News & Events
Cryogenic Industries, Inc. (and its subsidiaries, ACD, Cosmodyne and Cryoquip) announce their functional consolidation with Nikkiso Cryo, Inc., to be known as “Nikkiso Cryogenic Industries Group” (the Group).
The Group’s creation involves the strengthening and development of five functional units of the companies. The Cryogenic Pumps unit aligns ACD’s and Nikkiso Cryo’s lines of pumps. The Cryogenic Process Systems unit incorporates turbo expanders along with LNG and Air Separation plants. The Heat Exchanger Systems unit focuses on cryogenic vaporizers, LNG and industrial gas equipment. The Cryogenic Services unit provides service and support through a broad network of global facilities. A newly created Integrated Cryogenic Solutions unit will allow for centralized management of product and project development across channels and in multiple market segments. Through joint research and innovation, the Group will provide increased engineering and systems solutions for market development.
“One key benefit of our new business approach is the capacity to expand our offerings and provide a comprehensive product line for clean energy such as LNG and hydrogen, in addition to our existing line of products for industrial gases. We’re calling this segment our ‘One Clean Energy Group,’” said Peter Wagner, President and CEO of Cryogenic Industries. “We are looking forward to working together with Nikkiso Cryo as Nikkiso Cryogenic Industries Group, with our shared experience, resources and commitment to quality. This will allow us to focus more closely on our customers’ needs, providing individual support, service and solutions.”
The functional consolidation will provide the opportunity for a more expansive look at the customer’s product experience and extend the Group’s global reach across increased markets. The full integration will take place over the next several months.
In August 2017, Nikkiso Co., Ltd. acquired Cryogenic Industries, and all of its operations, including ACD, Cosmodyne and Cryoquip.
Nikkiso is a global leader in advanced technologies for Industrial, Clean Energy, Aerospace and Medical markets. Their industrial product line includes cryogenic pumps and pump systems and this acquisition brings a natural synergy of both companies’ products and objectives.
For more details on the acquisition or Nikkiso and its products, click below:
Handling Cold vs. Saturated LNG
Since 1941, when the first pilot LNG liquefaction plant was set up in Cleveland, US, the LNG industry has amassed a huge body of experience that has enabled the near perfect public safety record that it has earned. Today, the global LNG supply capacity has grown to more than 240 million tpy, with over 430 LNG carriers in operation, with a projected growth to approximately 350 million tpy by 2020.
In those early days of the industry, equipment was not available for handling LNG, so a new special equipment industry was born. These developments largely originated from the experience of a group of scientists and engineers based at California Institute of Technology (Caltech), who were involved with the early US aerospace industry.
The LNG supply chain has been growing ever since with the latest new market segments being the small scale LNG plant and LNG as a transport fuel [Figure 1]. These developments have resulted in the introduction of new technologies and solutions over the traditional large scale LNG approach.
SMM - 2018
September 4 - 7 -- Hamburg, Germany
Visit us at booth # A5 - 606!
With over 2,200 exhibitors and about 50,000 visitors from all over the world, SMM continues to cement its position as the most important event in the maritime industry calendar.
The trade fair offers a perfect stage for gathering insights, networking, cementing business deals and contributing to debates with the thought leaders in this sector.
September 5-6, 2018 -- Hangzhou, China
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September 9-12, 2018 - Seattle, WA
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Gastech - 2018
September 17 - 20 -- Barcelona, Spain
Visit us at booth # N169!
Gastech Conference & Exhibition is the leading event for the international oil & gas industry and a global meeting place for energy professionals working in the natural gas cycle. Held every 18 months in a different international location, the next edition will be held in Barcelona from 17th to the 20th September 2018 at the Fira Gran Via, Barcelona, Spain. The last edition of Gastech was held in Tokyo, Japan. The Gastech exhibition showcased over 500 companies and attracted over 25,000 visitors.