Damen BWTS investment

The €2.8m funding, possibly rising to €24.5m, will help Damen Financial Services roll out Damen’s InvaSave solution, creating 240 jobs locally.

“Thanks to the lease construction made possible through our partnership with Climate Investor Two, this eco-friendly solution will be within reach of many more companies and governments in Africa, Asia, and Latin America,” commented Jan Willem van Helden, managing director of Damen Financial Services.

InvaSave offers a port-based solution to ships ill-equipped to treat their ballast water or wishing to supplement their existing treatment capabilities to meet higher standards. The system is currently the only one to be certified by the IMO. During the commercial phase, it is estimated that the systems will treat up to 36,000m³ of ballast water per day.

“The Damen project represents an exciting opportunity to get ahead of the growing demand for ballast water treatment, whilst also contributing toward climate adaptation and preserving the future of marine ecosystems,” said Tarun Brahma, head of investments at Climate Fund Managers which manages CI2.