As a result of our decarbonization strategy, Titan is involved in various green projects, primarily focusing on the production of liquefied bio methane (LBM) and hydrogen-derived methane (or eLNG). The production of these fuels is totally different from conventional LNG production, hence new models and modus operandi will be established which hold new challenges and opportunities.
Titan actively seeks to support the development of sufficient and scalable production capacity, by collaborating with biogas and hydrogen producers and by investing in new plants. Titan targets a 50% LBM/hydrogen-derived methane blend in 2030 and fully decarbonized fuel offering by 2040.
In 2020, Titan received a €11m subsidy from the EU for the construction of three additional LBM bunker barges (Bio2Bunker Project) to support the LBM supply chain.
In 2021, Titan, Attero, and Nordsol were awarded €4,3M in funding from the EU for a LBM production plant dedicated for the shipping industry.
Read more about our project: FirstBio2Shipping