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Eurazeo backs Samskip’s hydrogen-powered newbuilds with €22.5 million investment

Home Green Marine Eurazeo backs Samskip’s hydrogen-powered newbuilds with €22.5 million investment

December 13, 2023,

Jasmina Ovcina Mandra

Dutch logistics company Samskip Community has secured financing for its zero-emission short-sea container vessel thru a strategic partnership with Eurazeo and Ness, Risan & Companions (NRP).

Image by Naval Dynamics

The €22.5 million funding, share of the Eurazeo Sustainable Maritime Infrastructure (ESMI) fund, marks the fifth transaction for the initiative.

The vessel, on the general acknowledged because the Samskip SeaShuttle, is currently beneath construction at Cochin shipyard in India, and is expected to be dropped at Samskip within the second half of 2025. Once delivered, this vessel will be one of the fundamental enviornment’s first and supreme vessels to be propelled with a hydrogen propulsion machine.

The Samskip SeaShuttle will be fueled by inexperienced hydrogen within the ports of Oslo and Rotterdam, step by step built-in within the vessel’s energy mix from 2026 onwards to enable it to be fully carbon neutral from 2030. This is capable of perchance also simply designate it one of the fundamental enviornment’s greenest vessels ever built, meeting all ESMI’s criteria and exceeding the fund’s targets in phrases of GHG emission reduction needs and credit risk profile as effectively.

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“Being ready to augment an established participant bask in Samskip, with a focal point on European intra-alternate and logistics actions, constitutes a landmark transaction for our ESMI fund. It’s a colossal quite quite lots of to be a aspect of this form of sustainable vessel project that’s expected to be carbon neutral by 2030, hence contributing to the alternate’s goal to be find zero GHG emissions by 2050,” Sylvain Makaya, Accomplice – Asset-based fully mostly, and Guillaume Branco, Funding Director – Asset-based fully mostly, acknowledged.

“With this landmark transaction, we’re reaching our goal to invest discontinuance to 50% of our first ESMI fund by 2023. We inquire of the ramp-up share to continue all the blueprint thru 2024 with the target to prepare the second skills of this fund.”

The strategic companions on the ESMI fund included Elbe Monetary Alternate choices who acted as financial & maritime marketing consultant, origination marketing consultant NRP, Simonsen Vogt Wiig as apt marketing consultant, and technical & ESG marketing consultant Bureau Veritas Alternate choices Marine & Offshore.

“The must tempo up sustainability is paramount in this day’s abruptly altering world. Ready is simply no longer an choice. At Samskip, we in fact feel an ethical accountability to pioneer for sustainable alternatives. Constructing energy-ambiance pleasant vessels that explain vastly much less energy is serious to our future, as there could be now not any longer ample energy on the planet to plan renewable gasoline for the complete lot we plan,” Kari-Pekka Laaksonen, Community CEO Samskip, acknowledged.

“Attributable to this truth, it is miles that if truth be told colossal that we receive the make stronger of Eurazeo in financing the main Samskip SeaShuttle. We predict we can supreme be winning after we if truth be told collaborate. The make stronger of Eurazeo is a colossal example of the roughly collaboration that’s fundamental to designate an efficient energy transition.”

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Samskip ordered two 135-meter ships earlier this year. The duo will be powered by a 3.2 MW hydrogen gasoline cell every, with diesel mills installed for backup. They’re going to furthermore possess an onboard hydrogen gasoline storage facility and be fitted with azimuth thrusters for propulsion and excessive maneuverability.

The vessels, capable of carrying around 365 forty five-feet prolonged excessive dice containers, are supposed to wait on the European market the establish sustainable transportation alternatives are in excessive seek recordsdata from.

Samskip, which targets to enact find zero by 2040, anticipates that every vessel will be ready to steer sure of around 25,000 a complete bunch CO2 emissions a year when powered by gasoline cells and by the utilization of inexperienced shore vitality on the port of name.

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