TORM acquires Danish green equipment manufacturer

The new partnership builds on a long-term collaboration between TORM and MEP to produce scrubbers and other energy reduction equipment. TORM has installed scrubbers on more than 50 vessels developed and produced by MEP or the JV.

The Motorship reported that Torm established a joint venture with Guangzhou Shipyard International and MEP to manufacture scrubbers in late 2018. 

MEP will continue as an independent, stand-alone entity and will continue to serve its existing customer base. The current management and production team at MEP will continue without any changes, and Jens Peter Faldt will continue as CEO. He maintains 25% ownership of MEP.

TORM operates a fleet of approximately 80 modern vessels. Jesper S. Jensen, Head of the Technical Division at TORM, said: “We are delighted to enter into a further integrated partnership with MEP to continue our journey towards decarbonization. I am convinced that combining the experience and engineering resources at MEP with the operational excellence at TORM will help us in achieving our environmental targets, where we have decided to push fast forward to deliver a 40% reduction by 2025 and 45% by 2030 compared to 2008.”