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Crown LNG Announces Selection of IKM Consulting Ltd as Engineering Design Partner for Grangemouth LNG Infrastructure Project

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Crown LNG Holdings has selected IKM Engineering & Environmental Consultants as its partner for the design and engineering of a planned floating LNG import terminal in the Firth of Forth, Scotland. This marks a significant step towards the Final Investment Decision (FID) for the Grangemouth project, targeted for late 2024. The project aims to enhance the UK's energy security, addressing increased LNG imports and geopolitical impacts on energy markets.

IKM's role will encompass Pre-FEED and FEED phases, including project management, execution planning, consenting, process design, facility layout optimization, detailed engineering, and procurement support. The project will utilize floating storage and regasification unit (FSRU) technology. A site study has been completed, and Crown will proceed with the consenting process with Scottish and UK Governments.

Crown LNG Holdings ha scelto IKM Engineering & Environmental Consultants come partner per la progettazione e l'ingegneria di un terminale di importazione di GNL galleggiante previsto nel Firth of Forth, in Scozia. Questo rappresenta un passo significativo verso la Decisione Finale di Investimento (FID) per il progetto di Grangemouth, previsto per la fine del 2024. Il progetto mira a migliorare la sicurezza energetica del Regno Unito, affrontando l'aumento delle importazioni di GNL e gli impatti geopolitici sui mercati energetici.

Il ruolo di IKM comprenderà le fasi di Pre-FEED e FEED, inclusi la gestione del progetto, la pianificazione dell'esecuzione, il consenso, la progettazione dei processi, l'ottimizzazione del layout degli impianti, l'ingegneria dettagliata e il supporto all'approvvigionamento. Il progetto utilizzerà la tecnologia delle unità di stoccaggio e rigassificazione galleggianti (FSRU). È stato completato uno studio del sito e Crown procederà con il processo di consenso con i governi scozzese e britannico.

Crown LNG Holdings ha seleccionado a IKM Engineering & Environmental Consultants como su socio para el diseño y la ingeniería de un terminal de importación de GNL flotante planeado en el Firth of Forth, Escocia. Este es un paso significativo hacia la Decisión Final de Inversión (FID) para el proyecto Grangemouth, previsto para finales de 2024. El proyecto busca mejorar la seguridad energética del Reino Unido, abordando el aumento de importaciones de GNL y los impactos geopolíticos en los mercados energéticos.

El rol de IKM abarcará las fases de Pre-FEED y FEED, incluyendo gestión de proyectos, planificación de ejecución, obtención de permisos, diseño de procesos, optimización del diseño de instalaciones, ingeniería detallada y soporte en adquisiciones. El proyecto utilizará la tecnología de unidades de almacenamiento y regasificación flotantes (FSRU). Se ha completado un estudio del sitio y Crown procederá con el proceso de consentimiento con los gobiernos escocés y británico.

Crown LNG Holdings는 스코틀랜드 포스 만(Firth of Forth)에 계획된 부유식 LNG 수입 터미널의 설계 및 엔지니어링을 위해 IKM Engineering & Environmental Consultants를 파트너로 선정했습니다. 이는 그랑지모스 프로젝트에 대한 최종 투자 결정(FID)을 향한 중요한 이정표로, 2024년 말로 예정되어 있습니다. 이 프로젝트는 증가하는 LNG 수입과 에너지 시장에 대한 지정학적 영향을 다루며, 영국의 에너지 안보를 강화하는 것을 목표로 합니다.

IKM의 역할은 사전 기초 설계(Pre-FEED)와 기초 설계(FEED) 단계에서 프로젝트 관리, 실행 계획 수립, 승인 취득, 공정 설계, 시설 레이아웃 최적화, 상세 엔지니어링, 조달 지원을 포함합니다. 이 프로젝트는 부유식 저장 및 재기화 유닛(FSRU) 기술을 활용할 것입니다. 부지 조사가 완료되었으며 Crown은 스코틀랜드 및 영국 정부와 함께 승인 절차를 진행할 예정입니다.

Crown LNG Holdings a sélectionné IKM Engineering & Environmental Consultants comme partenaire pour la conception et l'ingénierie d'un terminal d'importation de GNL flottant prévu dans le Firth of Forth, en Écosse. Cela marque une étape significative vers la Décision Finale d'Investissement (FID) pour le projet de Grangemouth, ciblé pour fin 2024. Le projet vise à renforcer la sécurité énergétique du Royaume-Uni, en répondant à l'augmentation des importations de GNL et aux impacts géopolitiques sur les marchés de l'énergie.

Le rôle d'IKM comprendra les phases de Pre-FEED et FEED, y compris la gestion de projet, la planification de l'exécution, l'obtention des autorisations, la conception des processus, l'optimisation de la disposition des installations, l'ingénierie détaillée et le soutien à l'approvisionnement. Le projet utilisera la technologie des unités de stockage et de regazéification flottantes (FSRU). Une étude de site a été réalisée, et Crown procédera au processus d'approbation avec les gouvernements écossais et britanniques.

Crown LNG Holdings hat IKM Engineering & Environmental Consultants als Partner für das Design und die Ingenieurausführung eines geplanten schwimmenden LNG-Importterminals im Firth of Forth in Schottland ausgewählt. Dies stellt einen bedeutenden Schritt in Richtung der endgültigen Investitionsentscheidung (FID) für das Grangemouth-Projekt dar, das für Ende 2024 anvisiert wird. Das Projekt zielt darauf ab, die Energiesicherheit im Vereinigten Königreich zu verbessern und die steigenden LNG-Importe sowie die geopolitischen Auswirkungen auf die Energiemärkte anzugehen.

