Yara Mulls Sale of Its Marine Scrubbers Business
Norwegian industrial chemical corporation Yara International said it is evaluating options for its Yara Marine Technologies (YMT) business, including a potential sale.Yara formed YMT after acquiring Green Tech Marine in 2014. The top three scrubber supplier expects its 2019 sales will more than double from 2018's predicted NOK 700 million, as ship owners and operators prepare for new ship emissions regulations due to enter force in 2020.Svein Tore Holsether, President and Chief Executive Officer of Yara International ASA…
Green Tech Wins RoPax Scrubber Deal
Green Tech Marine has won a contract to deliver 21 exhaust gas cleaning systems (“scrubbers”) to an undisclosed ship-owner in first quarter 2015. By using Green Tech Marine scrubbers, ship owners can continue to operate on heavy fuel oil instead of more costly marine gas oil, while staying below the strict IMO requirements regarding sulphur emission. Sulphur oxides cause a wide variety of health and environmental impacts. With asthma being the largest children chronic disease in the Western world, authorities are addressing this issue through legislation.
Yara Acquires Majority Stake in Green Tech Marine
Yara International will expand its emissions control business by acquiring a majority 63% stake in Green Tech Marine (GTM), a sulphur oxide (SOX) scrubber supplier to the marine industry. “New International Maritime Organization (IMO) regulations are being implemented, and combining GTM with our existing Nitrogen Oxide (NOX) portfolio will help the maritime industry cleanse their emissions and be compliant,” said Yves Bonte, Senior Vice President and head of Yara’s Industrial Segment.
Exhaust Gas Scrubbers, Not MGO, for 'Pride of America'
Green Tech Marine contracted to deliver four of its scrubber units to the Norwegian Cruise Line ship. The scrubbers will be installed in March during a dry dock in Pearl Harbor Naval shipyard. They will replace the ships silencers and clean the exhaust of four, 8 MW engines, in total 32 MW, in what the manufacturers say is the biggest marine scrubber installation in the world at this time. Thanks to the small size of the scrubbers no valuable space for passengers or crew has to be sacrificed. The system will be a hybrid system, i.e.
