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A co2-free service of high value goods shipping for companies on sailing vessels
- About Company
TOWT
A co2-free service of high value goods shipping for companies on sailing vessels
Label Date
September 4, 2019
By
TOWT
From
France
Maturity stage
TRL 9 / CRI 5-6 - Market competition driving widespread deployment &/"Bankable" grade asset class
TOWT is specialised since 2011 in the transport of goods by sail. It is reviving an ecological mode of transport by using the force of the wind, largely abundant and predictable in the open sea, to draw the contours of a low-carbon maritime logistics system. With the construction of modern sail cargo ships with a carrying capacity of 1000T, TOWT is initiating a change of scale for the decarbonisation of the sector. While adressing the challenges of a sector responsible for around 3% of world GHG emissions and 10% of world sulfur emissions, TOWT enhance the value of products and their origins, with a certification "Shipped by sail" affixed on products, bringing transparency in a sector in which opacity rules.
The Environmental Benefits
- •About 90% reduction of CO2 emissions saved yearly compared to conventional shipping
- •25,000 tonnes of CO2 emissions less and 8,000 tonnes of fuel saved
The Financial Benefits
- •Will charges marchandise at a price below 0.5USD/kg
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Company Profile
TOWT
Using wind power to ensure a future of low-carbon maritime emissions, sailing offers opportunities for economic development and innovation.
Headquarters
29100 Kerlaz, France
Type
Company
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator TOWT has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.