Modec (JP:6269) has released an update.
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MODEC, Inc. has announced that its FPSO Bacalhau is the first newly built floating production storage and offloading vessel to receive the Approval in Principle for Abate Notation from DNV, signifying advanced measures taken to minimize greenhouse gas emissions and optimize energy efficiency. This achievement underscores MODEC’s commitment to sustainability and pushes the industry forward in reducing carbon emissions per barrel of oil produced. The company continues to focus on reducing its environmental impact through its business activities and clean energy solutions.
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