Latest developments on membrane systems - Intertanko · Intertanko 19/10/2016 CONFIDENTIEL GTT is...
Transcript of Latest developments on membrane systems - Intertanko · Intertanko 19/10/2016 CONFIDENTIEL GTT is...
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
This document is strictly confidential. Any unauthorised access to, appropriation of,copying, modification, use or disclosure thereof, in whole or in part, by any means, forany purpose, infringes GTT’s rights. This document is part of GTT’s proprietary know-how and may contain trade secrets protected worldwide by TRIPS and EU Directivesagainst their unlawful acquisition, use and disclosure. It is also protected by Copyrightlaw. The production, offering or placing on the market of, the importation, export orstorage of goods or services using GTT’s trade secrets or know-how is subject to GTT’sprior written consent. Any violation of these obligations may give rise to civil or criminalliability. © GTT, 2010-2016
Disclaimer
2
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
An engineering company with more than 50years of experience in the design of theMembrane Cargo Containment Systems
GTT is a public company listed on theEuronext Stock Exchange (Paris)
111 projects (1) (LNGC, VLEC, FSRU, FLNG,barge and GST) currently on order
Around 380 highly qualified people (1), presentworldwide
GTT in brief
3
(1) As at March 31st, 2016
10.38%
0.43%
Free-float
48.70%
Management and employees
40.41%
Treasury shares0.09%
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
GTT is active across the liquefied gas shipping and storage value chain
Offshore clients:
shipyards
Onshore clients:
EPC contractors
Source: Company data
Exploration & Production Shipping
Off Take / Consumption
Re-Gasification
Onshore storage liquefaction plant
Onshore storage re-gasification terminal
Floating LNG Production, Storage and Offloading unit
(FLNG)
Liquefied Natural Gas Carrier (LNGC)
Floating Storage and Regasification Unit
(FSRU)
LNG fuelled ship
Gas-to-wire
Power plant
Platform /Installation
Tank in industrial plant
Ethane/ multigas Carriers
Barge
4
Liquefaction
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
5
10
15
20
25
30
35
40
45
50
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
% o
f St
eam
Tu
rbin
e L
NG
car
rie
rs
Nu
mb
er
of
LN
G c
arri
ers
Delivery year
Diesel Electric Diesel Mechanic Steam Turbine % of Steam Turbine LNG carriers
Propulsion systems according to delivery dates
6
In 2013 :Diesel Electric dominates and
SSD+gas injection enters the market
In 2008 : Expansion of DE propulsion and
SSD+Reliqdeliveries
Until 2007 :Steam Turbine “golden age”
Source : Clarksons
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Changes in propulsion systems
Initially, all LNG Carriers built with Steam Turbin e:Reliable, but
Low efficiency
Optimized for one dedicated speed
Since 2005/2006, DF-DE engines as a basis of designImproved global efficiency
Improved redundancy (4 DFDE + 2 Electric motors)
Flexibility according to power demand
More cargo delivered
Recently, Slow Speed engines with gas burning optio ns ME-GI (MAN) and X-DF (Wartsila)
MarkIII Loa (m) Lbp (m) B (m) D (m) T (m)
147k ST 285.1 272 43.4 26.1 12.1
155k DF-DE 285.1 274 43.4 26.1 12.1
7
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
CCS Evolution
Demand for lower BORIncreased propulsion efficiency (DF DE, MEGI)
Reduced speed (Spot market)
Environmental concerns (Nox / Sox emissions)
Need for increased strength related toIncreased cargo capacity
Additional flexibility for intermediate fillings
Offshore application
8
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Membrane cargo containment systems
NO96MarkIII
MarkIII NO96
Insulation thickness 270 mm 530 mm
Dimensions of standard
elements3m x 1m 1.2m x 1m
Containment weight 73 kg/m² 114 kg/m²
Insulation material Reinforced PU foam Plywood and perlite
Primary membrane 1.2mm corrugated SUS 304L 0.7mm Invar
Secondary membrane 0.6mm Triplex 0.7mm Invar
9
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
NO96 Evolution: Glass wool
