#Taiwan #LNG Terminal #Kaohsiung #CTCI

CTCI Clinches Major LNG Terminal Contract

CTCI, a prominent player in the engineering and construction sector of Taiwan, has once again proven its mettle by securing a significant contract to construct a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal. This facility will play a crucial role in processing liquefied natural gas (LNG) into natural gas, poised to meet the growing energy demands of the nation as it transitions toward a sustainable energy future.

Earlier this year, CTCI was awarded a contract related to LNG storage tanks for the same terminal, marking another important milestone in the company's ongoing projects that emphasize energy security and sustainability. The latest contract holds a value of NT$29.6 billion, with a completion goal set for 2030. Once operational, the facility is expected to convert LNG from four cryogenic tanks, each holding 180,000 kiloliters, into gaseous state natural gas at a remarkable output rate of 1,600 tons per hour.

Michael Yang, Chairman of CTCI Corporation, noted: "We are honored that CPC Corporation has chosen CTCI once again for this crucial project at the Kaohsiung Intercontinental LNG Receiving Terminal. Our team is currently working rigorously on the construction of the LNG storage tanks, and we plan to integrate green and smart technologies in the development of the regasification facility. Our goal is to enhance energy efficiency while minimizing carbon emissions during the construction phase."

The innovative design of the regasification facility incorporates several sustainable features. It employs seawater to warm the cryogenic LNG, which has a temperature of approximately -162°C, converting it into a gaseous state. Notably, the cold energy released during this regasification process will be captured and reused for air conditioning within the facility, significantly boosting overall energy efficiency.

Furthermore, CTCI's cutting-edge technologies, such as its proprietary pipeline cleaning robot and a bolting module system, aim to mitigate the risks associated with pipeline construction, enhancing both safety and construction quality. This level of technological sophistication positions CTCI as a leader in the field, enabling the company to tackle complex engineering challenges effectively.

Globally, the demand for LNG is expected to surge by 60% by 2040. In Taiwan, the reliance on natural gas as a primary power source is anticipated to grow significantly, especially as the nation strives to reduce carbon emissions from electricity generation. To address this impending energy shift, CTCI's commitment to establishing new LNG terminals becomes increasingly vital.

CTCI takes pride in its involvement in the development of all operational LNG receiving terminals across Taiwan, standing out as the only domestic EPC provider with a comprehensive track record covering the entire spectrum of LNG terminal engineering and construction. With participation in eleven LNG terminal projects worldwide—spanning countries such as China, India, Taiwan, and Thailand—CTCI asserts a capacity of 40 million tons of LNG supply annually.

In addition to its endeavors in LNG terminals, CTCI is dedicated to promoting a net zero future through extensive investments in renewable energy projects, such as solar, wind, and biomass facilities. The company is actively exploring emerging energy markets, including energy storage and hydrogen energy, reinforcing its position as a trusted partner for nations and enterprises seeking stable and sustainable energy solutions.

About CTCI: Founded in 1979, CTCI is a recognized global engineering services provider. With headquarters in Taipei and operations across more than ten countries, CTCI aims to be a forerunner in delivering reliable engineering, procurement, construction, commissioning, operation, maintenance, and project management services. The company is committed to green engineering and sustainable development.

For further information, visit CTCI Official Website.