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Bom in Li nde LNG  An intro d u c tio n Ham bu rg, October 10 th , 2013

Blue Corridor NGV Rally 2013 - Bomin Linde LNG: An Introduction

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7/27/2019 Blue Corridor NGV Rally 2013 - Bomin Linde LNG: An Introduction

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Bomin Linde LNG

An introduction 

Hamburg, October10th, 2013

7/27/2019 Blue Corridor NGV Rally 2013 - Bomin Linde LNG: An Introduction

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15/10/2013 Source: Marquard & Bahls, LindeAG

Comments

§  Joint venture was

founded in October

2012

§ Objective: To become a

leading supplier of LNG

as a marine fuel in ECAwaters

§ Backedbysolid and

highlycommitted

shareholders:

àM&B / Bomin

Leading independent

bunker supplier

à Linde

Leading supplier of 

industrial gases

BominLindeLNG is a 50/50 JV between Marquard&

Bahls/ Bominand LindeAG to supply marine LNG

2

Overview Bomin Linde LNG & Shareholders

§

EUR 15.3 bnin revenue (2012), ca. 62.000 employees§ World-leading gases and engineering company: industrial

and medical gases sales, plant engineering, end-to-end

supply chain solutions

§ German blue chip company (DAX listed)

§ EUR 18.3 bnin revenue (2012), ca. 4.800 employees

§ Businesses: oil trading, tank terminal storage, aviation

fueling, gas supply, biogas, biofuels, quality management

§ Largest privately owned natural resource trader in Europe

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0

1

2

3

4

5

2000 2005 2010 2015 2020 2025

By 2015 new emission limits for sulphuroxides to be

introduced, ship owners/operators need to act

15/10/2013 Source: International Maritime Organization; Dieselnet.com

Comments

§ Stricter emission limits in Emission

Control Areas (ECA)

§ North Sea§ Baltic Sea§ English channel§

US and Canadian coastline§ Reduction in sulphuroxides:

§ ECA: by 2015 from 1% to 0.1%§ Global (aim): by 2020 from 3.5%

to 0.5%

§ Fine: EUR 25,000 per ship and per day

§  Timing for reduction in nitrogenoxides

under discussion

Emission limits: SOxandNOx

Sulfur (%)

Global

SOx ECA

 Year

0

3

6

9

12

15

18

0 200 400 600 1000 1200 1400 1600 1800 2000 2200

NOx Limit, G/kWh(%)

 Tier I

Tier II (Global)

 Tier III (NOx Emission ControlAreas)

RatedEngine Speed, rpm

3

Ship owners/operators need to act:

new emission limits cannot be met by

present use of Heavy Fuel Oil

as bunker fuel

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Natural gas, cooled down to

around -160°C, at which point it

contracts to form a liquid

Distillate fuel with reduced sulphur

content (<0.1%)

Scrubber: permanently installed

desulphurization system

There are three ways to comply with future emission

limits: MGO, LNG and HFO + Scrubber

Liquid Natural Gas (LNG)arine Gas Oil (MGO)

Heavy Fuel Oil (HFO)

+Scrubber

4

• Much cheaper than MGO

• Sustainable: LNG meets allcurrent and planned emission

limits

• MGO today already 50%

more expensive than HFO

• Price increase due to rising

demand by 2015 highly likely

• Operating challenges (e.g.

increasing fuel consumption,

handling of resultinghazardous waste)

• Sustainability questionable

15/10/2013 Source: Bomin Linde LNG

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15/10/2013 Source: Bomin Linde LNG 5

BominLindeLNG builds LNG infrastructure in the

North-and Baltic sea

CommentsSC LNG supply chain

§ BominLindeLNG is able to cover

the entire LNG value chain

§  This is enabled through

competence as well as financial

commitment internally as well as

from the shareholder side

§ „Tailor made solutions“ such as

small terminals and individual

bunkering locations can be

realized depending on volume

demand

§ Economies of scale key for

intermediate storage andtransportation

LNG SOURCE

TRUCK 

RAILCAR LNG

STORAGE

LOADING

ARM

BUNKER

BARGE

TRANSPORT

VESSEL

CONTAINER CUSTOMER

VESSEL

BLLNG core activities

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15/10/2013 Source: Bomin Linde LNG, AGA 6

Operational experience: Small scale LNG terminal in

Nynäshamnand theSEAGAS bunker barge

Nynäshamn LNG Terminal

§ 20.000 m3 terminal in operation since 2011

with several 250 m3LNG tanks

§  Terminal located next to the Nynasrefinery

§ BLLNG has full access to both terminal and

bunker vessel (exclusivity for marine LNG)

AGASEAGAS LNG bunker barge

§ World‘s first LNG bunker barge

§ FerryViking Grace as lead customer

(55.000 dwt)

§ Bunkering of Viking Grace once a week in

less than 1 hour

§

No methane slip due to use of dry cryogeniccouplings

§ Official inauguration in March 2013 in

Stockholm

Commentsynäshamn LNG terminal &SEAGAS bunker barge

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 Thank you for your attention.