BOR Reduction: replacing perlite with glass wool
BOR down to
0.125%pd
10
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
NO96 Evolution: LO3 / LO3+
BOR Reduction: R-PUF adjunction at secondary layer
170K LNGC:- LO3: BOR ~ 0.110%pd- LO3+: BOR ~ 0.100%pd
11
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
NO96 Max: General description
Based on NO96 philosophy & sea proven materialsInvar
Densified plywood
Glass wool
Resin
12
Primary invar membrane
Top cover
Pillar
Stiffener
Bottom
NO96 Max coupler
Resin patch
Secondary invar membrane
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
NO96 Max: Main features
NO96 philosophy (demonstrated reliability)Plywood boxes (1m x 1,2m) anchored to the hull thanks to couplers
Same invar membranes
Very close fabrication and erection principles
Increased flexibilityLow BOR (0,09%) / enlarged CCS reinforcement
At affordable price compared to NO96 GW
Co-work with DSME: Scale 1 tests mock-up to prepare first ship application
To optimize the production process and manage cost & quality
13
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Strength increase: change of R-PUF density
Higher Compressive
strength
Mark III Evolution: Mark III Flex
130kg/m3 210kg/m3
14
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Mark III Mark Flex
400mm
270mm
Mark III Evolution: Mark III Flex
BOR reduction: increased thickness
BOR less than
0.100%pd
15
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Mark V: General descriptionCorrugated 304L primary
membrane identical to Mark III
Machined R-PUF panelsMechanical anchoring
Corrugated Fe-36%Ni secondary membrane
16
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Mark V: Main features
Mark III philosophy Corrugated primary membrane identical to Mark III
R-PUF insulation panels
ImprovementsLower BOR (0.07%V/d)
New metallic secondary membrane
Co-work with shipyards and suppliers: To prepare the first ship application
17
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
5.6 M$
9.1 M$
10.6 M$11.4 M$
0 M$
2 M$
4 M$
6 M$
8 M$
10 M$
12 M$
-2 bp -4 bp -6 bp -8 bp
Value of reducing BOR (1) to a shipownerPerformance of GTT technologies
Summary of CCS evolutions - BOR
Reduction of BOR (1) represents significant savings for the shipowner, u p to $11.4M in a 10-year period
New LNGC vs old: $74 M savings (3)
-8 bp-6 bp
10 year NPV of reduced BOR(1) for an LNGC(2)
Source: Company (1) Boil off rate per day(2) Assuming 174,000m3 vessel equipped with NO96 membrane; using 6% discount rate; $7.15/Mbtu Asian gas price assumption. NPV calculated vs. a BOR of 0.15%(3) Hyp.: 10-year period, discount rate: 6%, LNG selling price in Asia: $7.15/Mbtu, propulsion: steam turbine for old one and MEGI for new one
1992 2011 2013/16 2011/121994 2016
LNG Boil Off Rate (BOR)(1) of GTT systems developed since 2010
18
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Summary of CCS evolutions - Strength
GTT systems – always a suitable level of reinforceme nts NO96 Max “Giga box” strength will be equivalent to Mark “High Density”
130kg/m 3 210kg/m 3170kg/m 3
Std / SR / UR Mega Reinf Giga Reinf
Mark Systems
NO96 MAX
19
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
More flexibility with higher strength
Illustration of the added value in terms of operati onal flexibility LNGC revised filling limits – North Atlantic – Standard capacity 174k
The “all capacity” approach allows to optimize the configuration
NO96 Max Ultra
Mark130 kg/m 3
10%H
70%H
10%H
70%H
Reinf. on 1/3 of the total surfaceSubjected to sloshing assessment
NO96 Max Giga
Mark210 kg/m 3
15%H
50%H
15%H
50%H
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
More flexibility with higher strength
Illustration of the added value in terms of operati onal flexibility Small Scale 32K – North Atlantic
Full flexibility with high density foam and NO96 Max Giga
Mark 210kg/m 3
NO96 Max Giga
0
10
20
30
40
50
60
70
80
90
100
130kg/m3
Filling level [%H]
10H
70H
210 kg/m3 Mark 130kg/m 3
NO96 Max Ultra
Inte
rtan
ko19
/10/
2016
CO
NF
IDE
NT
IEL
Thank you for your attention
22
Stéphane Maillard • [email protected]