The board of the NOx Fund has decided to increase the high and low payment rates to NOK 16.50 and NOK 10.50 per kilo NOx emission respectively from 1 January 2020.
The NOx Fund's Board of Directors has decided to reduce the support rates and the maximum support level.
Combining hybrid power, data intelligence and cleaning technology, the Maersk Intrepid will push the boundaries for low-emission drilling on conventionally powered offshore rigs.
Support for the replacement of catalyst elements and annual service on fishing boats is replaced by one support program which also includes support for replacement of SCR components.
The NOx Fund introduces stricter requirements for large applications and end support for marginal NOx reductions.
The NOx Fund has made some changes in our conditions for support. The changes applies to applications received from 1 January 2019, except support to combined measures that applies from 1 July 2019.
The NOx Fund has decided to prioritize the support to applications to assure sufficient amount of capital for great measures throughout the term of the agreement.
From 01.01.2019, the NOx Fund increases the payment rates to 14.5 NOK per kg NOx for high rate and 8.5 NOK per kg NOx for low rate. For subsequent years (2020-2025) the payment rates are expected to be 16 and 11 NOK per kg respectively.
CO2 tax on LNG used in shipping, introduced in Norway from 1 January 2018, makes LNG more expensive. There is no longer an operational economic benefit to use LNG instead of marine diesel on ships.
The EFTA Surveillance Authority (ESA) has approved a prolongation of the NOx tax exemption scheme in Norway.