In connection with the sale of MMC First Process, it was agreed that MMC Green Technology would change its name. The new name is Norwegian Greentech AS, and Havyard Group ASA is the company's majority owner with 77.78% of the shares. The remaining shares are still owned by key employees who have been with the company since its formation, the company said in its release.
Ballast water treatment system – a requirement Ships built after 8 September 2017 are bound by the requirements of the IMO convention concerning treatment of ballast water, while existing ships must have a ballast water treatment system installed by 8 September 2024. Also, all ships are already required to have an approved ballast water management plan in place. These regulations will apply to all ships all over the world, not just in Norway, with effect from 8 September 2019.