EMEA News
Titan LNG Receives €500,000 Subsidy for LNG Bunkering Pontoon Development
Titan LNG today announced that it has been awarded €500,000 ($534,345) by the Province of North-Holland to support the construction of its liquefied natural gas (LNG) bunkering pontoon, the Titan LNG Flex-Fueler.
"We are excited to receive this contribution to build our flexible LNG bunkering solution, which will undoubtedly provide LNG as a marine fuel in the region with a major boost. The support from the Province has been outstanding and we are delighted that they see our vision," said Niels den Nijs, CEO of Titan LNG.
"Ships in the region are a major contributor to high pollution levels of Sulphur Oxide (SOx), Nitrogen Oxide (SOx) and Particulate Matter (PM), which can cause serious damage to human health. LNG offers a relatively cheap and very clean alternative fuel for ships."
The Flex-Fueler project is said to have been selected to receive the subsidy under the province's "Clean Harbour Programme" for the impact Titan LNG is expected to have in reducing shipping emissions in the region.
"We are also excited to see the feedback from our customers, which confirms that there is growing demand for LNG from inland water barges and seagoing vessels at attractive prices," said den Nijs.
As Ship & Bunker reported in September, the vessel is said to be intended to supply inland waterway vessels from a fixed location, but can also be move to supply larger sea-going vessels unloading or loading their cargo, thereby minimising costs and enhancing operational efficiencies.
