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EC Qualifies Spain’s Baleària LNG Project As “excellent”

EC qualifies Spain’s Baleària LNG project as “excellent”

EC Qualifies Spain’s Baleària LNG Project As “excellent”

Valencia, Spain (PortSEurope) October 11, 2018 – The European Union has described as “excellent” the project that Spanish ferry company Baleària Eurolínias Marítimas S.A. has submitted to the call of the Connecting Europe Facility (CEF) fund, whose objective is to replace the engines of five ferries so that they can be fed with liquefied natural gas (LNG). 

The European Commission has granted to the company a grant of a maximum of €11,797,424 ($13,645,348.9), which represents 20% of the investment that Baleària will make in these five refits, which will be carried out from the end of this year until 2021. 

The president of Baleària, Adolfo Utor, has shown his satisfaction for this concession, which supports the main challenge of the shipping company: to implement in the next years the use of LNG in the fleet. 

“Our goal is to become the shipping company with the most sustainable and eco-efficient fleet in the sector”, said Utor, who recalled that, in addition to the five vessels that will be modernised, in the next few months, the company will add to its fleet the first of the two smartships propelled by LNG that are being built in the Italian shipyard Cantiere Navale di Visentini.

Source: Diario del Puerto

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