December 18 (Renewables Now) - European impact fund InnoEnergy will invest EUR 1.7 million (USD 1.89m) in Liquid Wind so that the Gothenburg-based circular carbon energy company could develop the world’s first commercial scale e-methanol facility in Sweden.
Gothenburg-based Liquid Wind plans to convert waste carbon dioxide (CO2) and renewable power into a renewable liquid fuel, namely e-methanol. The company is working with a consortium of experts, including Haldor Topsoe, Carbon Clean Solutions, NEL, Axpo and COWI. Together, they partner on the so-called FlagshipONE project.
Liquid Wind said in a statement it will now begin engineering for its first e-methanol facility in Sweden. Its plan for the future includes building six initial facilities in Scandinavia and then replicating the operation internationally. Each plant will be designed to capture 70 kilotonnes of CO2 and generate 54 kilotonnes of fuel.
The FlagshipONE facility is expected to provide e-methanol on a commercial basis from 2023.
The company’s projects should help decarbonise “hard-to-abate” sectors such as shipping, it says.
(EUR 1.0 = USD 1.113)