Emanuele Lauro’s Scorpio Tankers has agreed to purchase 55 ballast water treatment systems from Connecticut-headquartered Ecochlor.
Installations are scheduled to start during the fourth quarter of this year and continue through to late 2022.
Scorpio Tankers says it will also become a minority shareholder in Ecochlor, although didn’t reveal the stake size or investment amount.
Emanuele Lauro, chairman and CEO of Scorpio Tankers, commented: “We are delighted to be working with Ecochlor, given their best-in-class technology. Reliability and quality were primary considerations for us, given our commitment to safeguarding the environment and complying with the complex regulatory guidelines for ballast water treatment.”
Scorpio’s acquisition of a stake in Ecochlor follows a similar move made by John Fredriksen’s Frontline last month. Frontline bought a 20% stake in scrubber manufacturer Feen Marine Scrubbers at the same time placing an order for 14 scrubbers for its vessels.