OIL & GAS

Inoxcva ties up with Japan’s Mitsui to expand LNG distribution business

Inoxcva, which had last month launched the first indigenously developed LNG dispensers, has entered into a tie-up with the Japanese conglomerate Mitsui & Co to expand its LNG distribution business through tankers.

The Vadodara-based firm expects to meet the growing demand of the green fuel with this tie-up under which it seeks to collaborate technologically and commercially to establish a virtual pipeline for LNG distribution.

The agreement also entails deploying small-scale LNG infrastructure, including supply logistics and receiving facilities at customer-ends who are not connected to the pipelines, Inoxcva’s LNG business head Vijay Kalaria told on Tuesday.

This will help in increasing the penetration and consumption of LNG that is cleaner, more reliable and more cost-efficient, to various users in the automotive, mining, shipping and railways, he said.

It can be noted that Inoxcva last month developed the country’s first LNG dispenser which is priced around USD 60,000 a unit.

When asked about this, Kalaria said they have already sold 10 units to a private sector LNG distributor and have orders for 25 more units.

Source
ET Energy World
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