Pacific Green Marine announces the consolidation of its Marine Sales Division.
19 June, 2020
Scott Poulter, Chairman and CEO of Pacific Green Technologies commented:
"As a result of COVID-19 and the narrowing of the oil price spread we have been forced to rethink the sales strategy in our marine division. Unfortunately we have concluded that our Norway office, which has not generated any revenue for our group, should close and that our Marine Sales division should continue its previously successful strategy, concentrating on trusted relationships in the sector. Our parent company has strong cash reserves and we continue to look forward with optimism as we believe that the effect of the Pandemic will generate significant change in the energy sector and increasingly require our sustainable technologies."
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