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Project SEANERGY Foundation Brief

The Project SEANERGY Foundation plans to support the development of the Arctic Passage and its communities in a profitable and environmentally sound manner and based around two main axis: 1) A new breed of zero emission maritime transport system, 2) The market value of replacing fossil fuel with renewable fuel.

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Project SEANERGY Foundation Brief

  1. 1. <ul><li>A profitable approach to coming challenges </li></ul><ul><li>in the Arctic </li></ul>Arctic Ocean Northern Passages NERGY S E A
  2. 2. <ul><li>The SEA NERGY Foundation plans to support the development of the Arctic Passage and its communities in a profitable and environmentally sound manner and based around two main axis: </li></ul><ul><ul><li>A new breed of zero emission maritime transport system </li></ul></ul><ul><ul><li>The market value of replacing fossil fuel with renewable fuel </li></ul></ul><ul><li>To communicate and structure this market opportunity are the preferred means enabling the SEA NERGY Foundations' vision of the creation of the world’s first Green Industrial Zone. </li></ul><ul><li>This document presents this vision. </li></ul>The Seanergy Foundation
  3. 3. Agenda <ul><li>Ice Cap Meltdown Consequences </li></ul><ul><ul><ul><li>Maritime transit of vessels </li></ul></ul></ul><ul><ul><ul><li>Economic & industrial development </li></ul></ul></ul><ul><li>Northern Renewable Energy Potential </li></ul><ul><li>Challenges and Goals </li></ul><ul><li>Seanergy - leads the way </li></ul><ul><ul><ul><li>- is market-driven </li></ul></ul></ul><ul><li>- a five-year Project </li></ul><ul><li>- Project s’ Phases </li></ul><ul><li>- call for support </li></ul>
  4. 4. Ice Cap Meltdown Consequences <ul><li>The North West Passage is 2600 km long and represents 20 to 50% less distance than other routes between Asia and Europe. </li></ul>Receding ice caps will allow year round access to resources and a new naval route .
  5. 5. Ice Cap Meltdown Consequences <ul><li>Maritime transit of thousands of cargos and oil vessels </li></ul><ul><ul><li>To take advantage of economies of scale (17%max), a growing number of larger vessels now transit via the Cape Horn or the Cape of Good Hope routes* </li></ul></ul><ul><ul><li>By 2011, 37% of containerships will be unable to pass through the Panama Canal* </li></ul></ul><ul><ul><li>The Northwest Passage represents 40 to 50% less distance between Osaka and London then the cape routes. </li></ul></ul><ul><ul><li>The current dumping practices of the global maritime transport system represent two major oil spills per year. </li></ul></ul><ul><li>Increased industrial and economic </li></ul><ul><li>development </li></ul><ul><ul><li>Natural resources exploitation </li></ul></ul><ul><ul><li>Local transport, services and support </li></ul></ul><ul><ul><li>Local community development </li></ul></ul><ul><ul><li>*Sources: Panama Canal at </li></ul></ul>
  6. 6. Renewable energy & grid location 80% of the potential is in regions presently impacted by winter ice conditions. Distribution of mean potential power by regions within Canada. The UK technically extractable tidal stream resource is ~2000 MW ± 30%, which is roughly 5% of current UK electricity and 18 millions tons of CO2 less per year . <ul><ul><li>Source: Canada Ocean Energy Atlas, May 2006 </li></ul></ul>A potential Tidal Current Energy of 42000 MW . 29595 MW in the Hudson Strait only. Source s : Grid
  7. 7. Challenges and Goals <ul><li>The development of the Arctic Passage and surrounding regions as naval route and new sources of energy and natural resources implies a certain number of challenges: </li></ul><ul><ul><li>Minimize impact on the regions’ eco-system </li></ul></ul><ul><ul><ul><li>Preserve the environment </li></ul></ul></ul><ul><ul><ul><li>Implant an eco-friendly energy supply-chain throughout the region </li></ul></ul></ul><ul><ul><ul><li>Provide resources to regulate and monitor maritime traffic </li></ul></ul></ul><ul><ul><li>Maximize benefits to the global eco-system by </li></ul></ul><ul><ul><ul><li>Reducing GHG associated with maritime transport </li></ul></ul></ul><ul><ul><ul><li>Promoting the Passage as the economical and secure route between continents </li></ul></ul></ul><ul><ul><ul><li>Allowing passage of ships without size restrictions </li></ul></ul></ul><ul><ul><li>Support the parallel development of the regions’ economy </li></ul></ul>
