Page 49 - European Energy Innovation - Spring 2015 publication
P. 49
Spring 2015 European Energy Innovation 49


scrubber technologies, Maritime industry (EIB Shipping other EU funds promoting R&D
EU manufacturers have Projects: programmes as there is financing
developed the required infocentre/publications/all/ of LNG Bunkering stations
systems and they are shipping.htm) and financing according to the Guidelines on
considered ‘best in class’ of shipping is part of the core National Regional Aid for 2007-
worldwide in these fields. business of the Bank’s overall 2014
There are however a number long term transport lending. As
of suppliers elsewhere as well. mentioned above, particular The Horizon 2020 Programme
attention is given to projects (€ 80 billion) is a package of
4.4 Research Development and that better assist the sector to measures proposed by the
Innovation cope with the environmental Commission in November 2011
• RDI in the area of shipping challenges and encourage, to boost research, innovation
in line with EU legislation, and competitiveness in Europe.
fuels (bio-LNG, methanol, the development of clean It will run between 2014 and
hybrid propulsion and technology. This includes 2020 with focus on three key
hydrogen) is being supported project relating to retrofitting objectives. It will support the
amongst others by the abatement technology such as EU’s position as a world leader in
HORIZON 2020 Programme scrubbers or LNG duel fuelled science with a dedicated budget
(2014 – 2020) which funds engines or new build projects of € 24.6 billion, including an
are dedicated to boost incorporating alternative clean increase in funding of 77% for
research, innovation and power sources. The two most the very successful European
competitiveness in Europe recent recent projects the Bank Research Council (ERC). It will
with a budget of € 80 billion -> has been involved with include help secure industrial leadership
LNG ship tanks are twice the the construction of two LNG in innovation with a budget of
size of equivalent oil tanks. powered ferries for Fjord Lines € 17.9 billion. This includes a
and a fleet retrofitting project major investment of € 13.7 billion
• The European shipbuilding for the retrofitting of scrubber in key technologies, as well as
and maritime industry need technology for DFDS. greater access to capital and
investments and incentives in support for SMEs. Finally, € 31.7
order to maintain their global A number of financial instruments billion will go towards addressing
leadership. are also available to support the major concerns shared by all
introduction of LNG bunkering Europeans, across six key themes:
• Already many European Infrastructure, such as the Work Health, demographic change
maritime equipment Programme for the development and well-being; Food security,
companies have subsidiaries of Motorways of the Sea (MoS) sustainable agriculture, marine
close to Asian shipyards within the Trans-European and maritime research and the
with the aim of keeping up Transport Network (TEN-T) which bio-economy; Secure, clean and
to date and promoting their will continue to finance projects efficient energy; Smart, green
knowledge worldwide addressing environmental issues and integrated transport; Climate
and promoting the development action, resource efficiency and
5. EIB-EC FINANCING OF LNG of related green infrastructure raw materials; and Inclusive,
TECHNOLOGY IN SHIPPING and facilities. There are also innovative and secure societies. l
The EIB is already active in the

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