Nikkiso Cryoquip

What Nikkiso Cryoquip does

Nikkiso Cryoquip operates as part of Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG), a wholly-owned subsidiary of the Tokyo-listed Nikkiso Co., Ltd. (TSE: 6376), with its US headquarters in Temecula, California. Founded in 1953 as Special Pump Co., Ltd. in Japan, the group was consolidated and renamed Nikkiso CE&IG in 2019 and is now organized around five primary business units: Cryogenic Pumps and Expanders, Cryogenic Services, Energy Infrastructure and Strategic Projects, and Applied Technologies. It is described as the largest cryogenic pump company in the world, an outcome of the transformative 2017 acquisition of Cryogenic Industries Group and the 2015 acquisition of Atlas Copco's LNG cryogenic pump business. The group operates across 20+ countries with 1,800+ employees.

The company designs, engineers, manufactures, and services cryogenic equipment for the liquid-side value chains of LNG, hydrogen, ammonia, CO2, nitrogen, oxygen, and other industrial gases. Core products include centrifugal and reciprocating cryogenic pumps (including licensed submerged motor pump technology), heat exchangers and vaporizers (100,000+ manufactured, handling pressures up to 15,000 psi), hydrocarbon turboexpanders with up to 90% energy recovery, vacuum jacketed piping systems, complete cryogenic process plants, CO2 recovery plants (95%+ recovery, 99.99% purity), and turnkey LH2/LNG/CNG fueling stations. Equipment is custom-engineered to API-617 and API-614 specifications, supported by ISO 9001/14001/45001, ASME U/U2, and classification society certifications (ABS, DNV, LR, KR, Class NK).

The business operates on a hybrid model combining project-based hardware sales with recurring aftermarket services. Revenue is generated through (i) custom cryogenic equipment manufacturing and EPC(M) turnkey solutions, (ii) long-term service agreements (e.g., five-year contracts with dedicated account managers, port-to-port inventory, exchange programs, retrofits, and field service), and (iii) operator training and engineering services. Customers are enterprise-scale and span five primary segments: energy infrastructure (LNG terminals, hydrogen liquefaction), marine (LNG carriers, FSRUs, low-carbon fuel vessels — supported by five global Marine Hubs), industrial gases (air separation, liquid oxygen/nitrogen production), transportation (hydrogen and LNG fueling stations), and emerging carbon capture. Notable enterprise customers include Hanseatic Energy Hub, Maran Tankers Management, Coregas (Nippon Sanso), Clean Energy Fuels, Bellevue Gold, Riverside Transit Agency, and Deep Sky. Go-to-market is direct enterprise sales with dedicated account managers, complemented by the Exion Asia partner network of 17 workshops across Southeast Asia.

Name

Nikkiso Cryoquip

Legal name

Cryogenic Industries, Inc.

Website

https://nikkisoceig.com

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Nikkiso Cryoquip, part of Nikkiso CE&IG, is the world's largest cryogenic pump company, designing, manufacturing, and servicing cryogenic equipment — pumps, vaporizers, turboexpanders, CO2 plants, and fueling systems — for LNG, hydrogen, ammonia, and industrial gas customers across energy, marine, industrial gas, and transportation markets globally.

Ownership category

akta.pro rank

Product category

Cryogenic Equipment Manufacturing

NAICS

Pump and Compressor Manufacturing (33391), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air and Gas Compressor Manufacturing (333912)

SIC

Refrigeration & Service Industry Machinery (3580), Oil & Gas Field Machinery & Equipment (3533), Pumps & Pumping Equipment (3561)

akta.pro primary industry

Cryogenic Liquids & Distribution (IMAEACAK)

akta.pro secondary industries

Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Seals, Valves & Auxiliary Components (for Pumps/Compressors) (IMAHANAH), NGL/Condensate Recovery & Fractionation (Cryogenic, Refrigeration) (EUAAABAD)

Keywords

• Cryogenic pumps
• Heat exchangers
• LNG equipment
• Vaporizing systems
• Hydrogen fueling

Headquarters

HQ city

Murrieta

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Cryogenic Equipment Manufacturing: Design, manufacture, and sale of cryogenic equipment including pumps, turboexpanders, heat exchangers, vaporizers, vacuum jacketed systems, and cryogenic process plants. Equipment is tailored to customer specifications according to API-617 and additional customer requirements.
2. Aftermarket Services and Maintenance: Comprehensive global aftermarket support including scheduled maintenance, cold end valve repairs, exchange programs, upgrades, retrofits, engineering services, emergency response, and technical support. Long-term service agreements and customized service contracts.
3. Turnkey Solutions and EPC: Complete turnkey solutions including FEED studies, system design, EPC(M) services, on-site installation, commissioning, and startup support. Custom engineered cryogenic process plants delivered as fully integrated systems.
4. Training and Field Services: Operator training and aftermarket technical support services for pump and turboexpander equipment. On-site and in-factory training options.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Nikkiso Cryoquip is part of Nikkiso Clean Energy & Industrial Gases Group and designs, engineers, manufactures and services cryogenic equipment for the storage, transportation and processing of liquefied gases including LNG, hydrogen, ammonia, CO2, nitrogen and oxygen. Its product portfolio includes centrifugal and reciprocating cryogenic pumps, heat exchangers and vaporizers, turboexpanders, vacuum jacketed systems, cryogenic process plants, CO2 recovery plants and turnkey fueling systems, all built to customer specifications with API-617 and API-614 compliance.

