Lubrication R&D acquisition for Hans Jensen
A leading international supplier of cylinder lubrication systems for two-stroke marine and power plant applications has acquired a majority stake in a lubrication research and development firm.
Hans Jensen Lubricators, which specialises in supplying cylinder lubrication systems for two-stroke marine and power plant applications, has acquired a majority stake in the Danish firm ADNOX to help strengthen its position in the market.
“ADNOX has developed an exciting technology, which has value for our customers and we therefore see synergistic effects between ADNOX and Hans Jensen Lubricators. The acquisition can therefore strengthen our position towards the global merchant fleet,” said Rasmus H Jensen, CEO of Hans Jensen Lubricators.
ADNOX A/S has developed and patented a catalytic converter-based system, which uses normal diesel oil to convert the dangerous nitrogen compounds (NOx), which are formed in diesel engines, into water and nitrogen.
The traditional catalytic convertor system uses urea for the conversion. Urea is better known as AdBlue from the car industry.
Since diesel oil is already present and delivered to ships, the new ADNOX system no longer requires additional transport and storage of the substance.
The ADNOX system can be used on both two-stroke and four-stroke engines. The energy from the consumed oil is converted into heat, which can be used for the production of electricity or water. The system is approved by DNV-GL for use on ships.
Following the acquisition, early investors Chris-Invest A/S and Ole Fanøe will continue on as co-owners of ADNOX A/S.
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