Alfa Laval and Wallenius Will Form 50/50 Joint Venture- Alfawall Oceanbird
June 29, 2021 at 02:30 am EDT
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Alfa Laval and Wallenius will form a 50/50 joint venture - AlfaWall Oceanbird - that will supply innovative wind propulsion solutions for cargo vessels and other ship types. The agreement was signed on June 28, 2021. The plan is to have the first Oceanbird system onboard a vessel within five years. The International Maritime Organization (IMO) has targeted a 50% reduction of vessel-related greenhouse gas emissions by 2050. Many countries and companies have already set decarbonization targets beyond the ones from the IMO - and the industry is in period of rapid change. To support the transformation towards more sustainable shipping, Alfa Laval continues to develop its toolbox of products and solutions for the industry. As part of this commitment, Alfa Laval is now joining forces with the Wallenius Group in the joint venture: AlfaWall Oceanbird. The joint venture is subject to customary merger clearance from relevant regulatory authorities. AlfaWall Oceanbird, will develop wind propulsion technologies valid for any vessel type. The first installation will be implemented on a transatlantic car carrier with a capacity of 7,000 cars, and with an average speed of 10 knots it will cut emissions by up to 90% compared to today's most energy-efficient vessels, thereby supporting the maritime industry's shift towards zero-emission shipping. While the technology is initially developed for cargo vessels, the ambition is to expand it to cruise liners and other vessels based on market demand.
Alfa Laval AB specializes in the design, manufacturing and marketing of equipment and industrial systems for heating, cooling, separating and transporting of substances (oil, water, chemical and food substances, drinks, drugs, etc.). The activity is organized mainly arounf two families of products:
- solid and liquid treatment systems: systems for cooling, evaporation, extraction, drying, etc. intended primarily for the food processing, pharmaceutical, petrochemical, and energy sectors;
- production process equipment: decanters, heat exchangers, pumps, valves, air and liquid filtration systems, etc.
Net sales are distributed geographically as follows: Sweden (2.2%), Europe (32.5%), China (14.1%), South Korea (5.5%), Asia (18.2%), United States (16.7% ), North America (2.1%), Latin America (5.6%), Africa (1.9%) and Oceania (1.2%).
ALFA LAVAL AB 
