ION receives grant to support UK net zero target through port decarbonization
16 Setembro 2021 - 8:00AM
ION Geophysical Corporation’s Edinburgh-based Software group today
announced the Company received a grant to advance port
decarbonization through its climate-smart platform, Marlin
SmartPort™. The grant supports the UK’s Ten Point Plan to address
climate change and help achieve the country’s net-zero emissions
target by 2050. The Data-Led Emissions Management (D-LEMA) project
is part of the Clean Maritime Demonstration Competition, funded by
the UK Department for Transport and delivered in partnership with
Innovate UK. The 6-month pilot study will validate whether vessel
fuel usage and carbon dioxide emissions can be reliably estimated
in and around ports using the International Maritime Organization
(IMO) global standard.
Announced in March 2020, and part of the Prime
Minister’s Ten Point Plan to position the UK at the forefront of
green shipbuilding and maritime technology, the Clean Maritime
Demonstration Competition is a £20 million investment from
government alongside a further ~£10 million from industry to reduce
emissions from the maritime sector. The program is supporting 55
projects across the UK, including projects in Scotland, Northern
Ireland and from the South West to the North East of England. As
set out in the Clean Maritime Plan (2019), Government funding has
been used to support early stage research relating to clean
maritime. The program will be used to support the research, design
and development of zero emission technology and infrastructure
solutions for maritime and to accelerate decarbonization in the
sector.
“Today approximately 90% of goods are
transported by sea and global shipping accounts for nearly 3% of
global CO2 emissions,” said Stuart Darling, Senior Vice President
of ION’s Software group. “Our technology is focused on creating
high value information that drives smarter, safer management of the
5,000+ ports globally and the 50,000+ cargo vessels that transit
between them. This grant enables us to continue advancing our
maritime digitalization platform, Marlin SmartPort, which
integrates systems and data to provide better real-time visibility
and actionable intelligence to operate with just-in-time
efficiency, minimizing fuel consumption and emissions. Our goal is
to develop and validate fuel monitoring capabilities to start
tracking and, ultimately, to reduce port-related shipping
emissions. On behalf of ION, I would like to thank our project
partners, Plymouth Marine Laboratory, who will supply the data, and
the Offshore Renewable Energy Catapult, who will assist with the
analysis.”
To learn more, visit iongeo.com/MarlinSmartPort.
About ION
Leveraging innovative technologies, ION delivers
powerful data-driven decision-making to offshore energy and
maritime operations markets, enabling clients to optimize
investments and results through access to our data, software and
distinctive analytics. Learn more at iongeo.com.
Contacts
ION (Investor relations)
Executive Vice President and Chief Financial
OfficerMike Morrison, +1 281.879.3615 mike.morrison@iongeo.com
ION (Media relations)
Vice President, CommunicationsRachel White, +1
281.781.1168rachel.white@iongeo.com
The information herein contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements may include
information and other statements that are not of historical fact.
Actual results may vary materially from those described in these
forward-looking statements. All forward-looking statements reflect
numerous assumptions and involve a number of risks and
uncertainties. These risks and uncertainties include the risks
associated with the timing and development of ION Geophysical
Corporation's products and services; pricing pressure; decreased
demand; changes in oil prices; agreements made or adhered to by
members of OPEC and other oil producing countries to maintain
production levels; the COVID-19 pandemic; the ultimate benefits of
our completed restructuring transactions; and political, execution,
regulatory, and currency risks. For additional information
regarding these various risks and uncertainties, see our Form 10-K
for the year ended December 31, 2020, filed on February 12, 2021.
Additional risk factors, which could affect actual results, are
disclosed by the Company in its filings with the Securities and
Exchange Commission, including its Form 10-K, Form 10-Qs and Form
8-Ks filed during the year. The Company expressly disclaims any
obligation to revise or update any forward-looking statements.
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