Scrubber manufacturer looks East

19 Aug 2008

UK-based scrubber manufacturer Krystallon Limited is looking to expand in the Far East, according to a news report. Krystallon Managing Director Chris Leigh-Jones said "Most of the newbuild yards are in the Far East. With some 1,500 to 2,000 newbuilds coming out of these yards every year, it makes sense to set up operations in the region if Krystallon can find the right investors and engineering partners."

Leigh-Jones was in Singapore last week to meet up with potential partners for investment and development of the company and its proprietary technology. Companies he has been having talks with include the government-linked marine engineering group Sembcorp Marine.

"Coming from Europe, Singapore is a sensible and very benign place to do business in because their practices are no different to the ones we have," Leigh-Jones noted.
He estimates the global scrubber market to be worth $5.6 billion a year till 2020, falling to $3.7 billion a year after that as the newbuild market slows down and retrofits start to kick in.

Krystallon currently has a $407.9 million order book till 2010 and plans a full ramp-up in capacity and orders to kick in around 2010 when the yards' first slots for newbuilds start to open up. Krystallon is a joint venture between BP Marine and Kittiwake Developments Ltd.

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