Grieg takes majority stake in Danish lifecycle assessment firm ReFlow

Norway’s Grieg Green, the ship recycling expert of Grieg Maritime Group, has picked up a majority stake in Danish lifecycle emissions analysis specialist ReFlow.

ReFlow has developed a digital platform that allows businesses in the maritime value chain to document products’ carbon footprint and “make greener and data-driven decisions”, from raw material and equipment procurement and design via fuel choices for vessels, operations, upgrades, and retrofits to end-of-life strategies.

Moving forward, the two companies will develop new digital services together and jointly provide the information and tools shipowners need for sustainable decision-making related to design, decarbonisation, optimisation and end-of-life planning of vessels.

“ReFlow’s lifecycle assessments for vessels at the design, build, and operational stages, combined with Grieg Green’s recycling and site auditing capabilities and deep, practical maritime experience, will create a maritime leader in lifecycle data and advisory services,” Grieg Green said in a release.

The deal involves Grieg Green taking a 51% stake in ReFlow for an undisclosed sum. Grieg Green’s managing director Pia Meling will become the new chair joined by Grieg Maritime Group’s Vidar Lundberg on the board. Founder and board member Rasmus Elsborg-Jensen stays on as CEO.

“The investment in ReFlow will create considerable business, competence and customer synergies while strengthening our purpose of creating maritime solutions for a better future,” said Meling.