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Petredec Investment & Partnership with Carnot

Company updatesFebruary 10, 2026735Views0Likes0Comments

Petredec Investment & Partnership with Carnot

Today, we are pleased to announce a strategic partnership with Petredec - a global leader in the Liquefied Petroleum Gas (LPG) industry. This partnership will accelerate the deployment of Carnot's next-generation engines, using LPG fuels, across the transport, maritime and power generation sectors.  Philip Harwood, Petredec Fleet Director and new Carnot Board Member visits the…

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Today, we are pleased to announce a strategic partnership with Petredec – a global leader in the Liquefied Petroleum Gas (LPG) industry.

This partnership will accelerate the deployment of Carnot’s next-generation engines, using LPG fuels, across the transport, maritime and power generation sectors. 

Philip Harwood, Petredec Fleet Director and new Carnot Board Member visits the Carnot Co-Founders

The core focus of a Carnot Engine is to deliver world leading engine efficiencies. High efficiency means low fuel consumption which delivers maximum cost and emission savings to operators. 

A Carnot engine is also designed to operate across a broad range of fuels, including LPG, hydrogen, ammonia, methanol, biofuels, biogas, LNG, and diesel, and can switch between fuels. By combining Petredec’s LPG expertise and Carnot’s innovative technology; we can accelerate the development of this technology to deliver decarbonised power across a range of applications. 

A few words from Carnot’s CEO, Archie Watts-Farmer, on the new partnership & investment deal: 

 “We are thrilled to be partnering with Petredec. As a company, Petredec offer a unique and perfect fit with our strategy to accelerate the delivery of decarbonised power solutions into our target markets. Petredec’s deep expertise across the whole value chain provides the perfect knowledge to optimise our engines for LPG fuel, which we believe will provide a key role in the decarbonising pathway for many industries.”

Philip Harwood, Fleet Director, Petredec and Board Member, Added: 

“We are focused on achievable pathways that make our operations more efficient and environmentally responsible. LPG is a cleaner burning, readily available fuel, and combining it with Carnot Engines’ highly efficient engines, creates an optimal synergy to deliver cleaner power and transport at lower cost, while benefiting the environment. We are excited to fund the R&D for the LPG version of the Carnot engine and to become shareholders.

Having met with Carnot Engines’ founders, it’s clear that they share Petredec’s passion for sustainability and commitment to their technology. Carnot Engines has assembled an exceptional design and engineering team, from aerospace and elite motor sports to quantum physics, whose vision and attention to detail have already set new benchmarks. We are proud to partner with them in bringing this innovative technology to market.”

About Petredec

Petredec is a global leader in the LPG industry, specialising in LPG supply, shipping and distribution. Founded in 1980, we operate one of the world’s largest and youngest VLGC fleets and manage extensive downstream infrastructure, including terminals and distribution networks across Africa and India. Headquartered in Singapore, we combine global logistics expertise with a commitment to expanding access to clean energy.

 

About Carnot Engines

Carnot Engines is a UK-based engineering startup developing next-generation engine technology to reduce the cost and emissions of heavy-duty power. By utilising a novel engine architecture incorporating a high-temperature materials to eliminate wasted thermal energy, Carnot Engines target over 70% brake thermal efficiency and full multi-fuel capability — enabling a lower-cost, lower-carbon future for global transport and industry.