Okapi acquires green technologies expert Yara Marine Technologies

14th February 2024

Okapi acquires green technologies expert Yara Marine Technologies

Yara Marine Technologies (YMT) has been acquired by oil and gas provider Okapi Supply Trading Advisory SA (formerly Sarl) for an undisclosed sum, thereby expanding its maritime solutions portfolio.

The acquisition of the green technologies expert comes at a pivotal moment for shipping, as the industry faces increasing emissions regulations and financial impetus to meet the 2030, 2040 and 2050 emissions goals set by the International Maritime Organisation (IMO).

Yara Marine Technologies, with its HQ in Norway and offices in Sweden, Poland and China, is a wholly-owned subsidiary of Yara International and has been at the forefront of maritime emissions reduction since 2010, working closely with ship-owners, yards, and naval architects as partners in an effort to drive the change toward sustainable shipping.

Its portfolio of cutting-edge green technologies include SOx Scrubbers and Vessel Optimization solutions, including the FuelOpt system, which supports wind-assisted propulsion that optimises power and records fuel performance on vessels with sails, rotors, kites and wings. The company also provides turnkey Shore Power solutions.

Dr Thomas Koniordos, CEO of Yara Marine Technologies, said:

Okapi Supply Trading Advisory, based in Geneva, is an independent provider of oil and gas products and services, supplying, storing and distributing oil and gas products needed by consumers, industry and maritime operations across the African continent.

Mohamed J Ndao, Okapi Supply Trading Advisory Chief Executive, said:

With a shared commitment to advancing sustainable solutions for the maritime industry, this acquisition sets the stage for the green solutions provider to accelerate the reach and impact of its industry-leading decarbonisation technologies, supported by Okapi’s resources and drive, as well as the launch of new and updated vessel optimisation technologies for the global fleet.

Magnus Ankarstrand, EVP at Yara Corporate Development concluded:

About Yara Marine Technologies About Okapi Supply Trading Advisory SA


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