The holiday season is upon us and we would like to take a moment to reflect on the past year and those who have contributed to shaping our business in 2019.
A year is added to the history of Eltronic Fueltech - our first year as an independent company! An eventful 2019 filled with projects, orders and exciting events. It has been a pleasure experiencing the great support from all of you throughout the year.
In 2019, we welcomed a new Board of Directors at Eltronic Fueltech. With Thomas S. Knudsen and Per Nykjaer Jensen on board, we have a strong team with extensive experience and knowledge from the maritime industry. We are convinced that our new team will strengthen Fueltech and contribute to our continued growth.
Thank you to the former Board of Directors who have supported us along the way, we really appreciate your big efforts!
Increased focus on sustainability
This year we have also experienced a significant interest and demand for our solutions to the maritime industry, as the global response to the effects of pollution and global warming is to adopt even stricter rules for emissions. Especially, our newly developed Fuel Valve Train for Liquified Petroleum Gas has been well received by the market. LPG combustion results in approximately 16% lower CO2 emissions than those of HFO as well as a significant reduction in SOx and NOx emissions.
In 2019, we also celebrated that 63 ships are now in service using our Gas- and Fuel Valve Trains to ensure safe and stable operations. These vessels have collected an impressive ½ million running hours on alternative fuels! We are very happy and proud to be contributing to this positive development for a lower carbon footprint.
Around the world
During the year, we have also participated in some very exciting exhibitions and events all over the world! We have exhibited at Sea Asia in Singapore, Kormarine in Korea and Marintec in China – moreover, we have visited the Seatrade Cruise Global trade fair in USA as well as the Seatrade Europe exhibition in Germany. We are happy that so many of our business partners took their time to visit our booth and it has been a true pleasure to be a part of this special collaboration.
We are really looking forward to 2020, where we, among other things, will be attending at the SMM Exhibition in Hamburg and visiting Sea Japan and Posidonia Greece. We hope to see you all there!
Expectations of 2020
At Eltronic Fueltech, we are looking into a promising 2020! The GVT market is slowly rising, and we have great expectation for our FVT LPG. In the new year we will also be investigating the use of other alternative fuels to continuously meet the market demands as well as the demands for cleaner fuels in the future.
Finally, we would like to take this opportunity to thank you all for your partnership! We hope that 2019 has been just as memorable for you and your colleagues as it has for us, and we are looking forward to a continued and prosperous collaboration in 2020.
Wishing you all a Merry Christmas and the very best in the New Year!