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Shanghai Bluesoul enters the business of LNG gas supply and LNG Tankby acquiring Norwegian Torgy Limited

  Time: 2019-07-20      浏览量:161

    Recently, the Development and Reform Commission and the Ministry of Commerce officially   approved the overseas ODI application of Shanghai Bluesoul to merge Norway Torgy Limited. On July 18, the two sides formally signed the agreement in the new headquarter building of Shanghai Bluesoul, indicating Bluesoul's formal entry into LNG Tank and gas supply system business. The LNG Research and Development Center of Bluesoul Greater China was also established on the same day. Through this acquisition, Bluesoul has obtained all Torgy's assets, patents, personnel, customers and handheld orders. Torgy will be integrated into Bluesoul's business as a whole. After the merger, LNG-related businesses will continue to operate independently under the Torgy, and have branches in Norway, China, Latvia and India to manage customers on all continents. Torgy CEO Alexander Aguilera will continue to lead the LNG business.

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    Founded in 1954, Torgy enjoys a long-standing reputation in the oil and gas industry and a prominent market position. Torgy has long-term cooperation with many large EPC and energy giants in the world, holds global patents for many core technologies of IMO A Tank, and has also cooperated with DNV-GL Classification Society for a number of long-term research and development. As an EPC company, Torgy provides proprietary IMO A tank system and gas supply system for LNG applications in ship reparing and building industry. In the market of LNG liquid tank, besides large membrane LNG liquid tank, IMO also defines three basic types of LNG liquid tanks. IMO A and B tanks are  liquid tanks under constant pressure. Prism design and full secondary barrier are used in  A tank, while spherical design and partial secondary barrier are used in B tank. Robust and efficient sloshing reduction is considered in A Tank design, which makes it have excellent anti-sloshing characteristics. Compared with the same volume IMO C pressure tanks commonly used for small ships,  A tank s can increase the capacity by 30-40%.


Dr. Yao Hao, Chairman of Shanghai Bluesoul, said: Torgy has a series of high-end technology and mature design patents in LNG field. Its leading market position and customer influence will help Bluesoul complete rapid innovation and technology upgrading under the background that China has become the world's largest LNG consumer country this year, and establish the company's advantages in the field of marine LNG. While continuing to strengthen and expand Bluesoul's leading position in the marine  scrubber market, it will also provide mature alternative LNG dual fuel solutions for existing and potential customers, and provide one-stop service, which will be the main market strategy of Shanghai Bluesoul at this stage. In the next stage, through LNG Research and Development Center in Greater China, LNG equipment industry will continue to be integrated. Shanghai Bluesoul will also carry out itself LNG operation business, including, but not limited to, the construction, operation and leasing of small and medium-sized transport fleets and bunders, which will contribute to the ecological construction of LNG for ships and further fulfill the mission of protecting the marine environment under the guidanceand the emission requirements of the International Maritime Organization.