Cryopeak, Sumitomo sign LNG bunkering MoU

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By Adnan Bajic Cryopeak and Sumitomo Corporation have joined forces to develop a liquefied natural gas (LNG) bunker-fuels supply chain in North America.

Illustration only (Courtesy of Port of Vancouver)

More specifically, Cryopeak LNG Solutions Corporation, a Richmond BC based portfolio company of BP Energy Partners, and Sumitomo aim to develop the supply chain in North America’s Pacific Northwest ports. These include the port of Vancouver, Fraser River Port, Roberts Bank, and Prince Rupert, Canada.

The MoU aligns with the pair’s initiative to build a platform for the supply of LNG as a marine fuel.

Cryopeak is developing a proprietary design for a 4,000-cbm LNG

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