Dec. 5, 2013
/PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or, together with its affiliates, the "Company") (NYSE: DRC) reported today that the Company's first small-scale liquefied natural gas (LNG) plant, known as
LN Go ™
has successfully produced LNG.
The Company designed, constructed and commissioned this demonstration plant, which has reached a key milestone with the initial production of LNG. Extended performance and endurance testing is being initiated as the final step prior to full market release.
& Chief Executive Officer
Vincent R. Volpe, Jr.
said, "We are very excited about this technology for small-scale LNG production, which allows for very small stand-alone plants that are portable and can be moved to support changing requirements and needs. The standard LN
plants are sized to produce approximately 6,000 gallons of LNG per day. There is substantial Dresser-Rand scope potential in this offering including our newly introduced MOS
reciprocating compressor, Guascor
control systems, and project management to integrate all of these and the process components into compact, portable packages.
"Our development process began in earnest less than one year ago. In this timeframe, our organization has taken the process and designed, built and commissioned an entire plant, with a target capacity of 6,000 gallons per day. This development cycle time to market is amazingly short, and is a tribute to our internal processes, as well as to the men and women of our development team, and our Painted Post Operations. We are proud of our people and their outstanding efforts.
"On the commercial side, we have been talking to potential clients for several months now and, as previously reported, we already have over 90 qualified leads. Depending upon the nature of the application these leads are broadly classified as plants that would either be for sale or for lease."