Delivery of the First Very Large Ethane Carrier (VLEC) "IINO INEOS VESTÁ" for INEOS Europe AG

IINO Kaiun Kaisha, Ltd. (IINO Lines) is pleased to announce that the first of two dual-fuel Very Large Ethane Carriers (VLECs), named IINO INEOS VESTÁ (hereinafter "the Vessel"), which will be chartered out to INEOS Europe AG (headquartered in Rolle, Switzerland; hereinafter "INEOS")*¹ on a long-term time charter contract, has been delivered today by HD Hyundai Heavy Industries Co., Ltd. (headquartered in Ulsan, South Korea) *².

(Below picture of the naming ceremony)

Equipped with a dual-fuel main engine, the vessel has a significantly lower CO₂ emissions footprint than conventional heavy fuel oil-powered vessels.

In IINO Lines' mid-term management plan, "The Adventure to Our Sustainable Future," we have set a goal to achieve carbon neutrality by 2050. In line with this vision, we are actively investing in alternative fuels. To date, we have introduced dual-fuel vessels powered by methanol and LPG, as well as ammonia-ready vessels that can switch to ammonia fuel in the future. The Vessel marks our first dual-fuel ethane carrier to join our operating fleet.
IINO Lines will contribute to the realization of a sustainable society through the continued introduction of environmentally advanced vessels.

＜Overview of IINO INEOS VESTÁ＞
Cargo tank capacity：99,000 ㎥
Gross tonnage：60,637 tons
Length overall：229.97 m
Beam：36.63 m
Yard：HD Hyundai Heavy Industries Co., Ltd.
Flag State：Liberia

IINO INEOS VESTÁ 

The Vessel is adorned with a dragon motif, designed under the production management of IINO Media Pro Co., Ltd., an IINO Group company.

(*¹) INEOS Europe AG
INEOS is a global petrochemicals manufacturer, comprising 30 individual businesses. INEOS operates 154 facilities in 27 countries throughout the world, employing 24,500 people. INEOS makes the raw materials and energy used for everyday life. Its products make an　indispensable contribution to society and are essential in applications ranging from the preservation of food to the provision of clean water; from construction of wind turbines, solar panels, and other renewable technologies to the construction of lighter and more fuel-efficient vehicles and aircraft; from medical devices and pharmaceuticals to clothing and apparel. In recent years INEOS has diversified with the launch of INEOS Automotive, and a sports portfolio including Manchester United, OGC Nice, Lausanne Sport football clubs, as well as Mercedes AMG Petronas Formula 1 and the INEOS Grenadiers cycling team.

(*²) HD Hyundai Heavy Industries Co., Ltd.
In addition to building various types of vessels--including tankers and LNG carriers--the company is dedicated to advancing environmental technologies and developing next-generation fuel-powered ships. Backed by its high level of technical expertise and production capacity, the company enjoys strong trust in the global market.

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