Uniper Sweden to invest in Liquid Wind
Swedish power-to-liquids (PtL) developer Liquid Wind has announced that Uniper Sweden, a subsidiary of Germany-headed power and gas major Uniper SE, will become a partner and the second-largest investor in Liquid Wind. The value of the planned investment has not been disclosed.
Liquid Wind is currently in the process of developing its first eMethanol production facility in Örnsköldsvik, on the northeast coast of Sweden. Once operational, anticipated in late 2023/early 2024, the commercial-scale facility will produce 50 000 tonnes per annum of eMethanol, using wind power and captured, biogenic carbon dioxide (CO2) from a biomass-fired combined heat and power (CHP) plant.
The green methanol is expected to be used as a marine biofuel enabling carbon neutral shipping.
Demand for cleaner shipping fuel is growing, and we aim to develop and build 500 facilities by 2050. This will prevent the release of an additional 50 million tons of carbon dioxide every year, which is the equivalent of Sweden’s total annual emissions, said Claes Fredriksson, CEO, and Founder, Liquid Wind.
Electro-fuels (e-fuels) based on hydrogen is a rapidly growing opportunity, that in short is about producing liquid, fossil-free fuel with the help of renewable electricity. Uniper is a leading player in Europe when it comes to hydrogen and has several projects under development in Sweden, in addition to projects on continental Europe.
Our strong expertise within hydrogen will be beneficial for Liquid Wind, at the same time, we will also gain knowledge and experience in electro-fuels. Sweden is facing a new energy evolution, and Uniper plans to support the transition to a carbon-neutral society whilst at the same time developing the industry’s competitiveness. Within 30 years, we need to increase electricity production by up to 100 terawatt-hours. That development is driven by, among other things, eFuels. Liquid Wind has a strong business model and Uniper plans to take a central position in the distribution of eMethanol, said Johan Svenningsson, CEO, Uniper Sweden.
The transport sector is a major source of emissions and needs to become fossil-free. Liquid Wind will primarily focus on shipping and heavy-duty transport, where there is a large need for fossil-free, liquid fuel. This is where electro-fuels such as eMethanol will play an important role in the future.
We are delighted to have the opportunity to work with Uniper and gain the support of their broad and deep knowledge. We are looking forward to working closely with them and identifying further areas where together we can create more value and enable a faster transition to a fossil-free world, ended Claes Fredriksson.