Titan LNG changes name

Dutch firm Titan LNG is now just Titan as the new name “better reflects” the company’s commitment to the decarbonization of shipping and industry.

“Dropping the single product focus from our name reflects how we will use our expertise for other fuels that will emerge after LNG,” Niels den Nijs, CEO of Titan, said in a statement on Wednesday.

He said the company has completely dedicated its “extensive investment program” for the immediate and long-term future to carbon-neutral fuel infrastructure, such as liquefied biomethane (LBM) production plants and LBM bunker vessels.

Titan currently operates four LNG and LBM supply vessels across Europe; two FlexFuelers, Green Zeebrugge, plus regularly chartered vessels.

The newbuild program, that consists of the Krios and Hyperion series, would join Titan’s expanding infrastructure in late 2024 on the back of the long-term contracts in place, the statement said.

According to de Nijs, LBM is the, “fuel of choice for many shipowners which provides a clear pathway into a carbon neutral future with the possibility to blend in hydrogen-derived e-methane when available.”

“However, we recognize that decarbonization will require a range of solutions, and when other alternative fuels become available at scale, we are ready to add them into our supply portfolio,” he said.

“The name change represents the natural evolution of our company, the conversations we are having with current and future clients, together with the various EU fundings we have received for LBM production plants and hydrogen-derived e-methane projects,” den Nijs added.

- Advertisements -

Most Popular

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

Canada’s FortisBC, Seaspan win provincial approval for Tilbury LNG jetty

Canadian utility and operator of the Tilbury LNG facility in the province of British Columbia, FortisBC, and its partner...

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

More News Like This

Titan wraps up its first UK LNG bunkering op

Dutch LNG supplier Titan marked its debut in the United Kingdom with the completion of a bunkering operation in...

Molgas buys stake in Dutch LNG supplier Titan

European small-scale LNG player Molgas, backed by French infrastructure fund investor InfraVia, continues to expand its business and has...

Fratelli Cosulich takes delivery of first LNG bunkering ship in China

China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) has handed over the first LNG bunkering vessel to Italian...

Titan completes first STS LNG bunkering ops in Hamburg

Dutch LNG supplier Titan has completed the first two ship-to-ship LNG bunkering operations in Germany's Hamburg. According to a social...