Seafarer Energy develops mini-LNG liquefaction facilities to provide cost-efficient and sustainable fueling services for the shipping industry. These facilities aim to supply LNG fuel to vessels in Atlantic and Gulf locations.
Funding
Funding not disclosed
Founders
Product
Problem
The shipping industry relies heavily on heavy fuel oil (HFO), which contributes significantly to air pollution through emissions of sulfur oxides, nitrogen oxides, particulate matter, and carbon dioxide. Current LNG bunkering methods involve transshipment, leading to evaporation loss and increased carbon emissions, undermining the environmental benefits of switching to LNG.
Solution
Seafarer Energy is developing small-scale LNG liquefaction facilities to provide a local fuel bunkering network for the shipping industry. These facilities liquefy natural gas for direct transfer to bunkering vessels, offering a cleaner and more efficient alternative to HFO. By sourcing natural gas from key basins like Marcellus, Permian, and Eagle Ford, including utilizing flared gas, Seafarer aims to provide cost-competitive LNG fuel while reducing emissions. The company's direct fueling system minimizes transshipment, evaporation loss, and associated carbon emissions, aligning with IMO requirements for reduced sulfur oxide, nitrogen oxide, and particulate matter emissions. Seafarer is also exploring the incorporation of Renewable Natural Gas (RNG) and biogas to further reduce the carbon footprint of its LNG fuel.
Target Audience
Seafarer Energy targets shipping companies operating in the Atlantic and Gulf regions seeking cost-efficient, low-emission fueling options to comply with environmental regulations and reduce their carbon footprint.
Features
- Small-scale LNG liquefaction facilities designed for direct transfer to bunkering vessels.
- Distributed fueling network providing fast access to LNG for shipping companies.
- Sourcing of natural gas from key basins, including Marcellus, Permian, and Eagle Ford.
- Utilization of flared gas from the Permian Basin to produce clean fuel.
- Reduction of sulfur oxide emissions by over 99%, nitrogen oxide emissions by over 90%, carbon emissions by over 20%, and particulate matter by over 99% compared to HFO.
- Potential to incorporate Renewable Natural Gas (RNG) and biogas feedstock for further carbon reduction.