8.12.2020 06:30:01 CET | TECO 2030 ASA | Non-regulatory press releases



The TECO 2030 Future Funnel is a revolutionary marine emission reduction
system

developed to comply with not only existing but even upcoming and far stricter

regulations in the marine industry.



"TECO 2030 Future Funnel is a unique concept of next generation marine
emission

reduction system. The system will be ready for future regulations, and in
line

with the initial IMO Greenhouse Gas (GHG) strategy. The Future Funnel will
allow

ships to reduce sulphur oxides, nitrogen oxides, black carbon and particulate

matter emissions. In addition, the system will be equipped with carbon
capture

and storage capabilities. The unique Future Funnel solution can provide

shipowners with "Ultra Low Emission Vessel" (ULEV) notation. Since more than
40

percent of the fuel mix in 2050 is expected to be fossil fuels, the Future

Funnel will be a significant contributor to the IMO GHG goals," said Tore
Enger,

CEO of TECO 2030 ASA.



The concept builds on the first generation TECO 2030 Future Funnel with

additional developments. Integration of the additional emission reduction

modules will start in early 2021



The system is being developed in close collaboration with TECO 2030's
long-term

partner AVL in Austria.



"This will be the most comprehensive emission reduction system for shipowners

looking towards future proofing their vessel operations on fossil fuel. The

concept enables shipowners to receive Ultra Low Emission Vessel (ULEV) and
Low

Emission Vessel (LEV) class notation even when running on high sulphur fuel
oil.

This technology will also be an add-on to vessels that already have installed

exhaust gas cleaning systems," said TECO 2030's Chief Development Officer,
Mr.

Shyam Thapa.



TECO 2030 is proud to publish its newest video showing the vision of its next

generation technology, the TECO 2030 Future Funnel. Please view the new TECO

Future Funnel video: https://youtu.be/zcWr4TmGjYc.



For more details and participation in this project please contact TECO 2030 at


futurefunnel@teco2030.no



TECO 2030 ASA's CEO Tore Enger will participate at the Decarbonizing Shipping

Virtual Forum on December 15th at 13:50 (CET) to talk about "The Pathways to

Decarbonization". Please visit their website for more information: 

https://virtualshippingforum.com/.



CONTACTS



 * Tore Enger, CEO, +4792083800, tore.enger@teco.no 



ABOUT TECO 2030 ASA



TECO 2030 (OSE: TECO-ME) aims to tackle one of the biggest environmental

challenges of our time: How to combine growing global shipping volumes with

reduced emissions. We believe the shipping industry can move to zero
emissions

by implementing new technologies, with hydrogen-based fuel cells as the
ultimate

solution. TECO 2030 - powering the maritime industry's transition to
renewable

energy. [http://www.teco2030.no]



ATTACHMENTS



 * Download announcement as PDF.pdf

  
[https://kommunikasjon.ntb.no/ir-files/17847477/203/235/Download%20announceme

   nt%20as%20PDF.pdf]

 * 08122020 TECO2030 Press release.pdf

  
[https://kommunikasjon.ntb.no/ir-files/17847477/203/234/08122020%20TECO2030%2

   0Press%20release.pdf]

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