Norwegian scrubber producer to raise millions for hydrogen project for ships

Norway's Teco Group plans to spin-out a business unit developing fuel cells for vessels through a private equity emission on the Oslo Stock Exchange. The goal is to raise between NOK 80-100 million.

Photo: PR / Dietmar Hapenpusch / Port of Hamburg Marketing Association

by CHRISTIAN CARLSEN

Norwegian scrubber manufacturer Teco Group plans to raise up to NOK 100 million (USD 10.5 million) on the stock exchange to develop hydrogen fuel cells for vessels.

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