Greenheart partners with Njord, Marsoft for green tech retrofits

Greenheart Management, a subsidiary of Hayfin Capital Management, has teamed up with green tech business Njord and maritime consulting firm Marsoft to gain access to carbon credit revenues for reducing emissions.

The partnership will see Njord, a venture between Cargill, Mitsui and Maersk Tankers, design a package of fuel-saving technologies for initially four Greenheart-owned vessels to achieve fuel and emission cuts of between seven and 16% per vessel. Marsoft will quantify and certify the CO2 savings through carbon credits, ensuring Greenheart will optimise the financial value of the fuel savings.

Marsoft’s GreenScreen program complements Njord’s design approach by assessing the emission reductions from the retrofits—a requirement to enrol the ships in a Gold Standard program. The company’s collaboration with ClimeCo, a leader in the carbon markets, is said to secure premium pricing for Greenheart’s carbon credits in the voluntary carbon markets.