BASF Partners YoungHwa Marine Tech (YHMT) for High Performance Cryogenic Thermal Insulation Solutions
South Korea - Global demand for cryogenic insulation solutions is surging due to continuous efforts to diversify the energy mix from coal to other resources, such as natural gas. BASF partners with YHMT with our polyurethane solutions for various cryogenic applications.
From 2022 – 2023, a cryogenic insulation system made with BASF’s Elastopor® Cryo & Elastospray® Cryo by YHMT has been applied in the VLGC (very large gas carrier) for renowned shipbuilder which was delivered to the leading shipowner sequentially.
During the roughest journey of cryogenic fuel transport, the high mechanical strength of Elastopor® Cryo and Elastopor® Cryo protects against the shock of waves and minimizes boil off losses.
In early 2022, BASF and YHMT signed a strategic collaboration agreement to develop polyurethane (PU) insulation solutions for cryogenic and shipbuilding industries. The agreement included using BASF products with Cryo series (Elastopir®, Elastopor®, Elastospray®, Elastocoat®) that are suitable for cryogenic applications, in LNG (-164℃)/ LEG/ LPG ship’s cargo tank, fuel tank & pipeline, offshore projects and LNG terminal projects.
YoungHwa Marine Tech provides total insulation solutions and services in cryogenic insulation field and company consist of professional engineers in the cryogenic insulation field. Our company is specialized in design, manufacture, and installation of cryogenic insulation for LPG cargo tank and LNG Fuel Tank. YoungHwa Marine Tech is certified by ISO9001, ISO14001 and Class type approval and our customers include shipyards and international engineering companies. YoungHwa Marine Tech is consistently improving scientific management and optimizing application process to meet customers' requirement from both domestic and oversea markets. We have a strong technical research development team and partnership with numbers of famous domestic institutions. We have developed the premium quality and well recognized products for cryogenic insulation market. Further information at www.yhmarine.co.kr.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.