I-Tech receives 36m SEK order for Selektope antifouling

I-Tech receives 36m SEK order for Selektope antifouling
Philip Chaabane, CEO, I-Tech

Swedish company I-Tech has received a supply order of its antifouling ingredient Selektope from Chugoku Marine Paints (CMP). The order is worth 36 million SEK (3.9 million USD).

Selektope is an organic, non-metal molecule that works by stimulating the receptors of any barnacle larvae as they come in to contact with it on the surface of a ship. It has been introduced as an ingredient in multiple varieties of coatings, including those manufactured by Chugoku Marine Paints. The ingredient, chemically known as medetomidine, delivers high efficacy at extremely low concentrations (0.1% w/w) with ultra-low leaching.

The order, which is based past and scheduled supplies in 2018, reflects the increased demand of I-Tech’s barnacle-repellent active agent within the range of marine antifouling products offered by CMP. This latest order by CMP will be delivered during 2019.

CMP has offers two marine coatings, SeaFlo Neo CF Premium and SeaGrand Prix 880HS Plus that contain the Selektope ingredient.

Selektope will be supplied throughout 2019 to all major key markets in the shipping industry targeting both new building and dry-docking demands.

Philip Chaabane, CEO, I-Tech, said: “By evidence, many of the positive indications of convincing performance on a wide range of ship hulls is driving the demand in the market. As the potential to save fuel is continuously being demonstrated by these type of coatings, confidence is increasing in Selektope being an attractive investment to improve profitability, reduce emissions and reduce risk of transporting invasive aquatic species.”