เกจวัดแรงดันแก๊สco2 Svanehøj expects to post an all-time excessive order intake of DKK750 million–DKK800 million for 2021, up 50% on the company’s earlier report set in 2014.
2021 has been a report year for Svanehøj.
Svanehøj’s patented DW gasoline pump solution is probably one of the main growth drivers. The pump was introduced to the market in 2015 and can account for almost 30% of whole orders in 2021.
CEO Søren Kringelholt Nielsen mentioned the company’s fuel pump sales quadrupled on 2020, with new orders spread widely across sectors.
“We see a major increase in orders of gas pump methods for LNG-fuelled boxships, cruise ships and PCTC vessels. Furthermore, we have obtained a very large variety of orders for LPG carriers, where we provide pump methods for each cargo and gas,” said Kringelholt Nielsen.
During 2021, Svanehøj secured two vital orders from Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for LNG gasoline pump techniques for 22 Ultra Large Container Vessels. And just lately, Svanehøj signed an agreement with a Japanese FGSS supplier on fuel pumps for six LNG-fuelled Pure Care and Truck Carriers.
“We see clear indications that many of the ships to be constructed within the coming years might be built to run on LNG. Therefore, we expect further growth in this section,” said Kringelholt Nielsen.
“At the same time, a market for new gasoline types will emerge, driven by the large-scale investments in Power-to-X. We have already taken this into consideration with our gas pump, which is fully compatible with e-fuels corresponding to green ammonia and methanol. In this fashion, we address shipowners’ uncertainty with a future-proof pump answer. Regardless of the propellant,” stated Kringelholt Nielsen.
Svanehøj has began 2022 with a model new technique and a goal of doubling its turnover to DKK1 billion (US$152 million) by 2026. In addition to fuel pumps for LNG, LPG and future synthetic e-fuels, Svanehøj sees great potential in creating pump options for the infrastructure to be constructed round Power-to-X and carbon capture and storage (CCS).
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