Liquid Wind secures EU funding for CO2 to fuel technology

Jan 06 2020

The company will convert waste carbon dioxide (using carbon capture) and renewable electricity into renewable liquid fuel, e-methanol, providing a viable and cost-effective alternative to fossil-origin fuels particularly for shipping vessels and heavy transport.

International Shipping contributes more than 1 billion tons to global GHG emissions and the International Marine Organisation (IMO) has committed to reducing emissions by 50% by 2050. The Cruise Line industry has even stronger ambitions, with a 40% reduction by 2030. However the industry currently lacks a viable alternative fuel to reach this crucial target. 

Liquid Wind will develop and manage facilities to produce e-methanol in large volumes, which will enable industries such as shipping, to significantly reduce their carbon emissions and improve their value proposition. As a liquid, electro-fuel or e-methanol, is easy to use, store and transport with limited modifications to existing infrastructure.

InnoEnergy, a European impact fund investing in solutions in the area of energy and cleantech will provide support and invest 1.7M euros to enable Liquid Wind to develop the world’s first commercial scale e-methanol facility in Sweden. 

“We are very excited to accelerate the planning and development of our first e-methanol facility with our Consortium partners early in 2020," said Claes Fredriksson, CEO, Liquid Wind. "This is a significant next step in bringing e-methanol to market at scale to meet growing demand. The strong backing from InnoEnergy is really valuable in enabling us to rapidly move towards the investment decision for our first facility.” 

Liquid Wind will now commence with engineering for their first e-methanol facility in Sweden, integrating proven technology from a consortium of leading experts. Six initial facilities are planned for Scandinavia, Liquid Wind will then replicate the operation internationally to meet demand and significantly reduce carbon emissions. E-methanol, from the FlagshipONE facility, will be commercially available from 2023.

Liquid Wind

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Issue 72 - Nov - Dec 2019

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