• BIST 1.110
  • Altın 455,741
  • Dolar 7,2351
  • Euro 8,5204
  • İstanbul 25 °C
  • Ankara 22 °C

Titan LNG secures $12.6m EU funding to expand bio-LNG project

Titan LNG secures $12.6m EU funding to expand bio-LNG project
Titan LNG has secured an EU grant scheme of EUR11m ($12.6m) to develop and expand its bio-LNG (BLNG) project with the addition of three bunker barges.

The grant comes under the EU Connecting Europe Facility (CEF), a grant scheme supporting transport infrastructure, connectivity and the switch to greener fuels for transport.

“Our project Bio2Bunker develops and expands a BLNG bunkering supply chain by introducing three bunker barges in Zeebrugge, Rotterdam, and Lübeck. The bunker barges in Belgium and Germany will be similar to our two existing FlexFuelers with demonstrated operational advantages. For the Amsterdam-Rotterdam-Antwerp region we will construct a mothership, the Titan Hyperion, that will resupply our FlexFuelers,” Titan LNG stated.

Shipping players have a handful of options in terms of choosing which marine fuel to use for the future: run on marine gas oil (MGO), heavy fuel oil with scrubbers, or go for BLNG, a proven alternative fuel that is scalable.

“Titan LNG believes that LNG-fuelled ships are future proof. LNG combined with BLNG and later synthetic liquefied gas (SLG), made by combining green hydrogen and CO2, offer a credible and cost competitive path to decarbonisation whilst immediately improving local air quality,” Titan LNG said.

“We are thankful that the EU shares our vision and offers this support for overcoming the barriers to scaling up BLNG as a fuel,” it added.

 

Turkish maritime news

 
This news is a total 1252 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |