Drawn together by the desire to transition away from crude oil-derived fuels to a locally produced, greener and more cost effective alternative…
The history of PolaireTech
Gasconsult Limited in the United Kingdom is a liquefied natural gas technology and project development company. Gasconsult developed the Zero Refrigeration based LNG technology (ZR-LNG).
This innovative, patented breakthrough has received a number of awards.
OTC and the Botswana feasibility study
OTC and Gasconsult partnered in 2016. Together the team won a competition run by InnovateUK to complete pre-feasibility studies for a 60 ktpa Coal Bed Methane based LNG plant in Botswana (Gasconsult and OTC) and a floating LNG study (Gasconsult and CBI). These plants were based on the ZR-LNG technology.
60ktpa plant proved feasible
The pre-feasibility study for the 60 ktpa Botswana CBM field development and LNG plant yielded a positive result – the concept was shown to be feasible.
OTC and SAIYL Joint Venture
2019 OTC and SAIYL entered into discussions to jointly develop modular LNG plant offerings. The partners signed a MOU early 2020 and decided to develop 5 ktpa and 60 ktpa options. The joint venture was named “PolaireTech”.
In March PolaireTech commenced with the detailed development of the two modular options:
- Licensing agreement with Gasconsult; Technical development (PFD’s, P&ID’s, Datasheets, plant layouts, Capex, Opex)
- Engagements with OEM’s and subject matter experts
- Economic evaluations; Identification of gas sources and LNG off-takers and development funders.
“LNG can be delivered to niche markets, replacing diesel and LPG in power generation and vehicle applications at a lower cost.”
SumishIN NAIDOO, MANAGING Director, SAIYL