Pherousa is the new and simplified name of Pherousa Green Technologies at the same time as Metacon SA, a wholly owned subsidiary of swedish Metacon AB, has signed a new exclusive license agreement with Pherousa for their ammonia cracking technology for use onboard vessels. A prototype of the technology was developed and successfully tested in 2022 by Metacon and Pherousa.
Metacon SA has further strengthened their shareholding in Pherousa to about 35%. Cordia AS, a Norwegian entity ultimately controlled by the Chairman of Pherousa, Mr Hans Bredrup, has simultaneously increased its shareholding to approximately 50%.
Prior to the transactions, Pherousa has also acquired and fully integrated the previously independent company Pherousa Green Shipping AS, of which operations include the construction of six large hydrogen powered cargo vessels based on the Finnish shipbuilder Deltamarin's Ultramax model. In 2024, Pherousa's operations have continued, in close collaboration with two of the world's largest marine classification societies, examining the design with focus on being able to provide a so-called Approval in Principle (AiP) for Pherousa's and Metacon's ammonia-based technology for ships.
Within the framework of Metacon's and Pherousa's developed business strategy, Metacon SA has also entered as a full project partner in the EU-funded technology project Safecraft (https://safecraft.eu/) consisting of 11 different parties from six different countries and through this receives project funding of approximately EUR 265 thousand over 36 months.
In addition, Pherousa is also engaged in two retrofit projects, thus the core technology can be applied in any segment and type of vessel, within the marine industry, be it with PEM Fuel Cells, Pilot Fuel in an ICE or directly to a hydrogen fuelled engine.
For further information, please contact Hans Bredrup, by phone +47 90 95 11 29 or e-mail hans@pherousa.no
To read the press release from Metacon, visit www.metacon.com
About Pherousa
Pherousa AS is Norwegian technology transfer company within the maritime industry. Pherousa develops its own technology and offers consulting services to help their customers navigate through the transition to ZERO emissions.
Pherousa is continuously developing advanced solutions for efficient and ZERO emission shipping. A key measure of the feasibility of zero-emission shipping is whether ships can carry enough fuel to service existing legs and voyages. With hydrogen being the only realistic option for such ZERO emissions, this is still a challenge for deep-sea such as trans-atlantic and trans-pacific shipping routes. Due to compressed hydrogen’s limited volumetric energy density, storing hydrogen for voyages longer than a couple of days is a major challenge. In addition, bunkering infrastructure for hydrogen does not exist yet. In these situations, green ammonia could be the only viable carbon-free solution.
For more information please see: www.pherousa.no | LinkedIn: www.linkedin.com/company/pherousa-as/
About Metacon AB (publ)
Metacon AB (publ) develops and manufactures energy systems for the production of fossil-free "green" hydrogen. The products in the Reforming business unit are based, among other things, on a patented technology that generates hydrogen through catalytic steam reforming of biogas or other hydrocarbons. The development of Metacon's reforming products is carried out within the wholly owned subsidiary Metacon S.A in Patras, Greece. The business is focused on catalytic process chemistry and advanced reformers for high-efficiency hydrogen production.
Metacon also offers complete electrolysis plants to produce hydrogen and integrated hydrogen refueling stations, a large and globally growing area within green hydrogen. Electrolysis is a process of driving a chemical reaction to split water by adding electricity. If the electricity used is fossil-free, the hydrogen will also be fossil-free and climate-neutral (“green”). Green hydrogen can be used in the transport sector, basic industry and the real estate sector, among others, with a better environment and climate as a result.
For more information please see: www.metacon.com | X: @Metaconab | LinkedIn: www.linkedin.com/company/metaconab
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