Yara acquires Green Tech Marine

The DNV-certified GTM scrubber system is a single stream technology which is designed to be easy to retrofit to exsiting ships, thanks to its small physical footprint, and which will allow continued use of HFO and other high sulphur fuels when operating in ECAs after 1 January 2015. It has been selected by several operators, including Royal Caribbean Cruise Lines and Norwegian Cruise Lines.

“We are excited to get the GTM team onboard. New IMO regulations are being implemented, and combining GTM with our existing 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.

“The synergies we have with Yara on technology development and market reach for maritime business, as well as their global reach, will allow us to take this business a step further and establish ourselves as a leading player in the global market,” said Peter Strandberg, CEO of Green Tech Marine.