Dresser-Rand's small-scale unit successfully produces LNG

|About: Dresser-Rand Group Inc. (DRC)|By:, SA News Editor

Dresser-Rand (DRC +0.5%) says it successfully produced liquefied natural gas from its small-scale LNGo facility at an undisclosed location.

DRC has been promoting LNGo as a decentralized method of meeting increasing demand for LNG fueling; each stand-alone plant is capable of producing ~6K gal./day, with the demonstration facility now undergoing extended performance and endurance testing prior to its market release.

DRC says it has held preliminary talks with ~90 prospective customers who could either buy or lease a LNGo plant.