Concept presentation Concept presentation London, 6th and 7th of - - PowerPoint PPT Presentation

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Concept presentation Concept presentation London, 6th and 7th of - - PowerPoint PPT Presentation

Mar 02, 2023 276 likes •1k views

Concept presentation Concept presentation London, 6th and 7th of May 2010 MISSION: MISSION: Cost efficient solutions for environmentally friendly CO 2 transport Company History and Milestones: 2002 Early stages of idea- and concept

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Concept presentation Concept presentation

London, 6th and 7th of May 2010

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MISSION: MISSION:

Cost efficient solutions for environmentally friendly CO2 transport

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Company History and Milestones:

2002 Early stages of idea- and concept development 2004 First patent application 2006 First patent granted (N) Forwarded internationally 2008 Company established by the entrepreneur together with Ipark AS 2008 Locations in the science park of University of Stavanger (Ipark AS) 2008-09 Verification project, financed by Innovation Norway (budget 0,8 MNOK) 2010 European Patent approval continuation in Individual EU countries 2010-12 EU REA FP7 Programme (Budget 1,4 MEUR) – In progress g ( g , ) p g 2010-12 JIP project, financed by the industry together with the Norwegian Research Council (budget 13 MNOK)

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Competence:

Ola Ravndal (BEng) Ola Ravndal (BEng) General Manager Holds a degree in Mechanical Engineering from Newcastle University. He has extensive experience from the Shipping and Marine industry specialising in odd tonnage for Chemical and hydrocarbon transport, including the now established shuttle tanking business. Mr. Ravndal is the inventor of the Technology and founder of the Company the Company. Ole Jørgen Engelsvoll (MSc) Chairman of the board M.Sc Econ. with special competence in international marketing. Currently working as CEO in Typhonix AS and in Rogaland KunnskapsInvest AS. He has over 10 years of experience from leadership in 30 start up Egil Sæl (PhD) Board member and project leader PhD in engineering from the Norwegian University of Science and Technology (NTNU) in Trondheim. He has in Rogaland KunnskapsInvest AS. He has over 10 years of experience from leadership in 30 start up companies from the incubator at the University of Stavanger campus. e g ee g

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e s ty o Sc e ce a d ec

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e as a broad and extensive experience from both conventional- and oil industries. Over the years he has been involved in strategic work as vice president within areas such as production, refinery and gas transport. In addition to the above, Mr. Sæl has held external seats such as Head of The Norwegian Oil Industry Association, (OLF) and board member of the Confederation of Norwegian Enterprise (NHO) Martin Sigmundstad (Msc) Advisor Director for business development in Ipark. Mr. Sigmundstad has extensive industrial experience within product development and commercialisation of spinn-off companies. In addtion, Mr. Sigmundstad has 17 years experience as manager of the technology licence department within StatoilHydro and as manager of the department for industrialisation and commercialisation.

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Partners:

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Technology

Th i t hi t h l i

Technology

The proprietary gas ship technology gives:

O ti i d l tili ti – Optimized vessel utilisation – No emissions from cargo vapours – No loss of valuable cargo – No loss of valuable cargo – Minimized risk from market exposure

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HOW?

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HOW?

Economies of scale on any volume

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CHALLENGE

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The challenge: Today’s purging procedures

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SOLUTION

Environgas ’ Rapid purge technology

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ENVIRONMENTAL FOOTPRINT

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SOLUTION

E i ’ R id t h l Environgas ’ Rapid purge technology

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Technical presentation

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THE CHALLENGE

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The showstoppers The showstoppers

Time consuming Expensive P ll ti Polluting

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EXISTING PROCEDURE

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Ship arrives with CO2 Ship arrives with CO2

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Discharge of CO2 Discharge of CO2

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Gas phase discharge Gas phase discharge

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Leaving harbour Leaving harbour

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Purging with LPG vapour Purging with LPG vapour

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Returning to harbour Returning to harbour

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Ready for LPG Ready for LPG

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SOLUTION

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Rapid Purge Technology

Bellow inflates Tank filled with gas No gas phase t id b ll g

  • utside bellow
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Ship arrives with CO2 Ship arrives with CO2

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Discharge of CO2 Discharge of CO2

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Discharge of CO2 to bellow Discharge of CO2 to bellow

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Bellow inflated Bellow inflated

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Gassing with LPG Gassing with LPG

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Ready for next cargo Ready for next cargo

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Rapid Purge Technology

  • Enables liquefied gas carriers to to be ready

f diff t i h h t ti for a new, different cargo in much shorter time than existing procedures, without emissions

  • Reduces time and costs in addition to
  • eliminating emissions
  • eliminating emissions
  • from gas carriers upon cargo change
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BUSINESS CASE

Dualtrade CO2 / LPG

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Economy

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Economy

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Economy

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Economy

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Economy

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Economy

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Th h The showstoppers

Time consuming Expensive P ll ti Polluting

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Rapid Purge Technology Rapid Purge Technology

Rapid turnaround p Inexpensive Cl Clean

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Forthcoming verification project

  • Final negotionations with EU FP7 for a project for

Petrochemical gas carriers (Budget 1 4 Meur) Petrochemical gas carriers (Budget 1,4 Meur)

  • Dialog with Norwegian Research Council for CO2

transportation development (Budget 13 MNOK) p p ( g ) L ki f I d i l f CO2 j

  • Looking for Industrial partners for CO2 project