Le Lézard
Classified in: Oil industry, Transportation, Business
Subject: CXP

Cryopeak LNG Solutions Corporation Announces First Ever Super-B Train Trailer Availability For LNG Transportation


RICHMOND, British Columbia, Jan. 20, 2020 /PRNewswire/ -- Cryopeak LNG Solutions Corporation, based in Richmond BC, said today it has developed the first-ever "Super B-train" liquefied natural gas (LNG) hauling trailer to optimize small-scale LNG transportation in Canada. The trailer is designed to be interoperable across Canada and is in full compliance with Transport Canada rules and regulations for the transportation of liquefied natural gas.

Cryopeak's new 20,700-gallon B-train LNG hauling unit entering service in Canada.

Development of the trailer is in line with Cryopeak's business objective of providing natural gas solutions to companies and municipalities which are seeking to transition to an environmentally sustainable and competitive fuel source.

The new Super B-train trailer is a break though technology designed to have 70 percent greater capacity than standard trailers operating in Canada today.

"Our customers are seeking lower costs associated with the transportation of LNG in Canada and we are pleased to have four new Super B-train trailers entering service in the Cryopeak fleet at the beginning of 2020. This new transportation solution will improve the competitiveness of LNG as transportation costs represent often the largest cost of LNG supplied to our customers," said Calum McClure, CEO of Cryopeak.

About Cryopeak LNG Solutions: Cryopeak is the leading distributor of LNG in Canada and currently has a fleet of 16 tankers operating in Canada, as well as equipment and technologies for storage, regassification and fuel dispensing. Cryopeak is ISO 9001 certified and has emergency response plans approved by Transport Canada. Cryopeak was founded in 2012 and is a portfolio company of BP Energy Partners, LLC. More info: www.cryopeak.com

About BP Energy Partners: BP Energy Partners, LLC is a private equity firm focused primarily on middle-market control investments within the Natural Gas Value Chain. In addition to capital, BPEP is dedicated to bringing relationships, management expertise, and operating experience to partner with entrepreneurs, family run businesses and management teams with the goal of growing investments that advance cost effective and solutions-oriented energy and environmental initiatives. BPEP was founded in 2013 and currently manages over $500 million in committed capital. More info: www.bpenergypartners.com 

Cryopeak LNG Solutions Logo

SOURCE Cryopeak LNG Solutions Corporation


These press releases may also interest you

at 08:15
Maverix Medical, a dedicated lung cancer platform established by Ajax Health, KKR, and Hologic, Inc., today announced the acquisition of Cirrus Bio for an undisclosed amount....

at 08:03
The American Red Cross celebrates The Church of Jesus Christ of Latter-day Saints, headquartered in Salt Lake City, for its substantial donation of $7.35 million. The gift will help purchase blood equipment and biomedical emergency vehicles and will...

at 08:00
Bidpath Inc., a leading provider of global online auction software, proudly announces the launch of AuctionPay, a cutting-edge payments platform designed to revolutionize auction payments. With a focus on efficiency, security, and user-centric...

at 08:00
SC Ventures, Standard Chartered's innovation, fintech investment and ventures arm, is leading a ?12 million (USD $13 million) Series A round for distributed cloud provider Hive, to increase access to sustainable, high-powered computing resources for...

at 08:00
Callon Petroleum Company ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any...

at 08:00
The parties in Severa, et al. v. Solvay Specialty Polymers USA, LLC, et al., announce that Judge Noel Hillman of the United States District Court for the District of New Jersey has preliminarily approved a class action settlement. The hearing on...



News published on and distributed by: