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Titan LNG receives EUR 11 million for Bio-LNG bunkering supply chain project

21 Jul 2020

Netherlands-based maritime liquified natural gas (LNG) bunkering company Titan LNG on Monday (20 July) said it has been granted EUR 11 million (USD 12.6 million) funding from the EU’s Connecting Europe Facility (CEF), the EU’s grant scheme supporting transport infrastructure, connectivity and the switch to greener fuels for transport.

The funding is for Titan LNG’s project Bio2Bunker that develops and expands a (Bio)-LNG (BLNG) bunkering supply chain by introducing three bunker barges in Zeebrugge, Rotterdam, and Lübeck, it said.

The bunker barges in Belgium and Germany will be similar to its two existing FlexFuelers with demonstrated operational advantages. 

For the Amsterdam-Rotterdam-Antwerp region the company said it  will construct a mothership, the Titan Hyperion that will resupply its FlexFuelers.

The company added its customers in the shipping sector are facing a choice for the future: run on MGO, HFO with scrubbers, or go for (bio)LNG, the only proven alternative fuel that is scalable right now. 

Titan LNG said it believes that LNG-fueled ships are future proof as LNG combined with BLNG and later Synthetic Liquefied Gas (SLG), made by combining green hydrogen and CO2, offer a credible and cost competitive path to decarbonization whilst immediately improving local air quality.


Photo credit: Titan LNG
Published: 21 July, 2020

 

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