SCANSHIP HOLDING ASA : SCANSHIP ACQUIRES ETIA - BROADENS TECHNOLOGY PORTFOLIO, STRENGTHENS ACCESS TO LAND-BASED MARKETS
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§Scanship Holding ASA through its subsidiary Scanship AS (Scanship) has
today entered into a share purchase agreement (Agreement) for the
acquisition of ETIA Ecotechnologies (ETIA or the Company).
Scanship and ETIA will jointly target all markets where pyrolysis can be
deployed to convert organic waste, biomass, plastic and polymers into
energy, fuels, biogenic materials or molecules for the purpose of
decarbonizing energy, capturing carbon, valorising waste and creating
end-of-waste solutions. The parties have the ambition to create a market
leading supplier in the industries that will be addressed.
Over the past years, we have built on Scanships position as the preferred
supplier of waste management and wastewater purification solutions for
cruise ships, we have moved into aquaculture and now most recently, also
will deliver our first full-scale land-based solution. We have proven our
ability to integrate advanced technology in commercially attractive
solutions and profitable deliveries. The acquisition of ETIA is a logical
next step. With the broader technology portfolio of ETIA, we will now
expand our offering of land-based solutions, says Henrik Badin, CEO of
Scanship Holding ASA. He continues:
ETIA is European technology leader to valorise biomass residues and waste
into renewable products, chemicals and fossil free energy through pyrolysis
solutions. ETIAs proven solutions for turning waste into valuable green
products and climate friendly energy fit well with our ambitions to become
a leading player in the circular economy, both at sea and on land, says
Henrik Badin, CEO of Scanship Holding.
Circular economy has been a key motivating factor for ETIA since the
companys inception in 1989. Like Scanship on marine applications, we have
developed on-land compact solutions that capture valuable resources,
prevent pollution and produce energy. Climate change and environmental
issues must be addressed both on a global and local level, and our
solutions can be adapted for both municipal and industrial applications.
Scanship and ETIA share the same vision for the future, and we are
impressed by Scanships proven skills and competences for system
deliveries. By joining forces, we are making our combined offering even
stronger, says Dr. Olivier Lepez, Co-Founder and CEO of ETIA.
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