Baker Hughes To Supply Electric-Driven Liquefaction Technology For Cedar LNG Project
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Baker Hughes (NASDAQ:BKR) has been awarded an order by Black & Veatch to supply Cedar LNG in Canada with electric-driven liquefaction technologies, including refrigeration compressors, boil-off gas compressors, and centrifugal pumps. This project, powered by renewable electricity, aims to make Cedar LNG one of the lowest carbon intensity LNG facilities globally. It represents a significant step in the Haisla Nation's economic and social development and is part of global decarbonization efforts. This order highlights Baker Hughes' strength in the LNG market and its commitment to providing lower carbon solutions.
April 05, 2024 | 12:04 pm
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Baker Hughes has secured a significant order from Black & Veatch to supply Cedar LNG with electric-driven liquefaction technology, marking a notable achievement in the LNG market and reinforcing its commitment to lower carbon solutions.
The order from Black & Veatch to supply Cedar LNG with electric-driven liquefaction technology is a significant development for Baker Hughes, showcasing its capabilities and commitment to sustainability in the LNG market. This project, aimed at creating one of the lowest carbon intensity LNG facilities, aligns with global decarbonization goals and could enhance Baker Hughes' reputation and market position. The involvement in such a high-profile and environmentally focused project is likely to be viewed positively by investors and could lead to increased investor confidence and potential stock price appreciation in the short term.
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