HONG KONG – 24 JUL 2019 – FOR IMMEDIATE RELEASE
Cryogen Energy Group Ltd is pleased to announce that it has reached an agreement with Smart Bird International Ltd of Hong Kong and the inventor to acquire the technology rights to LNG Waste Cold Energy Recycling Technology and Associated Gas Liquefaction Technology.
The acquired IP will be registered as Cryogen Energy Recycling Technology and Cryogen Energy Storage Technology.
Cryogen Energy Recycling Technology (CERT) and Cryogen Energy Storage Technology (CEST) utilise LNG waste cold in the production of cryogenic fuels and the capture and recycling of Oilfield Associated Gas, Shale Gas and Biogas.
The technology cycle is up to 30% more efficient in power consumption than traditional technology and virtually emission free. By deploying this technology, Cryogen will increase the LNG Cryogenic Energy Cycle efficiency by up to 60%.