Toyo Engineering, Hitachi To Join Forces For Developing LNG Plant Business

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Toyo Engineering, Hitachi To Join Forces For Developing LNG Plant Business

Published: 08-Oct-2009

Toyo Engineering Corporation (Toyo Engineering) and Hitachi Ltd. (Hitachi) will join forces to make an entry into the global market for liquefied natural gas (LNG) plants, targeting small, undeveloped gas fields mainly in Australia and Indonesia. The two target markets hold undeveloped small and midsize gas fields that will not be profitable if large plants were built for them. Many projects cost hundreds of billions of Yen and even more than JPY1 trillion for construction.

Hitachi will provide rotating equipment and power control software while Toyo Engineering will manage projects including plant design, equipment procurement and construction. Hitachi and Toyo Engineering alliance is seeking to reduce the costs of economic-size LNG plants construction by 20%.

The alliance will market relatively small plants that can produce up to two million tons of LNG per year.

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Toyo Engineering, Hitachi To Join Forces For Developing LNG Plant Business

Published: 08-Oct-2009

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