Yara Marine acquisition ramps up green aims

Yara Marine Technologies, a front-runner in the development and implementation of emissions reduction technologies in the maritime industry, has acquired Gothenburg-based Lean Marine.

Lean Marine offers a combination of direct, real-time fuel optimisation and data analysis over time. This improves operational efficiency, says Yara Marine Technologies, with potential fuel consumption and CO₂ emission savings of up to 25 percent.

Lean Marine will continue to offer FuelOpt and Fleet Analytics as part of Yara Marine’s portfolio of green technologies for the maritime industry, and these offerings will be backed by Yara Marine’s global service and support infrastructure.

Mikael Laurin, chief executive officer of Lean Marine says: “Yara Marine Technologies has consistently demonstrated its ability and dedication at providing commercial shipping operators with new technologies that reduce maritime emissions, and they have the capacity to scale and implement new solutions quickly. We strive towards the same goal – a greener maritime industry – and that made us a natural match. We are now ready to move our solutions into the next phase of rapid expansion, in a global market, where the frontrunners will show the way.

“Moving forward, the time is right for our technologies to be offered to ship owners and operators worldwide with the help of Yara Marine’s extensive network and experience.”

“The purpose of our work is to make this industry greener, and we do that by continuously introducing new solutions,” says Thomas Koniordos, Yara Marine Technologies CEO. “Lean Marine’s innovative vessel efficiency technologies is our next important step on that journey. We have spent more than a year analysing dozens of system providers, but no one comes close to what we found at Lean Marine. In addition, their experience in propulsion control systems, customized marine engineering, and hydrodynamics really put fast-moving digital developments into good use.”

“Since we first began discussions with Lean Marine, we have been increasingly impressed with the scope of their technology, as well as their commitment to continue to refine and develop their offerings. We are very much looking forward to including their digital platforms in our expanding portfolio of technologies,” continues Koniordos.

“I believe we have a particularly good cultural fit with Lean Marine. A healthy planet for future generations is our overall ambition, and we share that with them. With this acquisition, we are one step closer to making that happen.”