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Teekay awards Petrojarl Banff FPSO green recycling contract to Modern American Recycling Services Europe

M.A.R.S. Europe has been awarded a contract by Teekay Petrojarl Floating Production UK Ltd. for dismantling and recycling of the Petrojarl Banff FPSO, after 21 years of service in the North Sea. The contract includes engineering, preparation, dismantling and green recycling of the unit. The Banff FPSO is expected to arrive at M.A.R.S. Europe prior to the end of Q1 2021.

This contract award aligns with M.A.R.S. strategy to increase its portfolio of complex green recycling projects including FPSOs. We are glad that Teekay is choosing to retire and recycle the Petrojarl Banff FPSO in an environmentally friendly manner, at our approved EU Green facility in the Port of Frederikshavn, Denmark, contributing to stimulate the growth of the ‘circular economy’. Teekay Holding Statement:

Over the past few months we have undertaken a competitive tender process to select a green recycling yard that complies with all UK/EU regulations as well as our own vessel recycling policies to minimize health, safety, and environmental risks throughout the recycling process. After careful review, Teekay has selected Modern American Recycling Services (M.A.R.S.) Europe’s EU-approved facility in the Port of Frederikshavn, Denmark for the green recycling of the Petrojarl Banff FPSO. The decommissioned unit has been temporarily moored at Kishorn Port since September 2020 and is expected to arrive at the recycling yard in Denmark before the end of Q1 2021.
Source: M.A.R.S. Europe

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