Marsoft CleanCo (MCC) is the latest addition to our line of services, with a foundation in FLAGSHIP and our banking relationships and an innovative new offering inspired by the Massachusetts Institute of Technology (MIT) research on retrofitting ships for reduced fuel consumption and carbon emissions.
MCC makes your aging loans more profitable, your balance sheet stronger, your footprint greener, and your shareholders happier.
Profitable Path to Decarbonization
Opportunities to Reduce Carbon Emission Are Being Overlooked
•Emissions reduction is now costly and risky
•Only accessible to most sophisticated owners
Marsoft CleanCo (MCC) Mobilizes Industry-Wide Response
•Break the Cost Barrier
•Create Scale with Simplicity, Standardization
•Align Incentives/Share the Cost Savings
Banks Are Catalyst for Profitable and Effective Climate Action
•Reduce Their Carbon Footprint
•Enhance Value & Debt Capacity of Portfolio
•Pro-Active Response to Regulation
MCC Savings – Win/Win for all Stakeholders
MCC consolidates and re-prices the buying requirements of the total portfolio over a five-year survey period.
Reducing cost through simplification, standardization, scale and repeat business.
Scale creates value and lower cost for manufacturers, yards, and service companies – and MCC members.
Originating and selling carbon credits is a time consuming and expensive process without MCC.
By standardizing the process for thousands of ships MCC reduces the cost for each project
Make shipping’s CO2 reductions credible, marketable, and a revenue generator.
Retrofit Costs & Benefits: With and Without MCC*
•Without MCC owners will not invest to reduce emissions.
•With MCC the cost to reduce CO2 fall by a third from $3.1 to $2.1 million and deliver 13% emissions. Owners will invest.
•Carbon and $ Savings:
CO2: 4000 tonnes/year
HFO: •1,300 tonnes/year
The chart compares the expected net present value of investments to reduce CO2 emissions. Three options are shown, reducing emissions by 5%, 8%, and 13% respectively. The vertical axis shows the NPV of those investments. Without MCC the investments are marginally profitable and the greatest CO2 reductions are unprofitable. With MCC (as shown by the gold line at the top of the chart) costs are reduced to make even the most potent option profitable.
* Based on VLCC case study