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GE Agrees to Buy Salof LNG

May 6, 2013 in Companies, LNG by Rich Piellisch  |  No Comments

‘Deep Small LNG Expertise’ to Yield ‘More Options for Customers’

GE is augmenting its MicroLNG and LNG In A Box offerings with an agreement to acquire substantially all of the assets of the Schertz, Texas-based Salof Companies, which offer small-scale LNG technologies.

Salof’s four business units are Kryopak, Salof Refrigeration, River City Industrial Refrigeration and Acid Recovery Systems, Inc.

Salof’s four business units are Kryopak, Salof Refrigeration, River City Industrial Refrigeration and Acid Recovery Systems, Inc.

Adding Salof to the GE portfolio “will add additional capabilities and manufacturing footprint,” GE says, “while Salof can draw upon GE’s breadth and global operations, positioning both companies for growth in this sector.”

“This move is not only good for GE and Salof, it also will provide more options for customers around the world as they look for new ways to cut both emissions and costs by using cleaner burning natural gas,” GE Oil & Gas, president and CEO Daniel C Heintzelman said in a release.

GE_logo“This acquisition expands our strategic footprint in the U.S., and Salof’s Texas site has the potential to be a GE Oil & Gas manufacturing and packaging center of excellence for small LNG technologies,” Heintzelman said.

‘Plug-and-Play’

The move follows GE introduction of MicroLNG last year and LNG In A Box last month. GE’s MicroLNG plants are designed for up to 250,000 gallons per day. LNG In A Box fueling installations will be able to turn out 10,000 to 50,000 LNG gallons daily (F&F, April 23).

“Small LNG solutions typically offer customers a cost-effective standard or modular, plug-and-play solution,” GE says in the Salof announcement. “They can be located in remote areas, industrial sites or even highway fueling stations. Depending on the design, they can be moved and redeployed as needed.”

“Joining GE lets Salof focus on what it does best – developing and producing great LNG technologies – while simultaneously growing our business globally,” Salof Companies president David Gordon says in the GE announcement.

Salof has nearly 200 employees located at its Schertz manufacturing facility.

Along with the U.S. acquisition, GE will acquire a 50% ownership interest in Beijing enCryo Engineering, a Beijing-based joint venture with Beijing Maison Engineering.


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Source: GE Oil & Gas with Fleets & Fuels follow-up

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