BMT Participates in World Gas Conference "Leading Localization of Core Components for Hydrogen and LNG"

[Asia Economy Reporter Hyungsoo Park] BMT, a fitting and valve development company, announced on the 23rd that it will participate in the '2022 World Gas Conference (WGC)' held at Daegu EXCO until the 27th.

The World Gas Conference is one of the world's top three international gas industry events. Energy companies from around the globe participate to discuss issues such as energy transition and energy security. Foreign media outlets such as CNN and Nikkei are also invited to promote the domestic hydrogen and LNG (liquefied natural gas) industries to the global market.

BMT is developing and selling cryogenic valves for LNG vessels and ultra-high-pressure hydrogen valves. It supplies to the three major domestic shipbuilders and major Chinese shipyards. The company has also completed the development of hydrogen fittings and valves, including the medium-pressure double parallel type 'preforming fitting' applying its patented technology.

Last year, BMT participated in 'Kormarine,' which showcases new technologies and cutting-edge equipment in the global shipbuilding industry, presenting its marine products. It is expected to benefit as LNG ship orders begin in earnest.

Development of hydrogen products is also accelerating. In 2020, the company was selected as a leading enterprise in the 'Development Project for Ultra-High-Pressure Hydrogen Pipeline Valves, Dispensers, Heat Exchangers, and Monitoring Systems' promoted by the Ministry of Trade, Industry and Energy. Seven institutions, including the Korea Institute of Industrial Technology and the Korea Photonics Technology Institute, are participating in this project. With a total budget of 12.2 billion KRW, the project is planned to continue until the end of 2023.

A BMT official stated, "We will focus on product development and certification acquisition to build hydrogen refueling infrastructure and localize parts," adding, "We expect to benefit from the growth of applied industries such as LNG vessels and semiconductors."

He emphasized, "This event will be an opportunity to prove the company's international competitiveness and technological capabilities and to increase market share both domestically and internationally."

This content was produced with the assistance of AI translation services.