John Fredriksen lauches clean energy tech company

ST Energy Transition I, a blank check company created by John Fredriksen to target energy transition and clean energy technology, filed on Monday to raise up to $250m in an initial public offering in New York.

Fredriksen is chairing ST Energy Transition I with Gunnar Eliassen appointed CEO. Eliassen currently works for Fredriksen’s family holding company Seatankers Group and previously was a partner at Pareto Securities.

Seatankers has recently been repurposed to hunt new emerging business opportunities.

The new company said it plans to target energy transition opportunities, focusing on businesses with growth potential, earnings visibility, and defendable market positions.

Fredriksen’s long career in shipping has seen him make a number of tech investments, such as taking a significant stake in a scrubber manufacturer in the run up to the global sulphur cap two years ago.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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