Share:
HOUSTON, TX, May 04, 2021 (GLOBE NEWSWIRE) --
The Port of Corpus Christi Authority and Stabilis Solutions Inc. ("Stabilis") (NASDAQ:SLNG), a leading provider of energy transition services, including hydrogen and liquefied natural gas ("LNG") fueling solutions, have entered into a Memorandum of Understanding (MOU) to facilitate the use of LNG as a marine fuel at the Port of Corpus Christi.
LNG-powered vessels are becoming increasingly prominent amongst the world fleet, as LNG fuel benefits port customers in both efficiency and emissions reductions compared to diesel combustion engines. Some of the vessels calling on the Port of Corpus Christi today are already LNG-compatible. With this partnership and the increasing availability of LNG as a marine fuel at the Port of Corpus Christi, the Port and Stabilis hope to attract more LNG-capable vessels and to encourage the conversions to LNG power. The Port of Corpus Christi and Stabilis have committed to providing extensive customer education and technical support as well as attracting capital, including grant funding opportunities designed to incentivize market development and viable customer solutions.