EMEA News
UK Shipping Firm Eyes Cost Savings with Scrubber Retrofit
Pacific Green Technologies Marine Limited (PGTM) has announced that it has signed an agreement with UK-based Union Maritime Limited and its subsidiary UML Westminster Limited (Union) for the sale of an exhaust gas scrubber system intended to glean fuel cost savings on Union's 13,000 DWT chemical tanker Westminster.
"The System's effective scrubbing of regulated emissions enables Union Maritime to achieve cost savings by allowing the continued use of lower cost heavy fuel oil when operating in Sulfur Emission Control Areas (SECA) instead of switching to high cost low sulfur fuel."
"It is anticipated that savings on this type of vessel would be approximately US$2,700 per day when operating in a SECA."
The scrubber system will be supplied for the vessel's main engine for $1,995,000, which will be paid by Union via the fuel cost savings that the system generates until PGTM has received the full cost.
Union is also said to have agreed to an intent to purchase as much as another ten scrubber systems from PGTM, subject to the system's performance in meeting ECA regulations over an eighteen month period.
"Union Maritime takes its environmental responsibilities extremely seriously and we are determined to comply with all current and future controls on vessel emissions," said Laurent Cadji, Managing Director of Union.
"Working with PGT provides us with an innovative solution to the requirements of operating our vessel within a SECA and we look forward to a fruitful partnership."
POWERCHINA SPEM in noting to be manufacturing the system, which will likely be installed at a shipyard in eitherTurkey or Dubai during the first quarter of 2017.
In June, the Exhaust Gas Cleaning Systems Association (EGCSA) said the marine scrubber industry has "ample scrubber capacity for 2020" and is ready to help shipping comply with the 0.50 percent global sulfur cap for bunkers that is expected to come into force that year.
