DSM Venturing, the corporate venturing unit of Royal DSM N.V., has announced that it has made an investment in Germany-based SkySails GmbH & Co. KG (SkySails). Financial details of the investment by DSM Venturing in SkySails will not be disclosed.
SkySails develops, produces and sells wind propulsion systems for the marine industry which are based on large automated towing kites. Depending on the prevailing wind conditions, a ship’s average annual fuel costs and emissions can be reduced by 10 to 35% by using the SkySails Kite System. Under optimal wind conditions, fuel consumption can temporarily be cut by up to 50%. To date DSM Dyneema, SkySails and rope manufacturer Gleistein have been combining their expertise in a three party technology partnership focused on the development of a special high performance rope which delivers the unique blend of high strength, light weight and excellent durability required for wind propulsion systems. DSM’s Dyneema is a key enabling component in the SkySails Kite System.
SkySails develops, produces and sells wind propulsion systems for the marine industry which are based on large automated towing kites. Depending on the prevailing wind conditions, a ship’s average annual fuel costs and emissions can be reduced by 10 to 35% by using the SkySails Kite System. Under optimal wind conditions, fuel consumption can temporarily be cut by up to 50%. To date DSM Dyneema, SkySails and rope manufacturer Gleistein have been combining their expertise in a three party technology partnership focused on the development of a special high performance rope which delivers the unique blend of high strength, light weight and excellent durability required for wind propulsion systems. DSM’s Dyneema is a key enabling component in the SkySails Kite System.