Die Rolle von IKM umfasst die Phasen Pre-FEED und FEED, einschließlich Projektmanagement, Ausführungsplanung, Genehmigungsbeschaffung, Prozessdesign, Optimierung des Anlagendesigns, detaillierte Ingenieursarbeiten und Beschaffungsunterstützung. Das Projekt wird auf die Technologie der schwimmenden Speicher- und Regasifizierungseinheiten (FSRU) zurückgreifen. Eine Standortuntersuchung wurde abgeschlossen, und Crown wird mit dem Genehmigungsprozess bei den schottischen und britischen Regierungen fortfahren.

Positive
  • Selection of IKM as engineering partner advances the Grangemouth LNG project towards FID
  • Project aims to support UK's energy security and address increasing LNG import demand
  • Existing power grid and gas grid access available within ten miles of the proposed site
  • FSRU technology to be employed for the project
  • Site study for location and LNG vessel access completed
Negative
  • None.

Company advances toward FID target of late 2024

ST HELIER, Jersey, July 25, 2024 (GLOBE NEWSWIRE) -- Crown LNG Holdings Limited (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, today announced that it has selected IKM Engineering & Environmental Consultants (“IKM”), an award-winning civil and structural engineering and environmental consultancy, as its partner for the design and engineering of its planned 100% owned floating LNG import terminal in the Firth of Forth, Scotland. The appointment represents a critical milestone as Crown advances toward Final Investment Decision (FID) for the Grangemouth project.

The Grangemouth project, located on the east coast of Scotland, seeks to support the UK’s increasing drive for energy security post-Brexit and in the context of geopolitical impacts on energy markets. Currently, the UK relies on just three facilities for all of the country’s LNG imports, which increased 74% from 2021 to 2022.

IKM’s mandate will include the Pre-FEED and FEED (front end engineering and design) phases, including project management and execution planning. Specific services to be provided include: consenting; overall process design; facility layout optimization; detailed engineering; and procurement support.

“After a rigorous review process of some of the most widely known and respected civil and structural engineering consultancies in the UK, we are pleased to announce the selection of IKM, part of the Global Energy Group, as our engineering partner,” said Swapan Kataria, CEO of Crown LNG. “With an existing presence in Grangemouth and extensive experience across water and energy infrastructure, they have the unique capability to support the development and completion of the project safely, effectively and efficiently. Their partnership will help to advance our efforts toward FID for this critical project and expand the UK’s energy security through enhanced access to reliable natural gas supplies.”

A site study for location of the import facility and LNG vessel access has been completed, and Crown will progress immediately with the consenting process with the Scottish and UK Governments. Existing power grid and gas grid access is available within ten miles of the proposed site location. Crown will employ a floating storage and regasification unit (“FSRU”) technology for the project.

“IKM are pleased to be supporting Crown LNG’s major investment in the Scottish economy. The project will provide a critical step in the transition to a low carbon economy and provide energy, infrastructure and jobs both in Fife and Grangemouth,” commented Ian Maclachlan, IKM’s founder.

About Crown LNG Holdings Limited
Crown LNG is a leading provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, which represent a significant addressable market for bottom-fixed, gravity based (“GBS”) liquefaction and floating storage regasification units, as well as associated green and blue hydrogen, ammonia and power projects. Through this approach, Crown aims to provide lower carbon sources of energy securely to under-served markets across the globe. Visit www.crownlng.com/investors for more information.

About IKM Engineering & Environmental Consultants
IKM Consulting is an award-winning engineering and environmental consultancy with offices in Grangemouth and Runcorn. IKM works extensively in the petrochemical, energy, and renewables industries for a range of national and international clients.

Our multidisciplinary teams are dedicated to managing client risk and enabling strategic and informed decision-making. We work collaboratively to deliver value and technical expertise, supporting clients across the lifecycle of projects, from planning and feasibility to detailed design and project management.

Contacts

For Crown LNG

Investors
Caldwell Bailey
ICR, Inc.
CrownLNGIR@icrinc.com

Media
Zach Gorin
ICR, Inc.
CrownLNGPR@icrinc.com

For IKM

Trisha Palmer
trish@ikmconsulting.co.uk


FAQ

What is the Grangemouth LNG project's target date for Final Investment Decision (FID)?

Crown LNG Holdings is targeting late 2024 for the Final Investment Decision (FID) of the Grangemouth LNG project.

Who has Crown LNG selected as its engineering design partner for the Grangemouth project?

Crown LNG has selected IKM Engineering & Environmental Consultants as its engineering design partner for the Grangemouth LNG infrastructure project.

What technology will Crown LNG use for the Grangemouth LNG import terminal?

Crown LNG will employ floating storage and regasification unit (FSRU) technology for the Grangemouth LNG import terminal project.

Where is the proposed location for Crown LNG's new import terminal in Scotland?

The proposed location for Crown LNG's new import terminal is in the Firth of Forth, on the east coast of Scotland.

What services will IKM provide for Crown LNG's Grangemouth project?

IKM will provide services including Pre-FEED and FEED phases, project management, execution planning, consenting, process design, facility layout optimization, detailed engineering, and procurement support for the Grangemouth project.

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