[Borneo Bulletin, reporting by Hakim Hayat on July 11, 2017]
POLITEKNIK Brunei marked another milestone when it forged its first international partnership with Singaporean oil and gas industry training provider PetroEDGE to provide internship, career and networking opportunities for Politeknik Brunei’s students and lecturers.
The Memorandum of Understanding (MoU) was signed between Politeknik Brunei and Singapore’s Asia Edge Pte Ltd, the holding company of PetroEDGE and also NrgEdge Pte Ltd, a professional networking platform for the energy industry, at a ceremony held at Politektnik Brunei in Jalan Ong Sum Ping in the capital yesterday.
The guest of honour was Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman, the Minister of Education.
The MoU was aimed at establishing a formal collaboration and cooperation for training opportunities and access to the online platform created by Asia Edge Pte Ltd and NrgEdge Pte Ltd for the mutual benefit in training students. The collaboration hopes to provide worldwide internship opportunities for Politeknik Brunei students to apply and also to encourage career and growth opportunities outside Brunei.
This collaboration will allow Politeknik Brunei students and lecturers to network with various worldwide recognised industries in seeking jobs as well as participating in online forums and discussions, looking into digital technical learning through the company’s dedicated learning platform at www.nrgedge.net/learning.
Politeknik Brunei Director, Denis Ho Mun Tai in his speech said the realisation of the collaboration reflects their commitment towards continuously improving the relevancy and effectiveness of the teaching and learning provided to the students.
“The blended platform provided by PetroEDGE and NrgEdge blends well with the innovative teaching and learning process desired by Politeknik Brunei which is aimed at promoting the continuous use of technology in teaching and learning via eLearning and Virtual Reality platforms,” he added.
Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman, the Minister of Education (C) witnessing the signing of the MoU between Politeknik Brunei represented by its Director, Denis Ho Mun Tai and Anas Asalem, Growth and Partnership Specialist of NrgEdge Pte Ltd, Singapore. –
In further establishing this collaboration and cooperation, two students from Politeknik Brunei’s Diploma in Petroleum Engineering programme were elected as NrgEdge student ambassadors and they will act as point of contacts between students and NrgEdge.
Asia Edge Pte Ltd envisions blended learning by having both traditional and digital learning onboard and currently has about 50,000 user activity in its network, which is available on mobile applications and through its dedicated website.
NrgEdge in a press release expressed hope that with their presence in Politeknik Brunei, students can explore the energy world beyond this region as NrgEdge cares about their network, career and journey through the path of the energy industry.
NrgEdge added that the ambassador aims to encourage students to volunteer and learn networking skills while being a student. Their role will be as a campus influencer for NrgEdge and also channelling information about the energy industry to their friends. With the fluctuating phenomenon of the industry, NrgEdge Ambassador Programme promotes soft skills development where student will benefit from their onsite volunteering opportunities at NrgEdge booth, networking events, speaking engagements session and also premium career coaching for their future undertakings with their internal talent advisor faculty.
Signing on behalf of Politeknik Brunei was its Director while Asia Edge Pte Ltd and NrgEdge Pte Ltd, Singapore was represented by its Director, Malina Raman. Witnessing the signing were Alias bin Haji Abu Bakar, Acting Assistant Director of Politeknik Brunei and Anas Asalem, Growth and Partnership Specialist of NrgEdge Pte Ltd, Singapore.
Also present during the signing ceremony was Pengiran Dato Paduka Haji Bahrom bin Pengiran Haji Bahar, Deputy Minister of Education as well as other senior officials from the Ministry of Education.
[This article was first published on Borneo Bulletin on July 11, 2017]
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Headline crude prices for the week beginning 2 December 2019 – Brent: US$61/b; WTI: US$55/b
Headlines of the week
The Global Small-Scale LNG Market is projected to grow from 30.8 MTPA in 2016 to 48.3 MTPA by 2022, at a CAGR of 6.7% between 2017 and 2022. The small-scale LNG market across the globe is driven by their increasing LNG demand from remote locations by applications, such as industrial & power, and the ability to transport LNG over long distances without the need for heavy investment such as pipelines. By terminal type, regasification terminal is expected to grow at a highest CAGR between 2017 and 2022. The increasing demand for LNG from the remote locations and global commoditization of LNG are some of the major factors that are driving the demand for small-scale LNG in this segment.
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The Linde Group (Germany), Wärtsilä (Finland), Honeywell International Inc. (U.S.), General Electric (U.S.), and Engie (France), among others are the leading companies operating in the small-scale LNG market. These companies are expected to account for significant shares of the small-scale LNG market in the near future.
Critical questions the report answers:
Growth Drivers are :
Energy cost advantage of LNG over alternate energy sources for end-users
Heavy duty transport companies save approximately 30% on fuel costs on LNG-fueled trucks, compared to diesel fueled trucks, and produce 30% lower emissions. Air pollution from diesel engines is one of the biggest concerns, especially in areas that struggle to meet air-quality standards. On the other hand, natural gas causes complete combustion and fewer emissions than diesel. It is estimated that increasing environmental concerns from the utilization of diesel vehicles is likely to increase the adoption of green fuel technologies such as natural gas. In the case of electric power generation, natural gas engines below 150 KW are more cost effective than oil fueled engines. Fuel cost is one of the major cost for road transportation, which is strongly subject to excise taxation. Typically, an LNG-fueled Volvo FM truck can travel up to 600 km with LNG. With an additional 150 litres of diesel, it can travel up to 1,000 km without refuelling. Thus, reducing the cost of travel. With additional LNG liquefaction capacity expected to come online in the next few years, an oversupply of LNG is expected, which will drive the price of LNG further lower. Considering all these factors, both developed and developing countries are undertaking feasibility studies to recognize the techno-economics of shifting their economies from diesel to natural gas. Therefore, the cheap price of small-scla LNG over others alterantive fuels will drive the growth during the forecast period.
