Photo: Artemis Technologies Commodity trading house Gunvor Group has made an investment in Artemis Technologies in a move to develop nonhydrocarbon solutions to maritime transportation.
The investment by Gunvor follows the recent award of a GBP33m UK government innovation grant to the Artemis Technologies-led Belfast Maritime Consortium, which aims to develop zero-emission high-speed ferries.
“Artemis Technologies is working on a number of compelling innovations that will help decarbonise the maritime sector at a time when there is growing demand for low carbon alternatives,” said Torbjorn Tornqvist, chairman of Gunvor Group. “Gunvor has committed to reduce the carbon footprint of the commodities we’re trading and our industrial processes, as well as to explore relevant commercial opportunities. There is no silver bullet to the climate change issue. Many solutions are needed.”
Gunvor invests in Artemis Technologies December 17, 2020, by Jasmina Ovcina
Commodity trader Gunvor Group has made an investment in Artemis Technologies as a part of the company’s commitment to developing nonhydrocarbon solutions to maritime transportation.
Image by Artemis Technologies
The investment by Gunvor follows the recent award of a £33 million ($ 44.8 million) UK Government innovation grant to the Artemis Technologies-led Belfast Maritime Consortium, which aims to develop zero-emission high-speed ferries.
The award pushed the total project investment close to £60m ($75 million) over the next four years. Related Article Posted: 9 months ago
Artemis Technologies, founded in 2017, is an applied technologies spin-off of the Artemis Racing sailing team, which competed in the 34th and 35th editions of the America’s Cup.