Liquid Wind goes crowdfunding with Frontfundr in Canada for Swedish e-fuel
The Swedish electro-fuel (e-fuel) developer Liquid Wind is crowdfunding in Canada, following two rounds in Europe. Canada, the company says, could be a prime location for e-fuel production and it is seeking funds in partnership with the Crowdfunding platform, FrontFundr. Liquid Wind aims to raise EUR 1 million (CA$1.5 million) to accelerate the development of its first e-fuel production facility, in Sweden.
Liquid Wind will develop, build, and manage e-methanol facilities to meet the growing demand for liquid renewable fuel. The long-term goal is to reach 500 facilities by 2050, providing 25 million tonnes of fuel and utilizing 50 million tonnes of captured carbon dioxide (CO2) annually.
According to the company, 245 crowdfunders have invested over EUR 0.5 million (CA$0.75 million) in the company to date, during the companies previous European crowdfunding rounds. The company is now looking to raise funds in Canada.
Canada has a growing industry in both hydrogen and carbon capture, and Liquid Wind provides a great compliment to both of these industries. I am excited to connect with Canadians to accelerate our collective, climate-neutral future, commented Claes Fredriksson, CEO, and Founder of Liquid Wind.
We’re thrilled to launch Liquid Wind on our platform. With its innovative solution, the company is able to turn carbon emissions into renewable fuel, leading the way toward sustainable shipping and a greener world. With the listing of Liquid Wind on FrontFundr, everyone can now be a change-maker by investing in a carbon-neutral future, said Peter-Paul Van Hoeken, CEO of FrontFundr.
Liquid Wind will use the funds to support the development of their first facility, on the north-east coast of Sweden. The company recently announced its partnership with municipal energy utility, Övik Energi, which will provide both the biogenic CO2 and site.
Once the facility is operational, from 2024, the company plans to establish many more facilities and sees promising opportunities in Canada.
With access to low-cost renewable electricity and biogenic carbon dioxide emissions, Canada is an ideal location for producing cost-effective carbon-neutral electro-fuel, ended Claes Fredriksson.