Yara Marine Technologies

Overview
Shipping Tech?
Product stageSegments
Early
?
Green ships-related tech
?

Yara Marine Technologies (YMT) was a leading provider of green technologies for the maritime industry. The company offered a wide portfolio of innovative solutions to address emissions challenges, including exhaust gas cleaning systems (scrubbers), vessel optimization, wind-assisted propulsion, and shore power systems. YMT's scrubbers allowed ship owners to continue using high-sulfur fuel while complying with emissions regulations, providing a cost-effective alternative to low-sulfur marine gas oil.

In February 2024, Yara Marine Technologies was acquired by Okapi Supply Trading Advisory, a part of the Swiss-African Okapi Energy Group, as Yara refocused its business strategy on sustainable food solutions and clean ammonia. YMT's scrubber systems had seen a significant increase in demand, with the company approaching 100 orders by 2015 and capturing a majority share in the cruise ship market, including the Norwegian Cruise Line fleet. The company also had a strong foothold in the cargo market.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Drammensveien 134 Building no.6 Oslo NOR
Founded year:
2008
Employees:
101-250
IPO status:
Private
Total funding:
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Last Funding:
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Last valuation:
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