GE To Acquire Salof
Provides GE with manufacturing capacity for small LNG plants; supports trend toward LNG as transportation fuel
GE Oil & Gas today announced that it has agreed to acquire substantially all of the assets of Schertz, Texas, U.S.A.-based Salof Co., a designer of small-scale LNG technologies.
Salof is known for its cryogenic plant design and fabrication for small LNG and CO2 applications. GE said it has recently launched LNG solutions with a significantly smaller footprint and capacity, and Salof’s complementary offerings will add additional capabilities and manufacturing footprint while enabling Salof to draw upon GE’s breadth and global operations.
The company said the demand for small-scale LNG production is growing as vast new discoveries of natural gas are making it cost-efficient to use cleaner burning natural gas for transportation, fleet management, marine and other industrial uses. The technologies can encourage the transition of long-haul trucks and locomotives from diesel fuel to LNG, contribute to emissions reduction, capture flare gas at drilling sites and landfills, and help eliminate the need for costly pipeline infrastructure in remote areas. Additionally, small-scale LNG technology is employed to develop export terminal infrastructure for LNG.
Small LNG solutions typically offer customers a cost-effective standard or modular, plug-and-play solution. They can be located in remote areas, industrial sites or even highway fueling stations. Depending on the design, they can be moved and redeployed as needed.
The transaction is subject to customary closing conditions, including regulatory approval.