Periodic Reporting for period 1 - MLU250 (The Game Changer Two Stage Micro Liquefaction Unit for (Bio) LNG)
Reporting period: 2019-03-01 to 2019-06-30
LIQAL has developed MLU 250, a cost and energy efficient, easily scalable micro scale NG liquefaction system that will allow the production of LNG wherever it is needed, catalysing the development of an effective small scale LNG supply chain.
MLU 250 has reached TRL 7 and is protected by a patent. We have produced a prototype which has been successfully demonstrated in the recovery of Boil-Off Gas in LNG fuelling stations. The last development steps will be achieved through MLU 250 project by defining a commercial prototype, validating MLU 250 technology through the construction and testing of a pilot plant and preparing its market deployment through the implementation of pre-commercial and communication actions.
2. We analysed the small scale LNG market. Additionally, we confirmed our Freedom-To-Operate and assessed our IP strategy and regulatory requirements.
3. We identified required components suppliers, biogas purification partners and stakeholders involved on the pilot plant installation. We reviewed our commercial relationships and updated our collaboration strategy.
4. We forecasted MLU 250 financial projections and identified project funding needs. We identified MLU 250 project commercial and financial risks and proposed mitigation and contingency measures.
5. We further defined MLU 250 commercialisation strategy and aligned it with the project strategy, resulting in an updated business plan.