Scorpio Tankers' EGSS Order Goes to Pacific Green
Pacific Green Marine Technologies (PGMT) will manufacture its ENVI-Marine Exhaust Gas Scrubbing System (EGSS) for 52 vessels owned or managed Scorpio Tankers.
Two days ago, Monaco-based dry bulk shipping company Scorpio Bulkers announced that it will purchase exhaust gas cleanings systems for 52 of its vessels. (Marine Link report)
The provider of a wide range of emission control systems for ships owned by Pacific Green Technologies Inc. (PGTK) said in a press release that the agreements provide for 42 vessels in 2019 and 10 vessels in 2020.
Pricing is based on the size of each vessel’s exhaust gas emissions in accordance with PGTK’s Pricing Curve concept. The Agreements are currently estimated to have a total value of USD$79.6m subject to further engineering studies.
In addition to the Agreements, PGMT and Scorpio Tankers have executed a Framework Agreement whereby Scorpio Tankers can elect for PGMT to design and engineer the System for up to a further 28 vessels in 2020 subject to certain criteria being met.
PGTK’s partner, PowerChina SPEM Company Limited, will work alongside PGMT to ensure the successful execution of the project.