Flowserve Acquires LNG Pumping Technology from NexGen Cryo to Accelerate Decarbonization Growth Strategy
July 23, 2024 04:05 PM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–Flowserve Corporation (“Flowserve”) (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, has acquired the intellectual property and in-process R&D related to cryogenic Liquefied Natural Gas (LNG) submerged pump technology, systems and packaging from NexGen
NexGen Cryogenic Solutions, Inc., and Flowserve Corporation Break Ground on a New Cryogenic Engineering Test Center (CETC) at Kingman’s Griffith Logistics Hub.
The new facility, operated by NexGen Cryogenic Solutions, Inc., is located near Golden Valley, Mohave County. On land bounded to the east by Interstate 40 and by the 653 MWe Griffith Energy Plant to the west, the CETC is due for completion in the first quarter of 2024. Under an exclusive licensing agreement, Flowserve, a […]