VANCOUVER, BC, June 24,
2024 /CNW/ -- Steelhead LNG, a Vancouver-based developer in the liquefied
natural gas (LNG) industry, proudly announces the recent award of
patents in the United States and
South Korea in relation to its
proprietary near-shore floating LNG production facility system.
These patents, granted based on Steelhead LNG's years of
proprietary advancements, are in addition to the patents already
issued to Steelhead LNG in Canada,
Australia and Mexico.
The newly awarded patents underscore Steelhead LNG's commitment
to technological innovation and environmental sustainability within
the global energy sector. They cover pivotal aspects of Steelhead
LNG's unique solution; a leading edge, cost-effective way of
liquefying natural gas for export to demand markets. Through
incorporation of electric drive compressors, air cooling modules
and integrated storage, among other innovative features,
Steelhead's LNG's patented solution can achieve virtually
unparalleled carbon emission reductions and avoids harmful
environmental impacts associated with cooling water systems in such
facilities.
In a highly competitive global LNG marketplace with customers
continually searching for cost-effective ways to decarbonise their
energy needs, LNG produced using Steelhead LNG's solution will
uniquely position project developers to meet these goals while
still reducing the overall cost of production versus a land-based
facility.
"We are delighted to receive these patents in the USA and South
Korea," said Victor Ojeda,
President at Steelhead LNG. "This recognition validates our
decade-long efforts to pioneer sustainable LNG solutions that meet
the evolving needs of the industry and society."
In parallel to these achievements, Steelhead LNG is currently
engaged in patent infringement litigation with Cedar LNG Partners
and Pembina Pipeline Corporation in respect of the Cedar LNG
project in Western Canada.
Steelhead LNG is alleging that the Cedar LNG project infringes its
Canadian patent and seeking injunctive relief preventing the use of
Steelhead LNG's patented solution, as well as significant damages.
"We strongly prefer open dialogue and constructive collaboration,"
added Ojeda, "but there must be respect for Steelhead LNG's
intellectual property portfolio."
Steelhead LNG has also advanced a series of claims against
Rockies LNG, including alleging that Steelhead LNG's proprietary
facility design information was improperly used to initiate the Ksi
Lisims LNG project on the West Coast of Canada. Steelhead LNG has also sought
injunctive relief and significant damages against Rockies LNG and
its partners in that case.
The company remains committed to protecting its intellectual
property rights and proprietary information while continuing to
focus on advancing LNG technology solutions and delivering value to
its stakeholders. Both the United
States and South Korea are
key strategic jurisdictions for the LNG industry; the United States has become the world leading
supplier of LNG, and South Korea
one of the leading locations for construction of floating LNG
facilities. These patents further solidify Steelhead LNG's
leadership in the LNG sector and its role in shaping the future of
energy globally.
For more information about Steelhead LNG and its patented LNG
facility solution, please visit www.steelheadlng.com
About Steelhead LNG: Steelhead LNG is a leading LNG
development company dedicated to advancing sustainable energy
solutions through innovative technology and strategic partnerships.
The company focuses on driving efficiency and environmental
stewardship across the LNG value chain.
For media inquiries, please contact: Yael Velvel, yael@elevatepublicaffairs.com,
703.504.8219.
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SOURCE Steelhead LNG Corp.