Small-scale LNG terminals are regarded as facilities, including liquefaction and regasification terminals, with a capacity of less than 1 million tons per annum (MTPA) within the scope of this study. It includes the LNG produced from small-scale liquefaction terminals and regasified at small-scale regasification terminals for catering to applications such as LNG-fueled heavy-duty transport, LNG-fueled ships, and industrial & power generation.
North America small-scale LNG market is projected to grow at the highest CAGR during the forecast period.
The North America small-scale LNG market is projected to grow at the highest CAGR during the forecast period. In North America, most of the small-scale LNG demand in industrial & power applications is met through peak shaving facilities. The peak shaving facilities are used to meet adequate supply of LNG to address the peak demand. In 2015, there were more than 100 peak shaving facilities in the U.S., among which one-half of the peak shaving facilities were located in the Northeast, while a quarter of them were located in the Midwest. Currently, the U.S. has among the highest number of peak shaving plants. However, less than 10% of them are available for any other use due to the current electricity demand. The commissioning of small-scale liquefaction plants can expand the peak shaving capacities in the region.
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Major Market Developments:
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The report "Cryogenic Tanks Market by Raw Material (Steel, Nickel Alloy), Cryogenic Liquid (Liquid Nitrogen, LNG), Application (Storage, Transportation), End-use Industry (Metal Processing, Energy Generation, Electronics), and Region - Global Forecast to 2024" The global cryogenic tanks market size is projected to grow from USD 6.2 billion in 2019 and expected to reach USD 8.1 billion by 2024, at a CAGR of 5.5%.
Browse 121 market data Tables and 36 Figures spread through 147 Pages and in-depth TOC on "Cryogenic Tanks Market by Raw Material (Steel, Nickel Alloy), Cryogenic Liquid (Liquid Nitrogen, LNG), Application (Storage, Transportation), End-use Industry (Metal Processing, Energy Generation, Electronics), and Region - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cryogenic-tanks-market-26811967.html
The global industry for cryogenic tanks is driven primarily by the increasing demand for LNG. An increase in infrastructure spending, space applications for cryogenic technologies, and cryogenic energy storage systems represent promising growth opportunities for the market. Improving healthcare services in the developing economies is boosting the cryogenic tanks market.
The steel segment is estimated to lead the cryogenic tanks market, by raw material, during the forecast period.
Steel is primarily used in the manufacturing of cryogenic tanks. Most of the materials are ductile at room temperature and abruptly lose their ductility when a given threshold is exceeded. They then become brittle even at relatively low temperatures. The austenitic stainless steel is majorly used for working in the low-temperature range. Carbon and alloy grade steels used for low-temperature service are required to provide high strength, ductility, and toughness in vehicles, vessels, and structures that must be used at –49°F and lower. These factors are contributing to the growth in demand for steel for the manufacturing of cryogenic tanks.
Liquid Nitrogen is the fastest-growing cryogenic liquid segment of the cryogenic tanks market.
Liquid nitrogen is primarily used in metal processing, food & beverage, electronics, and healthcare industries. The steel manufacturing industry is one of the major consumers of nitrogen. Nitrogen is used in the food & beverage industry for food preservation and packaging applications. The use of liquid nitrogen in this industry enables cost savings during storage and transportation and improves food quality. Liquid nitrogen is used to cool normally soft or heat-sensitive materials, such as plastics, tires, and certain metals. The increasing demand for liquid nitrogen from metal processing, food, and medical industries is expected to drive the market in this segment.
Metal processing is expected to lead the end-use industry segment for cryogenic tanks market during the forecast period.
Metal-processing industry was the largest end-use industry for the cryogenic tanks industry. Cryogenic tanks are increasingly being used in the metal processing industry, especially steel the industry. Huge quantities of nitrogen and other industrial gases are used during the steel manufacturing process. Nitrogen is also known to be largest consumed gas in the industry. It is used as a high-pressure gas for laser cutting of steel and metal. The inert properties of nitrogen facilitates its use as a blanketing gas. Some gases, including hydrogen and oxygen, are also used in the metal processing industry. Cryogenic tanks are commonly used in the storage and transportation of these gases in manufacturing plants, which drives the market demand.
High economic growth rate and growing metal processing and energy generation industries in China, Australia, and India are projected to lead the cryogenic tanks market in APAC during the forecast period.
APAC is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make APAC the most preferred destination for the manufacturers of cryogenic tanks. The cryogenic tanks market in India, China, and Australia is expected to witness significant growth during the forecast period. The market is primarily driven by the demand from the energy & power sector. APAC is emerging as a leading consumer of cryogenic tanks, owing to the increasing demand from domestic as well as international markets.
The key players in cryogenic tanks market are Chart Industries (US), Cryofab (US), INOX India (India), Linde PLC (UK), Air Products (US), Cryolor (France), Air Water (Japan), Wessington Cryogenics (UK), FIBA Technologies (US), and ISISAN (Turkey). These players have established a strong foothold in the market by adopting strategies, such as expansion, new product launch, and merger & acquisition.
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