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Höegh Autoliners A/S         117919SHIPMANAGER

Höegh Autoliners A/S     

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Höegh Autoliners Secures Enova Funding for Ammonia-Powered Vessels

https://tdl.ink/p/526

wrote by Raghib Raza (about a month ago)

https://shippingtelegraph.com/environment-news/hoegh-autoliners-gets-14m-injection-for-ammonia-fuelled-newbuildings/

Höegh Autoliners gets $14m injection for ammonia-fuelled newbuildings | Environment news | Shipping Telegraph

Norwegian roro company Höegh Autoliners announced yesterday a major milestone in its sustainability efforts, securing substantial Enova funding to propel its transition to ammonia-powered vessels. With nearly $14 million (NOK 146 million) in funding, the company aims to power two of its vessels with this alternative, eco-friendly fuel. This funding signifies significant progress towards Höegh's vision of making its Aurora Class the world's first PCTC vessel to operate on ammonia.

Höegh Autoliners has already ordered 12 Aurora Class vessels, designed to transport rolling cargo and general solo cargo. Each vessel is equipped with engines capable of running on liquefied natural gas (LNG) and low-sulfur oil, and certified as ammonia-ready by DNV.

The Enova funding, allocated to two of Höegh's planned ammonia vessels, underscores the company's commitment to environmental leadership and collaboration with key industry stakeholders. Andreas Enger, Höegh Autoliners' CEO, emphasized the importance of demonstrating the viability of clean ammonia as a zero-emission shipping fuel and signaling demand for carbon-neutral alternatives.

Enger expressed gratitude for Enova's support, noting its instrumental role in derisking the decision to adopt zero-carbon vessels. With most Höegh Autoliners vessels sailing under the Norwegian flag and boasting significant Norwegian content, Enger highlighted the company's close ties to Norway's maritime cluster.

 

The Enova funding injection, coupled with Höegh Autoliners' innovative vessel design, marks a crucial step towards a sustainable shipping future, aligning with global efforts to combat climate change and reduce maritime emissions.

 

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