  8. 8. Tidal based Hydrogen <ul><li>GreenshipsLine </li></ul><ul><li>Use of Tidal energy to power vessels </li></ul><ul><li>Zero-Emissions Maritime System. </li></ul><ul><li>Energy supply and use. </li></ul><ul><li>Stable energy costs. </li></ul><ul><li>Industries </li></ul><ul><li>Accrued transport requirements </li></ul><ul><li>Delivery of produced goods </li></ul><ul><li>Procurement </li></ul><ul><li>Increasing energy needs </li></ul><ul><li>Exploitation </li></ul><ul><li>Transformation </li></ul><ul><li>Communities </li></ul><ul><li>Increasing energy needs </li></ul><ul><li>Sustained development of supply chain for resource exploitation and transportation support services </li></ul><ul><li>Hydrogen production monitoring & maintenance </li></ul>Locally produced renewable energy that benefits and answers the requirements of Seanergy wants to demonstrate the economic viability and advantages of replacing maritime transportation energy needs with the localized production of renewable energy. This eco-friendly approach will minimize environmental impact on the Northwest Passage and Arctic region. Seanergy leads the way Full-spectrum implementation and use of locally produced green energies
  9. 9. Primary Market for Tidal Hydrogen To supply the energetic requirements of thousands of vessels moved over thousands of kilometres. Fuel Replacement: a prosperous market and attractive R.O.I. Revenues generated from the replacement of fossil fuel in ships will exceed those that could be generated by the conversion of Tidal power into electricity. Transportation infrastructure and costs associated with T idal hydrogen are minimal compared to those associated with T idal electricity. Cost-efficiency: larger boats, shorter distances, cheaper fuel will attract operators and commitments. The prospect of stable long - term production costs and immediate access to captive markets, will draw funding from venture capital, private funding and public funding. S eanergy is market - driven
  10. 10. <ul><li>To create and communicate this market opportunity, to trigger interest, to gather commitment and investment from fleet operators, energy producers and maritime service providers. </li></ul><ul><li>Three successive strategic phases: </li></ul><ul><ul><li>Communication </li></ul></ul><ul><ul><li>Preparation </li></ul></ul><ul><ul><li>Deployment </li></ul></ul><ul><li>The first step is to create a Foundation that will deliver the operational support required by the Seanergy Project objectives. </li></ul><ul><li>A Foundation capable of focusing, structuring and organizing coherent approaches that will initiate immediate and mid-term actions to support the Projects’ stated objectives. </li></ul><ul><li>Although the Foundations' involvement in the Seanergy Project will gradually cease during the course of Phase Two, its' role in spearheading the initiative and giving it momentum is fundamental . </li></ul>Seanergy: a five-year project
  11. 11. <ul><li>Phase 1 Communication </li></ul><ul><ul><li>Gather collaborative key industrial players, </li></ul></ul><ul><ul><li>Gather financial markets attention and support </li></ul></ul><ul><ul><li>Create ties with existing initiatives in other parts of the world </li></ul></ul><ul><ul><li>Create momentum for the implementation of a sustainable development plan for the region and its’ communities </li></ul></ul><ul><li>Phase 2 Preparation </li></ul><ul><ul><li>Establishing a sequence of objective </li></ul></ul><ul><ul><li>Preparation of policy guidelines, </li></ul></ul><ul><ul><li>Demonstration and presentation of technical solutions </li></ul></ul><ul><ul><li>Environmental impacts studies </li></ul></ul><ul><ul><li>Develop Sound business models </li></ul></ul><ul><li>The body of work gathered in the preparation phase should be followed-up by engaging potential key players to committing resources and capital to the actual deployment of the project. </li></ul><ul><li>Phase 3 Deployment </li></ul><ul><li>Actual deployment should follow in accordance with the requisites established by our Foundation in the preparatory phase, and undertaken by enlisted participants within the private and public sectors. </li></ul>S eanergy Phases
  12. 12. <ul><li>We are currently out of the conceptual stage. </li></ul><ul><li>In order to kickoff the deployment of the First Green Industrial Zone on Earth, the Seanergy Foundation is seeking the following: </li></ul><ul><li>A Spokesperson who shares our beliefs and our vision; whose prominence can draw attention to and create interest in the Project; attract potential participants and funding from a wide array of socio-economic sectors, both public and private. </li></ul><ul><li>Founding members for the initial Steering committee </li></ul><ul><li>Staffing </li></ul><ul><li>Funds to finance the Foundations’ first Phase of activities </li></ul>S eanergy : Call for support
  13. 13. CONTACT Stefan Bumbaru Proposer Montréal, Quebec, Canada p 514.884.6086 @ [email_address] T @ ProjectSeanergy NERGY S E A