Germany takes next step in promoting LNG as maritime fuel

Germany has taken another step forward in promoting the use of liquefied natural gas (LNG) as a marine fuel.

The country’s Federal Ministry for Transport and Digital Infrastructure announced earlier this year a new stimulus programme under which Germany would subsidize the conversion and newbuild construction of ocean-going vessels to LNG as fuel.

The ministry issued a statement on Wednesday saying that German companies looking to switch to LNG as fuel can now submit their applications online.

The main aim of the BMVI funding program is to promote the use of “clean-burning” LNG within the German maritime shipping industry.

The funding is provided under the Mobility and Fuels Strategy as Germany aims to reduce its greenhouse gas emissions by 40 percent by 2020 and up to 95 percent in 2050.

Under the program, around 278 million euros will be in total granted to companies willing to switch to the chilled fuel by 2020.

Depending on the size of their project, companies could receive funding of up to 60 percent of the total costs of the project, according to the ministry.

The applications can be submitted by February 28, 2018.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Posted on December 13, 2017 with tags .

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

33rd International Scientific & Expert Meeting of Gas Professionals

It is our pleasure to invite you to register your participation on the largest international symposium…

read more >

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >

CWC China LNG and Gas Summit & Exhibition 2018

The Only International Event to Meet the New Chinese LNG Buyers

read more >

9th SCADA World Summit 2018

The 4-day conference event’s key highlights will include case studies from leading energy & utilities companies, interactive discussions…

read more >