Liquid Wind, the Swedish power-to-liquids development company has revealed that it has successfully crowdfunded over SEK 2.7 million (≈ EUR 260 000) in a second funding round. Over 250 individuals have now invested in Liquid Wind to support the development of carbon-neutral eMethanol fuel facilities and accelerate the transition from fossil fuels.
Liquid Wind plans to set-up commercial-scale eMethanol facilities in Scandinavia. Using renewable electricity, each facility will contain state-of-the-art technology to efficiently convert biogenic carbon dioxide (CO2) into carbon-neutral electro-fuel, eMethanol for transportation, and the chemical industry.
The world needs much more sustainable fuel. Governments and corporations are making strong commitments to reduce carbon emissions, but we need access to viable alternatives to make that happen. Support for renewable fuels such as eMethanol is growing, but we need to accelerate this progress so we can reduce emissions and meet our sustainability commitments, commented Claes Fredriksson, CEO, and Founder of Liquid Wind.
Follow the wind power business model
Liquid Wind plans to follow the business model used to successfully scale the wind power sector, developing and structuring eMethanol facilities for project financing, to attract infrastructure investors.
Each facility will be organised as a Special Purpose Vehicle with long-term supply contracts for power and CO2, and off-take agreements for the electro-fuel dubbed eMPAs – eMethanol Purchase Agreements – as well as the appropriate permits.
This approach has proven successful in attracting investments to develop wind power and we have a valuable opportunity to use the same structure to finance and scale renewable fuel. Investors are looking for new opportunities and we are excited to be able to provide attractive and sustainable options that will accelerate the transition from fossil fuels and support our green recovery, said Claes Fredriksson.
Liquid Wind is planning the first eMethanol facility in northern Sweden, which they expect to be operational from 2023. An additional five facilities are planned in Scandinavia before 2030, at which point the model will be replicated and licensed internationally. The company remains open for investment and plans to close its Series A investment round at the end of July.
courtesy Liquid Wind).
