lomarlabs is a venture lab launched by Lomar in March 2023, that provides early-stage maritime tech companies with the physical infrastructure, support, industry insight, expertise and funding they need to responsibly test, prove and commercialise their solutions; catalysing their entry into a market that’s rapidly evolving.
It draws on nearly five decades of operational innovation at Lomar Shipping to catalyse the deployment of deep technological solutions, with a view to solving the maritime industry’s biggest challenges. lomarlabs current catalogue of projects includes sea trials with tech start-up Seabound, to test a carbon capture device aboard one of Lomar’s vessels.
Lomar is a leading ship owner and ship management group with a diversified fleet of around 25 bulk carriers, container vessels, and chemical tankers. Lomar has nearly 50 years of industry expertise as a leading ship owner and operator, its fleets having moved millions of tonnes of cargo annually.
Seabound is a London-based climate tech startup that builds carbon capture equipment for ships. The equipment is installed adjacent to a ship’s funnel to trap up to 95% of CO₂ from the exhaust, using patent-pending technology. Founded in late 2021, Seabound has to date built two working land-based prototypes, secured seven letters of intent from leading shipowners, and raised $5.7M in funding from world-class investors including Lowercarbon Capital, Y Combinator, Eastern Pacific Shipping, and the UK Department for Transport.
The American Bureau of Shipping (ABS) is an American maritime classification society established in 1862. Its stated mission is to promote the security of life, property, and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine and offshore assets.
Innovate UK is the United Kingdom’s innovation agency, which provides money and support to organisations to make new products and services. It is a non-departmental public body operating at arm’s length from the Government as part of the United Kingdom Research and Innovation organisation.
Lomar is a maritime subsidiary of Libra Group, a privately-owned global business group that encompasses 30 operating entities – 20 businesses predominantly focused on aviation, renewable energy (including solar, wind and waste-to-energy projects), maritime (including an infrastructure company and shipbuilding to support the offshore wind sector), real estate and hospitality, and diversified industries, together with 10 social initiatives housed under Libra Philanthropies. With assets and operations in nearly 60 countries, Libra Group applies the strength of its global network and capabilities to deliver cross-sector insights and growth at scale, while mitigating risk.
For further information about lomarlabs visit: www.lomarlabs.com, or e-mail hello@lomarlabs.com. To stay up-to-date, follow lomarlabs on Instagram and LinkedIn.