Bureau Veritas, a world leader in laboratory testing, inspection, and certification services, has formally issued GTT with an approval in principle (AiP) for the development of a new CCS evolution of the NO96 range. This CCS, named NO96 Flex, benefits from the NO96 proven technology as well as the use of an efficient foam panel insulation.
The NO96 Flex CCS maintains the main elements of the NO96 technology which have become key factors in its success. The insulating panels are mechanically anchored to the inner hull. The double metallic barrier concept remains with an unchanged secondary Invar® membrane but with an evolution of the primary membrane this is changed from Invar to corrugated stainless steel.
Initiated with NO96 L-03 technology, the integration of insulating foam panels within the NO96 system is now enhanced to take advantage of the continuous improvement in thermal performance of Polyurethane foam material.
The use of PU Foam at primary and secondary levels will allow an LNG boil-off rate reduction down to 0.07%V* per day. Since the beginning of this development in 2017, GTT has been in constant exchange with the major yards constructing NO96. A mock-up phase is expected to begin in the first quarter of 2020.
About GTT
GTT (Gaztransport & Technigaz) is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas). For over 50 years, GTT has been maintaining reliable relationships with all stakeholders of the gas industry (shipyards, shipowners, gas companies, terminal operators, classification societies). The company designs and provides technologies which combine operational efficiency and safety, to equip LNG carriers, floating terminals, and multi-gas carriers. GTT also develops solutions dedicated to land storage and to the use of LNG as fuel for the vessel propulsion, as well as a full range of services.
GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120 and MSCI Small Cap indices.
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has around 74,000 employees in more than 1,400 offices and laboratories located all across the globe. Bureau Veritas helps its clients to improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility. Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.