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ECOsubsea Secures USD 6.2m Loan to Scale Up Singapore Operation

ECOsubsea Secures USD 6.2m Loan to Scale Up Singapore Operation

Innovation Norway, a government agency, has awarded a NOK 69 million (USD 6.2 million) Green Growth Loan to ECOsubsea, a pioneer in sustainable hull-cleaning technology. This funding will support the construction of additional next-generation hull-cleaning robots as ECOsubsea prepares to expand its operations significantly. The initiative comes as the company aims to enhance its presence in the world's second-busiest port, reflecting a commitment to sustainable maritime practices. The loan is part of a broader effort to promote green technology and innovation within the industry, positioning ECOsubsea to meet increasing demand for environmentally friendly solutions in shipping and maritime operations.

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