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.
Yara Acquires SCR Systems Provider H+H
Yara International ASA said it has strengthened its position in emissions control for ships, industrial plants and heavy-duty vehicles with its acquisition of H+H Umwelt-und-Industrietechnik GmbH, which produces Selective Catalytic Reduction (SCR) systems for secondary NOx (nitrogen oxide, nitrogen dioxide) reduction in marine and stationary land engines. Increasingly stringent environmental regulations, including in the U.S. and Europe are imposing tougher NOx reduction standards on cruise ship…