The signing forms part of the establishment of Cool Energy, the new spin-off company created to commercialise the LNG Micro-Cell, and follows signing of the company's shareholder agreement.

The LNG Micro-Cell was developed by Curtin's Professor Robert Amin. It enables the conversion of natural gas to liquid natural gas in small-scale production by means of an innovative transportable refrigeration system.

The technology is said to offer significant economic potential for industry to reduce production and distribution costs. It is also said to have environmental benefits due to its ability to remove high levels of contaminants in-process and liquefy, rather than flare off, natural gas.

Curtin University said Cool Energy was created in response to the substantial national and international interest in the LNG Micro-Cell. The company will continue to test, develop and distribute the technology both in Australia and around the world, the University added.

The LNG Micro-Cell was developed with additional participation from industry partners Metasource, Woodside Energy, Shell Global Solutions International and Clearer Sky.