.
Through 88K’s capital raising partners, project financing can be arranged if solid payment guarantees are in place from the client.
Project structuring is vital to ensure the smooth operation of all projects. 88K can advise and arrange the structure for the project, to increase the in-country value and transfer the technical knowledge and safety operations to the local people.
Current LNG tank design involves a double walled stainless steel frame with a vulnerable vacuum insulation between the 2 shells, which results in a longer, more complex and cost intensive production process.
88K’s cryogenic tanks involve a single walled stainless steel sheet, surrounded by multiple layers of special vacuum panels for the insulation. On average, this results in 40% less production time and 30% reduction in cost.
88K’s produces the tanks in Germany, however, due to 88K’s unique design and manufacturing process, 88K is also able to build the tanks at the end users site adding significant in-country value to a project.
88K manufactures the LNG cryogenic tanks in various sizes from 40ft. LNG containers to bullet tanks between 250m3-5,500m3.
References of 88K Team & Partners
Extensive LNG Experience