Cryopeak LNG Solutions

Name

Cryopeak LNG Solutions

Legal name

Cryopeak Energy Solutions Corporation

Website

https://cryopeak.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Small-scale LNG production and virtual pipeline distribution

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Pipeline Transportation of Natural Gas (486210)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Cryogenic Liquids & Distribution (IMAEACAK)

akta.pro secondary industries

LNG Midstream Services & Logistics (Reloading, Transshipment, Breakbulk) (EUALAFAG), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD), LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI), LNG Bunkering (Ship-to-Ship, Truck-to-Ship, Terminal) (TLAHAKAB)

Keywords

• LNG supply
• Virtual pipeline transportation
• Cryogenic equipment manufacturing
• LNG engineering services
• Industrial fuel distribution

Headquarters

HQ city

Richmond

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. LNG Production and Supply: Cryopeak produces LNG at three strategically located regional terminals in Western Canada with total production capacity of approximately 100,000 gallons per day. Revenue is generated through long-term supply agreements and spot sales to industrial customers, mining operations, and remote communities seeking lower-carbon fuel alternatives.
2. LNG Transportation Services: Cryopeak operates the largest mobile LNG fleet in Canada, providing virtual pipeline delivery services using proprietary Super B-Train trailers. Revenue is generated through transportation fees based on delivery volume and distance to remote locations.
3. LNG Equipment Sales and Leasing: Cryopeak designs, manufactures, and provides cryogenic storage systems, vaporization equipment, and fueling systems available for sale or lease. This includes permanent and modular LNG storage, regasification systems, and dispensing equipment for heavy-duty fleet applications.
4. Field Services and Technical Support: Cryopeak provides ongoing field service, maintenance, commissioning, training, and technical support for LNG systems. Revenue includes service contracts, emergency support (24/7 hotline), and ongoing technical assistance throughout the equipment lifecycle.
5. Engineering and EPC Services: Cryopeak provides end-to-end engineering, procurement, and construction services for LNG installations, including system design, fabrication oversight, installation management, commissioning, and operational training.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Cryopeak is a vertically integrated LNG solutions provider that produces LNG at three Western Canadian terminals, transports it via the largest mobile LNG fleet in Canada using proprietary Super B-Train trailers, and delivers turnkey cryogenic equipment and engineering, procurement, and construction (EPC) services to industrial customers in mining, oil & gas, power generation, marine, and remote communities. The company manufactures and supplies modular liquefaction systems, cryogenic storage and vaporization equipment, fueling/loading/dispensing systems, carbon capture units, and 24/7 field service and technical support, enabling off-grid customers to displace diesel with lower-emission LNG without requiring pipeline access.

Product overview

Cryopeak LNG Solutions is a vertically integrated LNG energy solutions provider offering a comprehensive portfolio of products and services across the LNG value chain. The core offering consists of LNG production through three regional terminals, virtual pipeline transportation using the largest mobile LNG fleet in Canada (including proprietary Super B-Train trailers), and turnkey cryogenic equipment including liquefaction systems, storage tanks, vaporization systems, and fuel transfer/loading systems. Engineering and EPC services support system design through commissioning, while field services provide ongoing operational support. The company also offers carbon capture systems to complement its LNG platform. Key product lines include Liquefaction Systems, Cryogenic Storage Systems, Gas Pre-Treatment Systems, Cryogenic Vaporization Systems, Cryogenic Transportation Equipment, Cryogenic Fuel Transfer & Loading Systems, Dispensing and Fleet Fueling Systems, and Carbon Capture Systems—all supported by SCADA-based monitoring and control capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Liquefaction Systems Modular LNG liquefaction systems using cost-effective, in-house-engineered designs based on closed-loop single mixed refrigerant (SMR) and nitrogen processes, with standardized production trains ranging from approximately 25,000 to 200,000 gallons per day (2.5–20 MMSCFD), for remote and industrial customers.
• Cryogenic Storage Systems Flexible LNG storage solutions for permanent and mobile applications, including horizontal, vertical, skid-mounted, and mobile storage tanks ranging from 10,000 to 260,000 gallons per tank, available for sale or lease.
• Gas Pre-Treatment Systems Modular gas pre-treatment systems that remove impurities and condition feed gas through CO2 removal and heavy hydrocarbon removal, preparing it for reliable downstream liquefaction.
• Cryogenic Vaporization Systems Vaporization technologies including ambient, gas-fired, electric, water bath, waste heat, and steam systems that transition LNG from liquid storage to usable gaseous form at customer sites.
• Super B-Train LNG Transportation Trailers Proprietary Super B-train LNG hauling trailers developed by Cryopeak as the first of their kind in Canada, carrying over 18,500 gallons of LNG per trip — 70% greater capacity than standard trailers and the highest payload of any LNG transport in North America. Transport Canada and US DOT-certified.
• Cryogenic Transportation Equipment Fleet Canada's largest mobile LNG fleet, including LNG Super B-train trailers, tandem and tridem trailers, queen storage trailers, and ISO tank containers, with over 5,000,000 miles of cryogenic transport experience and Transport Canada / US DOT certifications.
• Cryogenic Fuel Transfer & Loading Systems Modular fuel transfer and loading systems including truck load-out and marine fueling skids with integrated controls, mass flow metering, and overfill protection, available for sale or lease.
• Dispensing and Fleet Fueling Systems Turnkey LNG, CNG, and LCNG fueling systems for heavy-duty fleets, on-road trucking, mining, and marine applications, designed for modular deployment.
• Carbon Capture Systems Integrated carbon capture technologies designed to complement LNG utilization, including CO2 purification, liquefaction, storage, and logistics, leveraging Cryopeak's cryogenic handling expertise.
• Engineering & EPC Services End-to-end engineering, procurement, and construction capabilities for LNG installations, including system design, fabrication oversight, installation management, commissioning, and operational training, delivered to industrial LNG customers.
• LNG Field Service & Solutions Field services supporting LNG and cryogenic energy projects, including pipeline integrity support, mobile LNG storage and regasification assets, and skilled field technicians, with 24/7 hotline and ongoing maintenance for customer systems.
• LNG Supply (Virtual Pipeline) LNG production and supply from three strategically located regional terminals in Western Canada with total production capacity of 100,000 gallons per day, delivered via virtual pipeline to off-grid industrial and community customers under long-term supply agreements.
• LNG Transportation Services Virtual pipeline transportation services using Canada's largest mobile LNG fleet, including Super B-Train trailers with 18,500-gallon capacity, to deliver LNG efficiently to remote industrial and community locations on a usage-based fee structure.
• Fort Nelson LNG Production Facility Operated LNG production facility in Fort Nelson, BC, with Phase 1 capacity of 27,000 LNG gallons per day scalable to approximately 100,000 gallons per day, serving Northern BC, the Yukon, the Northwest Territories, and Northern Alberta customers.

