Maersk's Blend-on-Board Project to Market Soon
By Aiswarya Lakshmi
Tuesday, September 1, 2015
The Danish shipping giant Maersk has decided to commercialise its new tech invention - SEA-Mate Blend-on-Board - developed by the subsidiary Maersk Fluid Technologies (MFT), says Denmark's post.
The new technology recycles motor oil and has saved Maersk 110 million kroner every year in operating costs since its inception.
"By recycling the lubricating oil and blending cylinder oil on-board the vessels, we secure large savings for 2-stroke engines in the container, tanker and bulk market. Our expectations are high for the marine market," says a statement from the company.
“The ambition is for the technology to catch on throughout the industry,” Jens Byrgesen, the CEO of MFT, stated. “Within five years, the technology is expected to be found on 10-20 percent of the world ships that it caters to.”
There are potentially about 15,000 large ships on the global market today and Maersk’s innovative tech, SEA-Mate Blend-on-Board, is a clear indication that the company is turning towards engaging in more innovation.