NORWAY

TECO 2030 Signs Supply Frame Agreement with Chemgas Shipping

Thursday, October 14, 2021 - 10:02am

LYSAKER, NORWAY / ACCESSWIRE / October 14, 2021 / Norwegian maritime cleantech company TECO 2030 ASA (OTCQB:TECFF) has signed a supply frame agreement with the Dutch shipowner Chemgas Shipping BV.

Key Points: 
  • LYSAKER, NORWAY / ACCESSWIRE / October 14, 2021 / Norwegian maritime cleantech company TECO 2030 ASA (OTCQB:TECFF) has signed a supply frame agreement with the Dutch shipowner Chemgas Shipping BV.
  • Chemgas Shipping plans to install fuel cell modules from TECO 2030 on up to 120 transport barges and between 40-60 tugboats.
  • "We are thrilled that Chemgas Shipping has chosen to cooperate with TECO 2030 on this ambitious and important project, and that we have now been able to progress from a letter of intent to a supply frame agreement," says Tore Enger, CEO of TECO 2030 ASA.
  • "The economic potential of this framework agreement is large for TECO 2030 and may lead to revenues of up to 150 million Euros over the next three to eight years," Enger adds.