Oil companies invest millions of dollars in rotor sails

Wind company Norsepower, which develops rotor sails for ships, has received an investment to promote the use of such sails in the industry. A number of oil companies are behind the USD 8.8 million investment.

Photo: Norsepower - PR

A range of oil companies have banded together in investing USD 8.8 million in ensuring higher sales and propagation of rotor sails produced by Finnish company Norsepower, the latter informs in a statement.

The statement writes that the investment is made via OGCI Climate Investments, a fund created by oil firms with the purpose of making environmentally sound investments.

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