Caterpillar Marine, Solstad Shipping ASA and Pon Power AS Sign Memorandum of Understanding to Advance the Use of Methanol on Offshore Support Vessels

Fuel Efficiency and Emissions Reduction Technology to Benefit Offshore Support Vessels

February 2024

Houston, Texas – Caterpillar Marine today announced it has entered into a memorandum of understanding (MOU) with Solstad Offshore ASA (Solstad) and Cat® dealer Pon Power AS to identify and evaluate solutions that will increase the fuel efficiency of Solstad’s offshore vessels and reduce their greenhouse gas (GHG) emissions. Solstad, based in Norway, is one of the world’s leading offshore support vessel (OSV) operators and about 50% of its global fleet is powered by Cat engines. Founded in 1927, Pon Power AS is an authorized distributor of Cat power solutions located in Norway. Solstad and Pon Power AS have worked together for more than 35 years.

Caterpillar Marine is committed to helping vessel owners increase fuel efficiency and reduce GHG emissions. They offer pathways to support these operational and sustainability targets by providing a range of solutions for alternative fuels and powertrain integration.

“As part of our effort to help the maritime industry achieve a reduced-carbon future, we're committed to supporting our customers’ climate-related objectives through methanol-powered solutions,” said Brad Johnson, vice president and general manager of Caterpillar Marine. “These solutions are fuel-efficient, cost-effective and meet our fuel standards. Solstad and Pon Power AS are a perfect fit for these efforts.”

Solstad has systematically reduced emissions since 2009, both through operational measures (Solstad Green Operations) and technical upgrades. These efforts have resulted in a considerable reduction of average fuel consumption per vessel. Solstad has a net zero GHG target in 2050 and expects to reduce CO2 emissions through optimized energy efficiencies and retrofitted vessels that operate with alternative fuels such as methanol. Additionally, new ship designs must be capable of offering lower emissions from the outset, and solutions developed by Caterpillar Marine as a result of this MOU will be evaluated for Solstad’s existing fleet.

“As a vital, strategic partner with Pon Power AS for more than three decades, we are proud to deepen our collaboration,” said Tor Inge Dale, sustainability director at Solstad Offshore ASA.

Pon Power AS distributes primary and emergency power solutions to the maritime and other sectors and is engaged in activities that support maritime decarbonization. Their expertise lies in packaging Cat engine solutions to fit today’s needs and tomorrow’s requirements, utilizing emissions-reduction technologies to the fullest extent possible. In collaboration with Caterpillar, they identify customers’ alternative fuels and electrification options as well as participate in university research, professional society programs and events with vessel owners, ship designers and yards to advance more sustainable marine power solutions.

Normand Jarl - Solstad Shipping - Vessel in water


About Caterpillar Marine:

Caterpillar Marine, with headquarters in Houston, Texas, offers premium power solutions for a wide range of marine applications. With decades of experience designing engines and aftertreatment solutions, Caterpillar Marine products set the standard for quality, performance, and reliability. Caterpillar is dedicated to being your service provider on the water to provide engine and operational success. With Customer Value Agreements (CVAs), customers can take advantage of an extensive array of service options that can be tailored to their specific needs. Combined with our digital solutions, a CVA can provide valuable insights to engine health and performance. The global sales and service network is ready to support customers in tug, offshore, inland waterways, fishing, governmental, dredge, ferry, and yachting wherever they are.

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About Caterpillar

With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at or join the conversation on our social media channels at

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