Product overview

Nikkiso Clean Energy & Industrial Gases Group is a leading provider of cryogenic equipment and systems used at the forefront of energy and industrial gas markets, engineering low-carbon solutions for hydrogen, ammonia, CO2, LNG, and other industrial gases. The product portfolio is organized around core equipment categories: Cryogenic Pumps (centrifugal and reciprocating pumps for liquefied gases), Heat Exchangers (ambient and powered vaporizers), Fueling Systems (LH2, LNG, CNG stations), Cryogenic Process Plants (air separation, liquefaction systems), CO2 Plants (carbon capture and liquefaction achieving 95%+ recovery), Turboexpanders (hydrocarbon energy recovery up to 90%), and Vacuum Jacketed Systems. The company also provides Marine Services through five global hubs. The products are sold under the Nikkiso brand following 2019 consolidation of legacy brands including Cosmodyne, ACD, Cryo, and Cryotec.

Differentiator

Problem solved

Functional benefit

Brands

• Cryoquip: Cryoquip PTY LTD operates under Nikkiso CE&IG with its own Standard Terms and Conditions of Sale, serving as a distinct trading entity for cryogenic equipment.
• Cosmodyne
• Cryotec

Products and services

• Cryogenic Pumps Centrifugal and reciprocating cryogenic pumps for liquefied gases including LNG, oxygen, nitrogen, hydrogen and ammonia. Includes submerged motor pumps acquired from Atlas Copco/JC Carter technology. Engineered to API-617 and customer specifications for demanding cryogenic environments.
• Heat Exchangers Heat exchangers and vaporizing systems handling pressures up to 15,000psi for LNG, hydrogen and ammonia applications. Over 100,000 vaporizers manufactured to date. Includes ambient and powered vaporizers.
• Fueling Systems Turnkey LH2, LNG and CNG fueling and transfill solutions. 150+ permanent clean energy stations and 40+ mobile fuelers delivered globally by end of 2025. H35/H70 capability delivering 600kg per hour at 1000 bar.
• Cryogenic Process Plants Custom-built cryogenic process plants including air separation plants, nitrogen/oxygen liquefiers and hydrogen liquefaction systems. Designed for continuous operation with minimal maintenance and delivered as fully integrated turnkey systems.
• CO2 Plants Complete CO2 recovery plants with carbon capture, purification and liquefaction. Achieve recovery rates over 95% with purity up to 99.99%. Over 35 plants in operation globally with 5+ million tons of CO2 turned into revenue by customers.
• Turboexpanders Hydrocarbon turboexpanders and compressor-loaded devices for natural gas processing and LNG applications. Can return up to 90% of the energy used. Supports geothermal organic rankine cycle power plants for green hydrogen production (5-25MW).
• Vacuum Jacketed Systems Vacuum jacketed piping systems for safe handling of low-temperature fluids with pre-fabricated, factory-tested piping sections and bayonet connection enabling welding-free installation. Virtually maintenance-free for a decade.
• Marine Services Global aftermarket services for LNG carriers, FSRUs and low-carbon fuel vessels through five Marine Hubs. Includes OEM parts, exchange programs, workshop repairs, field service, upgrades, retrofits, emergency response, scheduled maintenance, cold end valve repairs and long-term service agreements.

Quantifiable outcome

• 90% energy recovery with hydrocarbon turboexpanders
• +6 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• Maran Tankers Management Inc.coreStrategic or Co-development Partner · 12 May 2026Five-year service agreement for comprehensive global aftermarket support for Maran Tankers' high pressure pumps, including scheduled cold end valve repairs at defined intervals. Nikkiso maintains critical inventory across Marine Hubs worldwide enabling cold ends to be received within days. Also provides technical guidance and carries out extended overhauls during scheduled dry-docking.
• Hanseatic Energy HubflagshipStrategic or Co-development Partner · 6 April 2026Contract to provide nearly 30 submerged motor pumps for Germany's largest land-based terminal for liquefied gases in Stade. Nikkiso provides 20 low-pressure and 9 high-pressure pumps for the project being built by Hanseatic Energy Hub, scheduled to be operational in 2029. Terminal includes Europe's two largest LNG tanks.
• Exion Asia Pte LtdcoreStrategic or Co-development Partner · 26 March 2026Strategic service partnership establishing Singapore as Nikkiso CE&IG's Southeast Asia Marine Hub. Exion Asia operates 17 workshops across Southeast Asia including three major facilities in Singapore. Partnership provides coordinated regional support for cryogenic pumps and equipment on marine vessels, including dry-docking maintenance, exchange programs, upgrades, engineering services, and emergency response.
• Clean Energy Fuels CorpcoreStrategic or Co-development Partner · 8 December 2025Contract to provide equipment and control systems for liquid hydrogen station for Riverside Transit Agency in California. Nikkiso supplies pumps, vaporizers, priority panel, dispensers, boil-off gas compressor, and liquid hydrogen offload pump designed to mitigate boil-off gas.
• Tecnicas ReunidascoreImplementation/ SI/ Consulting PartnerLead EPC contractor for Hanseatic Energy Hub's Stade terminal project. Nikkiso contracted through Tecnicas Reunidas to provide pumps for the project.
• Coregas (Nippon Sanso)coreStrategic or Co-development PartnerCommissioned air separation unit in Darra, Brisbane for Coregas, a Nippon Sanso company. Cosmodyne plant produces liquid oxygen and nitrogen daily for Queensland industrial gas, specialty and medical markets. Global manufacturing network combined with local execution capability.
• WestAirminorStrategic or Co-development PartnerHybrid hydrogen trailer and fueling station project in Long Beach designed to reduce boil-off gas losses close to zero.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@nikkisoceig
• LinkedInlinkedin.com/company/nikkiso-ceig

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nikkiso Cryoquip