INVESTING IN INNOVATION
Daphne Technologies
We have invested in Daphne Technologies, a Swiss-based company developing an innovative technology that removes pollutants from exhaust gas and converts them into non-hazardous by-products.
Reducing greenhouse gas emissions (GHG) is a big challenge for industries such as deep-sea shipping where pure electrification is not a viable option.
There is no simple solution to this problem and shipping will need a range of options to decarbonise.
As one of the world’s largest charterer of vessels we have a key role to play in helping the industry find answers. That’s why we have invested in Daphne Technology.
The Swiss-based company is developing innovative cleaning systems that can remove a range of toxic pollutants and greenhouse gases from engine exhausts.
Daphne’s convertor kits break down pollutants and GHGs, converting them into non-hazardous by-products that can either be released into the environment or transformed into other products.
And for vessels powered by liquefied natural gas, Daphne’s system can capture unused methane that escapes from an engine’s combustion chamber – so-called ‘methane slip’. In September 2023, the company announced a major pilot initiative to test its SlipPure™ system on a liquefied natural gas (LNG) carrier, aiming to reduce methane emissions. In addition, Daphne has developed an emission measurement tool – which paired with their emission reduction kit – will ensure vessels meet their carbon intensity targets and avoid expensive penalties.
