Clean Marine ASPresentingExhaust Gas Cleaning SystematShortsea shipping seminar 20th June 201321 June 2013 1
Clean Marine AS• Company created in 2006 - one of two founders of EGCS Association• Invested more than USD 20 mill in EGCS development• Pioneering and patented multi stream and hybrid system• 20+ employees with deep maritime and process expertise• HQ in Oslo, Norway• The major shareholders are well-reputed maritime investors:– Klaveness Invest AS (Klaveness Marine)– Nanga Partnership L.P. (advised by Smedvig Capital)– AS Atlantis Vest (Rieber)21 June 2013 2
With proven technology and the recent contract withSamsung / AET we are well positioned for sales growth• Contracts:– MV Balder: EGCS installed 2012/2013 and is now fully certified– Samsung / AET – 2 x 120k dwt. shuttle tankers to be delivered Q4 2014 + Q1 2015• Main focus – bulk, tankers, Ro-Ro, PCTC, containers• A growing agency network in Europe and Asia will facilitate sales & after service21 June 201310 exhaustsources (2xME,5xAE, 3xBoiler )served by oneEGCS!Agent established / under discussion
Only 19 months left for ship owners to complywith the IMO Annex VI Sulfur requirements3,5 %0,5 %0,1 %1,0 %2015 2020 2025ECAGLOBAL• Local requirements willprobably be aligned withECA• Legislation for EU Portsand California presentlyrequire 0,1% sulfurcontent4,5 %TodaySulfur in fuel2015 2020 2025(*)Pending fuelsituation in 2018(*)8,000 vessels affected?60,000 vessels affected?
The business case for installing an EGCSOptions for compliance with regulations:1. Switch to distillate (MGO) – pay the extra fuel bill2. Install EGCS – continue operation on HFO3. Switch to other fuel types (LNG or LPG) – limited supplyOptimal choice depend on:1. How much the vessel will be trading in ECA2. The power (MW) and fuel consumption of the vessel3. Assumed price difference between MGO and HFO21 June 2013 5Example:10MW vessel trading in ECA and USD 300 fuel spread gives fuel cost = USD 3,4 mill./yearEGCS price: USD 2,6 mill + Installation cost USD 0,8 mill = USD 3,4 mill.ECA%Payback(years)20% 40% 60% 80% 100%12345678910Price diff. < 300Price diff > 300
Various products and applications21 June 2013 9
Clean Marine EGCSMain Engine21 June 2013BoilerAux. EngineGasrecircFansP0P1AVCTrue multi stream• Zero back pressure• No blockage riskHigh trapping efficiency• SOx• PMHybrid – open / closed loop• Seamless operation• High pH in washwaterEasy to operate and monitor• Excellent noise abatement• Self cleaning• Installation friendly
Rules, Certification, Limits• Rules and regulations: IMO Guideline, ClassGuidelines, Regional/Local regulations (EU directive,VGP US)• Certification: Scheme A or Scheme B (monitoring)• Monitoring:– SO2/CO2 (97-98 % reduction required)– pH (6,5 at 4m from outlet, 6 at outlet suggested by VGP)– Turbidity (Diff In/Out 25 FNU)– PAHphenantrene equiv. (Pending amount of water per MW)21 June 2013 11