Pyletech Group believes that the reduction of greenhouse gas emissions in the transportation and maritime sectors will be gradual and multifaceted.

The Group believes that the transportation sectors’ reliance on combustion engines will inevitably lead to a transition from using fossil fuels to green “drop in” fuels and new high hydrogen carrier fuels that use biogenic or air capture CO2, such as green methane or green methanol. Significant technological developments in the cost of electrolysers, increased use of SMRs, of renewables, as well as of storage of electricity, among others, will eventually reduce the cost of green fuels.

The path to reduction of emissions will be different for the sub sectors of the transportation business. Over the next fifteen years approximately, in shipping, the Group foresees, given the current regulatory environment, that LNG and vessel specific improvements will contribute to the required reductions of Greenhouse Gas Emissions before other advanced fuels are used extensively.

Pyletech Energy, the newest energy investment vehicle of the Pyletech Group, through local subsidiaries in different parts of the world, will produce and commercialize in joint venture with other related parties, green “drop in” fuels, green methane and green methanol.

Pyletech Energy is currently working with globally reputable technology providers, engineering and construction firms to develop and refine the design of green “drop in” fuels, green methane and green methanol production plants in Europe and the US.