ABS, Rainmaking Support Singapore’s Decarbonization Entrepreneurs

April 19, 2021

© joyt / Adobe Stock
© joyt / Adobe Stock

ABS and Rainmaking are teaming up to support entrepreneurs with maritime decarbonization technologies in the world's top shipping hub.

ABS’ marine and offshore industry experience combined with Rainmaking’s register of decarbonization focused startups will help Singapore's entrepreneurs accelerate testing and development of transformational technologies with the potential to reduce CO2 emissions, the companies said.

The program will identify technology startups and deliver scalable pilots and ventures through six-month long sprints. ABS will act as a technical advisor to provide industry insights and evaluate new technologies for their potential contribution to IMO decarbonization goals.

“ABS is supporting the development of the maritime decarbonization technologies ecosystem as part of our commitment to putting the shipping industry on a sustainable footing. By collaborating with Rainmaking, we are ensuring the transformational ideas our industry needs to reach its decarbonization goals are identified and supported to rapidly achieve the scale required to make a significant contribution,” said Georgios Plevrakis, ABS Director, Global Sustainability Strategy.

“We need to get much more progressive on how tech can change this industry. We see a like minded partner in ABS to achieve this,” said Rainmaking Partner & Investor Michael Pomerleau.

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