The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Yes. I was just curious a little bit on these opportunities with the readiness of the different fuels going forward. I mean on LNG, you and MAN has
been selling dual-fuel engines for a decade or more. And we obviously learned that in fact this dual-fuel that were sort of transformed -- occurred
because of the tank issue that you brought up. But what it did do is that it allowed you to capture market share in the 4-stroke and MAN in the 2
stroke, where you were late with your sort of dual-fuel concept and eventually left the market.
How would you say your readiness is now for methanol, hydrogen, et cetera? Will you be among the first one sort of being able to sort of offer
these ready fuel type, whatever fuel there is going forward so that you don't lose risks losing any market shares?
Juha Kyt÷lS
Yes, you have multiple dimensions in your question, when you have -- asking about the market shares, et cetera. But I can respond to the technology
part there, so like you said that we were early on with the dual-fuel technology. We also have, by the way, a single fuel technology, which we use
for a land base. So we have engines which run purely only on natural gas, while marine preferences has currently been on the dual-fuel technology,
maybe it will develop also and evolve a Marine side.
When it comes to methanol, you ask if we are on time. We were clearly #1 in the market. So in year 2015 already, we made our research technology
development earlier on than that. In 2015, we took it to the market with Stena Line with their vessel there and adopting that technology today set
(inaudible) engines there and we have continued on that path since then. So definitely, we are on time on there. And as was mentioned there, we
come with other releases also within the course of this era of methanol.
Then on ammonia, we are in a very good position on the ammonia technologies and development. And next year, the delivery capability is a proof
of that. Hydrogen, we already have shown it with the customers in the field with the hydrogen blending. So I would say what we have is not only
that we are early with these different choices. We have also been able to create the width, so that it's not only one fuel that we have been working
with. We actually have all those mostly most attractive fuels now in the market on a very good development path.
So naturally, I cannot comment where the competition is. So you probably ask them later on. But at least we are in a good position in the technology
road map.
|
