Bulk Distributor Mar/Apr 18 | Page 11

March/April 2018 Equipment Leasing B ULK D ISTRIBUTOR 11 dƌŝŇĞĞƚƌĂŵƉƐƵƉĐƌLJŽďƵƐŝŶĞƐƐ Trifl eet has ordered 20 40ft cryogenic tanks with a volume of 46,000 litres The new business will be headed by Jaap Kuijpers Wentink T rifl eet Leasing is spending this year building up a signifi cant cryogenic container fl eet and offering a full range of related services. Twenty 40ft tanks with a volume of 46,000 litres and designed to offer exceptional operational capabilities have been ordered as a fi rst batch for the planned 2018 investments. The new business will be headed by Jaap Kuijpers Wentink. Both Trifl eet and Kuijpers Wentink have around 25 years of expertise each: Trifl eet as a well-established tank container lessor, and Kuijpers Wentink as an expert in the cryogenic business. With new cryogenic tank containers that focus on LNG, Trifl eet says it is continuing its sustainable business path and investing in the developing LNG market. The company will be the technical partner for a customer’s cryogenic infrastructure, meaning that the cryogenic business will not only offer state-of- the-art tanks, but also related services, such as cryogenic pumps, hoses, installation systems and technical advice; all based on the existing infrastructure, processes and expertise of the well- established Trifl eet business. “It is the stable foothold of Trifl eet combined with Kuijpers Wentink’s expertise that provides the new cryogenic business with the ability to determine and develop superior designed tanks with detailed technical specifi cations to enable operational advantages for customers,” Trifl eet said in a statement. The design and manufacturing of the tank containers have been commissioned to Cryovat in the Netherlands and GasCon in South Africa. The fi rst 40ft units for LNG will be available for leasing within the fi rst quarter of this year. Trifl eet’s technical team is trained to work with LNG tank containers and will have the respective global certifi cation by the time the fi rst tanks are leased out. “We are combining Trifl eet’s 25 years of expertise in tank containers with Jaap Kuijpers Wentink’s 25 years of cryogenic experience,” explained Trifl eet managing director Philip van Rooijen. “Our new cryogenic business is off to a powerful start, with a substantial number of superior tanks and deep cryogenic insights, based on the well-established and structured Trifl eet organisation.” “Building up the cryogenic business at Trifl eet is like moving forward with the energy and fl exibility of a start-up that has the stability and professionalism of an established market player. This is the perfect match for bringing the best cryogenic tanks and services to our LNG customers,” adds Jaap Kuijpers Wentink, in his post as director cryogenics of Trifl eet Leasing. Prior to joining Trifl eet, Kuijpers Wentink was managing director at the Crynorm Group, a manufacturer of LNG integrated systems such as tank systems, LNG/CNG truck fuelling stations, LNG liquefaction plants, bunkering systems, marine LNG fuel systems, and vaporisers; all of which were cryogenic-related. Before that he worked as managing director at tank lessor Cryotainer. He started his career as manager chemistry at Linde Gas, part of the Linde Group. With this background, he brings a wealth of experience in the cryogenic business as well as in the cryogenic tank container and services business to Trifl eet. As an alternative fuel for oil-based products, LNG is considered to be the most environmentally friendly fuel. In the rapidly growing gas market, there is an increasing need for transport storage capacity in the form of intermodal tank containers. And, as an alternative fuel for ships and trucks, LNG is soaring in particular. The supply of LNG requires fl exible storage, which can be achieved by operational leasing. What’s more, in view of the signifi cant investment involved in LNG installations – of which stationary tanks are responsible for the majority of this – the need increases when it comes to turning capital expenditure into operational expenditure by leasing storage through intermodal tank containers.