Flowserve Corporation has acquired the intellectual property and in-process R&D related to cryogenic liquefied natural gas (LNG) submerged pump technology, systems, and packaging from NexGen Cryogenic Solutions Inc., a privately held, Arizona-based company specialized in the engineering, design, and testing of LNG pumps and turbines.
NexGen Cryo’s pump and cold energy recovery turbine (CERT) technology for the liquefaction, shipping, and regasification markets will expand Flowserve’s LNG product portfolio and complement its existing pumps, valves, and mechanical seal offerings.
“LNG provides a resilient pathway to energy transition. As we continue advancing our 3D growth strategy to diversify, decarbonize, and digitize, this technology acquisition will strengthen our decarbonization offerings across the LNG value chain,” said Scott Rowe, Flowserve’s president and CEO. “We look forward to leveraging our new state-of-the-art LNG pump facility with our existing network of more than 150 quick response centers to commercialize this LNG product offering to our customers.”
Dennis Chalmers, president and CEO of NexGen Cryo, said: “With over 300 years of combined cryogenic pump team experience, we are excited in the potential for this next-generation technology to provide LNG customers across the globe improved efficiency, increased reliability, and reduced operating expenditures. I am excited for the next phase of this technology.”
