ABB and Wison Offshore & Marine collaborate to develop standardized solutions for floating LNG facilities
ABB and Wison Offshore & Marine (WOM), a technology and solution provider focusing on clean energy, have signed a Memorandum of Understanding (MoU) to collaborate on the development and implementation of floating liquefied natural gas (FLNG) facilities worldwide.
FLNG facilities makes the production, liquefaction, and storage of natural gas possible at sea, from where it can be shipped directly to customers around the world. By optimizing and standardizing the FLNG unit design, ABB and WOM aim to significantly improve the production efficiency of LNG at sea.
WOM’s competence as a premier provider of turnkey engineering, procurement, construction, installation and commissioning (EPCIC) to the FLNG market will be coupled with ABB’s expertise in integrating electrical, control and safety systems.
Valued at over $14,187 MM in 2020, the global FLNG market is projected to reach a value of over $104,281 MM by 2031, growing at a CAGR of 20.1 percent.
The agreement will also utilize ABB’s unique project methodology, Adaptive Execution, which offers customers complete visibility of their project, from start to finish, via a single, streamlined and centralized approach.
ABB has delivered safe and reliable power and automation solutions to over 70 floating production projects around the world.
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