NEOT is working to reduce the environmental impact of oil products within the supply chain by utilising new and energy-efficient technology to reduce current emission levels in the Baltic Sea’s emission control area. In addition to other emissions we are also aiming to comply with IMO’s Tier III limit for NOx.
LNG technology will help us sustain continuous operations in the Baltic Sea region by meeting the demands of Sulphur Emission Control Area (SECA). New requirements are binding since the 1st January 2015.
Terntank Rederi AS ordered four new LNG-driven 15,000 DWT product tankers. Two out of these four have been contracted to NEOT and the first vessel was delivered in August 2016 and the last one will be delivered December 2016.
These new vessels will be able to meet all future regulations. The vessels emission of particles will be reduced by more than 90%, NOx by 80% and CO2 by 35% and the vessels will be built in accordance with IMO Tier III regulations. The newly built ships will also reduce greenhouse gas emissions by 35 to 40 percent compared to conventional tankers today.
LNG powered vessels will prove to be a good solution for the Baltic Sea area in the future. LNG availability in the Baltic region is already now available widely and its development will be key issue in order to fully utilize the environmental benefits of the new vessels ordered also by other ship owners.
This LNG project is called Baltic SO2lution and its application was granted EU support in, therefore this project is co-financed by EU. More information can be found via Zero Vision Tool, which is the project's reporting page.