HOUSTON, March 5, 2020 /PRNewswire/ -- SeaOne Holdings, LLC ("SeaOne"), a clean energy logistics provider and developer of its patented Compressed Gas Liquid ("CGL™") technology that combines the entire gas stream into one liquid product for delivery to markets, today announced several key developments that underscore the Company's accelerated progress delivering low-cost natural gas and Natural Gas Liquids ("NGLs") to underserved markets in the Caribbean, Central and South America.
Specific updates include the following:
Forrest Hoglund, SeaOne's Chairman and CEO, stated, "SeaOne is closer than ever to fulfilling our mission of helping Caribbean, Central and South American countries reduce their dependency on oil-based fuels and securing access to more affordable, reliable, and cleaner fuel supplies. Our strategy to get there is clear: serve key markets with clean, affordable fuels and reliable power supply while, on a parallel path, develop and ultimately provide customers with a wide range of clean fuel options through the delivery of CGL. With export authorization now exceeding 3.0 bcf/day and agreements with power producers and fuel marketers in place, our attention is turning to execution. This includes the delivery of the propane needed for power generation in country and also for commercial markets."
SeaOne also announced two, highly valuable additions to its Advisory Board. These additions include Mr. David Dewhurst, an experienced energy executive who also served as Texas' Lieutenant Governor from 2003-2015; and Mr. Lance Terveen, who currently serves as Senior Vice President for Marketing at EOG Resources.
Mr. Hoglund added, "We are honored that Lt. Governor Dewhurst and Mr. Terveen have joined us in senior and key, strategic capacities. We are confident that their relationships, deep industry expertise, and strategic acumen will be highly beneficial as SeaOne earnestly begins a new phase of construction, delivery and measurable impact in the markets we serve."
About SeaOne Holdings, LLC
Houston-based SeaOne Holdings, LLC ("SeaOne") is a midstream infrastructure and logistics company that leverages its patented technology to reconstitute energy costs in various markets, catalyzing new opportunities for economic growth and environmental stewardship. Specifically, SeaOne's technology optimizes the blending of natural gas and NGLs into a single product cargo. By consolidating multiple distribution channels, the Company's business model requires significantly less investment and lower operating expenses than conventional natural gas and NGL's delivery technologies. The resulting cost savings allows the Company to provide a complete energy value chain, including power generation and bulk storage of fuels. For more information, please visit www.seaone.com.
Perry Street Communications
SOURCE SeaOne Holdings, LLC