GTT Signs Agreement with Matrix PDM Engineering

GTT announces that its Houston-based US subsidiary, GTT North America (GTT NA), has signed a license agreement with the American engineering company Matrix PDM Engineering. The agreement was signed at the Matrix Service Company headquarters in Tulsa, OK, in the presence of John Hewitt – Matrix Service Company CEO, Joe Montalbano – Matrix Service Company COO and Matrix PDM Engineering President; and Aziz Bamik – General Manager, GTT NA.

The license grants Matrix PDM Engineering the right to implement GTT’s patents to construct onshore storage tanks for LNG (liquefied natural gas), LPG (liquefied petroleum gas) and other liquefied gases through affiliated Matrix construction companies. As the first EPC¹ company based in the United States to be licensed by GTT, Matrix PDM Engineering and its affiliates are well positioned to provide GTT’s onshore technology throughout the United States, Canada, Mexico and the Caribbean.

In December 2015, GTT’s membrane technology was approved for inclusion in the 2016 edition of the NFPA² 59A: US standard for the production, storage, and handling of LNG. This standard is widely regarded  as  the  reference  standard  in  many regions  of  the  world,  especially North  America, Latin America, Asia-Pacific, the Middle East and Africa.

“Building on the recent milestone within NFPA 59A, GTT is pleased to partner with Matrix, a first class EPC, to bring a new value proposition to the North American market through the inherent advantages of GTT’s proven membrane technology: reduced CAPEX/OPEX and reduced time to market using local trained   operators   implementing   a   standardized    and    modular    technology”,    declared   Philippe Berterottière, Chairman and Chief Executive Officer of GTT.

“GTT membrane technology adds to our suite of offerings and builds upon our years of experience in the traditional design and construction methods used for LNG and NGL tanks,” said Ken Erdmann, Vice President of Matrix PDM Engineering. “GTT technology has been used for decades on LNG carriers and various land based applications in other countries around the world. Examples of projects that might benefit are LNG facilities, where owner/operators seek faster speed to market or, in some instances, for projects located in areas with higher seismic activity.”

For its part, GTT will supply Matrix technical assistance through its engineering and operations teams. The GST® membrane technology was wholly designed by GTT, is proven with 50 years’ experience adapted from the GTT Mark III technology for marine application, and is suitable for small and large capacity storage alike. Currently 34 onshore storage tanks in service globally use GTT solutions; the first onshore tanks of this kind were constructed in the early 1970s.

Come and see GTT’s GST® technology for yourself at the Matrix booth (Booth No 519) at the HHP Summit in Chicago on October 11th, 12th and 13th 2016. On October 13th GTT North America will also be taking part in the Summit’s “Supply Chain and Technical Considerations for LNG Marine Bunkering” session.

_{1  EPC : Engineering, Procurement & Construction}

_{2  NFPA : National Fire Protection Association}