{"id":27087,"date":"2022-04-22T17:06:39","date_gmt":"2022-04-22T12:06:39","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=90505"},"modified":"2022-04-22T17:06:39","modified_gmt":"2022-04-22T12:06:39","slug":"petroleos-internacionales-del-caribe-and-seaone-holdings-announce-signing-of-cgl-technology-pre-front-end-engineering-design-pre-feed-agreement","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/petroleos-internacionales-del-caribe-and-seaone-holdings-announce-signing-of-cgl-technology-pre-front-end-engineering-design-pre-feed-agreement\/","title":{"rendered":"Petr\u00f3leos Internacionales del Caribe and SeaOne Holdings Announce Signing of CGL Technology Pre-Front End Engineering Design (Pre-FEED) Agreement"},"content":{"rendered":"
\n

HOUSTON, April 22, 2022 (GLOBE NEWSWIRE) — Petr\u00f3leos Internacionales del Caribe (\u201cPIC\u201d) and its operating division in Mexico Petr\u00f3leos Internacionales del Caribe Inc., Sucursal M\u00e9xico (\u201cPICMEX\u201d) and SeaOne Holdings, LLC (\u201cSeaOne\u201d\u2122) jointly announced today the signing of a CGL\u2122 Technology Pre-FEED (Front End Engineering Design) Agreement for studies by SeaOne to cover the design of the CGL\u2122 production and export terminals and plants, receiving terminals and plants, and the CGL Carriers (CGLCs) that will be built to transport CGL\u2122 to markets. Following completion of the project specific pre-FEED and the FEED studies by SeaOne and partners, PIC will make the Final Investment Decision (FID) which will allow PIC and its partners to move forward with construction and operation of the project.<\/p>\n

The SeaOne Compressed Gas Liquids (CGL\u2122) intellectual property is supported by 9 core U.S. patents, with supporting engineering and designs. The core CGL patents are the basis of 84 international patents, and 72 global trademarks that cover the composition of CGL (natural gas and natural gas liquids in a solvated solution) and methods for producing, storage, loading and unloading cargo containment systems in the CGLC, and associated onshore and offshore production and receiving terminals. The patents, designs and systems also include various transportation solutions that have been developed by SeaOne.<\/p>\n

\u201cWe are very enthusiastic about partnering with PIC,\u201d SeaOne\u2019s Chairman and CEO, Forrest Hoglund, said. \u201cCGL\u2122 increases access to affordable, lower emission fuels. These projects will provide Mexico, and other countries in Central and South America, and the Americas with affordable fuels and power, as well as significant carbon emissions reductions, a key component in achieving sustainability and balanced ESG goals.\u201d<\/p>\n

“We are excited to take this important Pre-Feed step with SeaOne,\u201d said\u00a0Michael Hood, CEO of PIC. \u201cThrough this partnership, PIC and SeaOne will accelerate commercialization of CGL\u2122 to help meet the fuel supply and electricity needs of PIC\u2019s customers in Mexico and throughout the Americas while substituting higher-emission fuels to continue driving down emissions.\u201d<\/p>\n

About Petrole\u00f3s Internacionales del Caribe and Petrole\u00f3s Internacionales del Caribe Inc., Sucursal M\u00e9xico<\/u><\/strong>
\nPetrole\u00f3s Internacionales del Caribe (\u201cPIC\u201d) is a global company based in the USA. The company develops and operates a variety strategic related operations with its key partnerships. Petr\u00f3leos Internacionales del Caribe Inc., Sucursal M\u00e9xico (\u201cPICMEX\u201d) is an affiliate of PIC and is headquartered in Mexico. For more information, please visit www.pic-sas.com<\/a>
\n
\nAbout SeaOne Holdings, LLC<\/u><\/strong><\/p>\n

Houston-based SeaOne Holdings, LLC (\u201cSeaOne\u201d\u2122) is a midstream infrastructure and logistics company that provides a means to deliver and store natural gas and natural gas liquids, from wellhead to market, as a liquid gas cargo using through its patented Compressed Gas Liquid (\u201cCGL\u201d\u2122) system. SeaOne has developed and secured worldwide patents on a system which transforms the way natural gas and natural gas liquids (\u201cNGL\u201d) are processed, stored, and delivered globally to markets. The technology enables the delivery of clean fuels to regional markets at a significant discount to the current cost of fuel in the Caribbean, Central and South America. SeaOne aims to remake the energy cost and supply picture for the entire region, catalyzing new opportunities for economic growth and vitality and improving the lives of millions. For more information, please visit www.seaone.com<\/a><\/p>\n

For media queries, please contact:\n\nJay Shahidi\nPIC USA-PIC Mexico\ninfo@pic-sas.com<\/a>\n+1 714 553 7482<\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
HOUSTON, April 22, 2022 (GLOBE NEWSWIRE) \u2014 Petr\u00f3leos Internacionales del Caribe (\u201cPIC\u201d) and its operating division in Mexico Petr\u00f3leos Internacionales del Caribe Inc., Sucursal M\u00e9xico (\u201cPICMEX\u201d) and SeaOne Holdings, LLC (\u201cSeaOne\u201d\u2122) jointly announced today the signing of a CGL\u2122 Technology Pre-FEED (Front End Engineering Design) Agreement for studies by SeaOne to cover the design of [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\nPetr\u00f3leos Internacionales del Caribe and SeaOne Holdings Announce Signing of CGL Technology Pre-Front End Engineering Design (Pre-FEED) Agreement - Myanmar News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewsgazette.com\/petroleos-internacionales-del-caribe-and-seaone-holdings-announce-signing-of-cgl-technology-pre-front-end-engineering-design-pre-feed-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petr\u00f3leos Internacionales del Caribe and SeaOne Holdings Announce Signing of CGL Technology Pre-Front End Engineering Design (Pre-FEED) Agreement - 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