Tag: secures
STAX Engineering Secures $40M Funding Round for Maritime Emissions Control
STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading provider of hybrid growth capital. Upper90 has provided flexible capital to finance the build out of STAX’s fleet of mobile emissions capture and control barges; the expansion will accelerate over the next six months to…
Alfa Laval OceanGlide fluidic air lubrication system secures the first Memorandum of Understanding with a Korean shipyard
Alfa Laval has collaborated with a Korean shipbuilding company by signing the first Memorandum of Understanding (MOU) for OceanGlide installations. This agreement shows the growing market interest in OceanGlide as a viable solution for energy efficiency and decarbonization. Alfa Laval has signed a Memorandum of Understanding (MOU) with a reputed Korean shipyard, K Shipbuilding (KSB)…
Höegh Autoliners secures significant Enova funding for two ammonia-powered vessels
Shipping company Höegh Autoliners ASA is making significant progress in its ambition to make the Aurora Class the world’s first PCTC vessel to run on ammonia. Today, they have been granted almost USD 14 million (NOK 146 million) in Enova funding to use the alternative and sustainable fuel for two of their Aurora Class vessels.…
Svanehøj secures CO2 pump order for the third Northern Lights LCO2 carrier
Northern Lights is increasing CO2 shipping capacity with its third LCO2 carrier. Like the first two vessels, the gas equipment specialist Svanehøj will supply the cargo pump system. The three ships are the world’s largest of their kind, and the order represents a significant milestone for Svanehøj’s ambitions in Carbon Capture and Storage. Svanehøj has…
