Metacon increases its involvement in Pherousa and CO2-free, ammonia-powered deep-sea shipping | Metacon AB

Norway-based Metacon AB increased its shareholding in Pherousa AS to 35% and signed an exclusive license agreement for ammonia cracking technology for vessels. Metacon SA joined the EU-funded Safecraft project, receiving KEUR 265 over 36 months. Pherousa acquired Pherousa Green Shipping AS, planning to construct six ammonia-powered cargo vessels. The collaboration aims to achieve Approval in Principle for ammonia-based ship technology.