Porto Central and M.A.R.S., Europe A/S Announce Strategic Expansion of Offshore Decommissioning and Recycling Initiatives

Porto Central Complexo Industrial Portuário S.A. and M.A.R.S. Europe A/S have signed a Second Amendment to their Memorandum of Understanding (MOU) during the Offshore Technology Conference Brasil 2025 (OTC), marking another significant milestone in their joint collaboration to establish a world-class ship decommissioning and recycling yard in Brazil.

The amendment extends the cooperation period to advance the project’s detailed feasibility and ensure its implementation in line with market demand. Key milestones in this phase include the detailed engineering, environmental, and operational planning, and strategic assessments to secure economic viability.

Kim Thygesen, CEO of M.A.R.S. Europe, expressed his enthusiasm about the partnership: “This extension reflects our mutual dedication to advancing Brazil’s offshore industry, promoting sustainable decommissioning practices, and fostering regional economic growth. Recognizing the current pressures on ports due to upcoming new builds and
maintenance plans, we are jointly committed to developing a dedicated decommissioning and ship recycling facility similar to the successful model we have in Denmark. This will alleviate port congestion and create a specialized hub for offshore asset recycling in Brazil.”

The partnership between Porto Central and M.A.R.S. Europe is strategic to position Brazil as a global benchmark hub for sustainable offshore asset management. Expected to reach the project definition within the next year, the initiative underscores a shared commitment to regional development, job creation, and environmental responsibility—unlocking long-term economic and environmental value for Brazil and the global offshore industry.

Source: Porto Central

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