Specifically, the founding came through EU’s Connecting Europe Facility (CEF); the EU’s grant scheme supporting transport infrastructure, connectivity and the switch to greener fuels for transport.
For the records, Titan's LNG initiative called as "Bio2Bunker" goals to develop and expand a (Bio)-LNG (BLNG) bunkering supply chain.
What is more, the project would include the introduction of three bunker barges in Zeebrugge, Rotterdam, and Lübeck.
The bunker barges in Belgium and Germany will be similar to our two existing FlexFuelers with demonstrated operational advantages.
For the Amsterdam-Rotterdam-Antwerp region we will construct a mothership, the “Titan Hyperion” that will resupply our FlexFuelers.
Our customers in the shipping sector are facing a choice for the future: run on MGO, HFO with scrubbers, or go for (bio)LNG, the only proven alternative fuel that is scalable right now. LNG combined with BLNG and later Synthetic Liquefied Gas (SLG), made by combining green hydrogen and CO2, offer a credible and cost competitive path to decarbonization whilst immediately improving local air quality.
...as the company stated.
Concluding, Titan LNG considers that the EU funding offers support for overcoming the barriers to scaling up (bio)LNG as a fuel.