Shipping fuel start-up Liquid Wind gets EUR-15m grant for 1st site

Visualisation FlagshipONE. Image by Liquid Wind

November 25 (Renewables Now) - The Swedish Environmental Protection Agency has invested EUR 15 million (USD 16.8m) in Liquid Wind’s first facility for the production of carbon-neutral fuel as part of the initiative Klimatklivet, or Climate Leap, the Swedish start-up said today.

The facility, FlagshipONE, will be located at Ovik Energi's combined heat and power (CHP) plant in Ornskoldsvik, northern Sweden, with construction planned to begin in the spring of 2022 and operations expected to start in 2024.

The project will provide 50,000 tonnes of eMethanol a year for the shipping industry. The eMethanol will be produced by combining carbon dioxide emissions with green hydrogen, which will be made from renewable electricity and water.

“The investment grant shows the strategic importance of eMethanol as a replacement for today's marine fossil fuels,” said Liquid Wind chief executive and founder Claes Fredriksson, noting that the global shipping industry currently uses 350 million tonnes of fossil fuels each year.

Partners supporting FlagshipONE include Alfa Laval, Carbon Clean, Haldor Topsoe, Siemens Energy, Uniper and Worley.

(EUR 1 = USD 1.121)

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