Industry Briefing

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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.

ecosubsea loan scale up singapore operation
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