Pherousa is the new and simplified name of Pherousa Green Technologies at the same time as Metacon SA, a wholly owned subsidiary of swedish Metacon AB, has signed a new exclusive license agreement with Pherousa for their ammonia cracking technology for use onboard vessels. A prototype of the technology was developed and successfully tested in 2022 by Metacon and Pherousa.
Metacon SA has further strengthened their shareholding in Pherousa to about 35%. Cordia AS, a Norwegian entity ultimately controlled by the Chairman of Pherousa, Mr Hans Bredrup, has simultaneously increased its shareholding to approximately 50%.
Prior to the transactions, Pherousa has also acquired and fully integrated the previously independent company Pherousa Green Shipping AS, of which operations include the construction of six large hydrogen powered cargo vessels based on the Finnish shipbuilder Deltamarin’s Ultramax model. In 2024, Pherousa’s operations have continued, in close collaboration with two of the world’s largest marine classification societies, examining the design with focus on being able to provide a so-called Approval in Principle (AiP) for Pherousa’s and Metacon’s ammonia-based technology for ships.
Within the framework of Metacon’s and Pherousa’s developed business strategy, Metacon SA has also entered as a full project partner in the EU-funded technology project Safecraft consisting of 11 different parties from six different countries and through this receives project funding of approximately EUR 265 thousand over 36 months.
In addition, Pherousa is also engaged in two retrofit projects, thus the core technology can be applied in any segment and type of vessel, within the marine industry, be it with PEM Fuel Cells, Pilot Fuel in an ICE or directly to a hydrogen fuelled engine.
Source: Pherousa