Quantifiable outcome

• Up to 35% CO2 emissions reduction using LNG instead of diesel
• +3 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Sumitomo CorporationflagshipStrategic or Co-development Partner · 21 September 2020MOU signed September 2020 to jointly develop an LNG bunker fuels supply chain in North America's Pacific Northwest ports including Vancouver, Fraser River Port, Roberts Bank, and Prince Rupert. Sumitomo will offer Cryopeak's end-to-end LNG fueling solutions to existing and potential customers on the West Coast of North America.
• Island Tug & Barge LtdflagshipStrategic or Co-development Partner · 20 July 2020Partnership to develop LNG bunkering articulated tug barge (ATB) configuration for Canada's west coast. Island Tug & Barge, a leading marine bulk fuels transporter based in Burnaby, BC, is collaborating with Cryopeak to develop the 4,000 m3 LNG bunkering barge and jointly provide LNG bunkering solutions to the shipping industry.
• CryoSys, LLCcoreTechnology or Integration · 2 April 2020CryoSys was selected as the liquefaction equipment provider for Cryopeak's Fort Nelson LNG facility. CryoSys specializes in building highly efficient modular LNG plants using their optimized mixed refrigerant process. Their equipment enables lowest installation and operating costs for small-scale LNG production.
• Fort Nelson First NationscoreOthers · 2 April 2020Cryopeak has established a strong relationship with Fort Nelson First Nations organization for developing business opportunities associated with LNG infrastructure projects. The partnership includes employment, partnership, and investment opportunities related to the LNG supply chain in Fort Nelson.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Regional players

• FortisBC Energy Inc. British Columbia natural gas utility operating LNG production and storage facilities (Tilbury and Mt. Hayes). Competes with Cryopeak for LNG supply opportunities in BC and provides a broader regulated utility contrast, but does not focus on mobile virtual pipeline distribution to mining and remote communities.
• Woodfibre LNG: BC-based LNG export project under development near Squamish, focused on supplying Asian markets with Canadian natural gas. Operates in the same BC LNG ecosystem as Cryopeak but at a different scale and with a different end market (export vs. domestic distribution).

Direct peers

• Stabilis Solutions: U.S.-based small-scale LNG producer and distributor specializing in industrial, marine, and remote power applications. Comparable business model of LNG production, transportation via cryogenic trailers, and equipment supply to the same mining, oil & gas, and utility customer base.
• Certarus Ltd. Canadian-based provider of mobile natural gas solutions including CNG and LNG virtual pipeline services to industrial customers in oil & gas, mining, and remote power. Operates a similar trailer-based distribution model serving Western Canada and the U.S., making it the closest direct competitor to Cryopeak's transportation business.
• Eagle LNG Partners: Jacksonville, FL-based small-scale LNG producer focused on marine bunkering and off-road applications, including LNG bunkering for the maritime industry. Direct competitor in Cryopeak's LNG bunker fuels business for ports and shipping customers.

Emerging players

• Chart Industries: Manufacturer of cryogenic equipment including LNG storage tanks, vaporizers, and liquefaction process technology used across the small-scale LNG industry. Supplies similar equipment components that Cryopeak designs into its modular systems, and represents both a potential supplier and competitor in cryogenic equipment sales.

Broad incumbents

• Enbridge Inc. Major North American midstream energy company operating natural gas pipelines, storage, and renewable energy assets. Operates a small-scale LNG business serving similar industrial customers and has the capital base to compete in larger LNG infrastructure projects where Cryopeak operates.
• Pembina Pipeline Corporation: Large Canadian midstream company with natural gas processing, NGL, and crude oil infrastructure across Western Canada. Operates in adjacent midstream services in the same geography and serves overlapping industrial customers, providing resource-conversion services similar to Cryopeak's LNG production.
• New Fortress Energy: U.S.-based LNG and power infrastructure company supplying natural gas and LNG to industrial customers, utilities, and marine markets globally. Operates at much larger scale than Cryopeak with similar end markets including remote power generation and marine bunkering.

Others

• Caterpillar Marine Power / Wärtsilä: Major manufacturers of LNG-powered engines and marine propulsion systems. Adjacent to Cryopeak's LNG distribution business since their engines drive demand for LNG bunker fuels and remote power generation equipment that Cryopeak supplies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cryopeak-lng-solutions
• Xx.com/CryopeakLNG

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Cryopeak LNG Solutions