The US-headquartered scrubber company is closing its Norway office, which has not generated any revenue for the group, and is ‘concentrating on trusted relationships’ in the marine sector.
Announcing the closure of the Oslo office, Scott Poulter, Chairman and CEO of Pacific Green Technologies, said the pandemic and the narrowing of the oil price spread had impacted on its scrubber business.
In an investor update earlier this month, the company said it had delivered 86 ENVI-MarineTM systems since entering the marine sector, and had another 56 systems contracted for delivery in 2020 and 2021.
However, it noted that coronavirus travel restrictions had posed difficulties in accessing shipyards. As such some 32 scrubber system installations have been deferred until 2021 ‘to accommodate client and supplier needs’. Pacific Green Technologies said that it had received no scrubber cancellations as a result of the pandemic.
Scott Poulter was appointed to the post of Chairman and CEO in September 2019 after the retirement of Dr Neil Carmichael. In the same month, Anders Jorgen Roine joined the company from Clean Marine, taking on the Oslo-based role of Direct Sales and Commercial & Business Development Director.
Last December, Steven Matthews was appointed Sales Director at the company’s new Hong Kong office.
In the investor update earlier this month, Poulter pointed to growing interest in the company’s newly acquired solar and desalination technologies and in this week’s announcement of the consolidation of its marine scrubber operations he said: ‘Our parent company has strong cash reserves and we continue to look forward with optimism as we believe that the effect of the Pandemic will generate significant change in the energy sector and increasingly require our sustainable technologies.’