SAN JOSE, CA – April 18th, 2018 - Pacific Green Technologies Inc. (“PGT”) (OTCQB: PGTK) is pleased to confirm that its wholly owned subsidiary Pacific Green Marine Technologies Limited has signed an agreement with Union Maritime Limited to supply seven ENVI-Marine™ Exhaust Gas Scrubbing Systems for Union Maritime’s four new 45,999 DWT Chemical Tankers being built by Hyundai Marine Division in South Korea and three 64,000 DWT Bulk Carriers being built by COSCO in China.
The vessels will start to be delivered in the fall of 2018 with the last being delivered in early 2020.
The ENVI-Marine™ Exhaust Gas Scrubbers will be manufactured through PGT’s Joint Venture with Chinese Government owned PowerChina SPEM and installed in various yards in Asia.
Dr. Neil Carmichael, Chief Executive of PGT commented:
“Following the retrofit of an ENVI-Marine™ Scrubber on Union’s “Westminster” chemical tanker and its successful operating performance over the past six months this is a major endorsement that Union decided to choose our system on the newest ships in the Union fleet.”
Scott Poulter, Executive Director of PGT added:
“We are very pleased to be working with Union to develop a strategy for installing scrubbers across the balance of Union’s fleet over the next 24 months and this agreement is the first step in that program.”