Alfa Laval acquires stake in electro-fuel developer Liquid Wind
Alfa Laval – a world leader in heat transfer, centrifugal separation, and fluid handling – has disclosed that it has become a partner in the Swedish company Liquid Wind AB, which develops electro-fuel (e-fuel) facilities to produce renewable clean fuels.
Liquid Wind is a Power-to-Liquids (PtL) company that develops and finances commercial-scale eMethanol facilities. Each facility captures and concentrates biogenic carbon dioxide (CO2) emissions from industry and combines it with hydrogen, made from renewable electricity and water, to produce green methanol.
Alfa Laval has acquired a small stake in the company and will join the consortium together with; Carbon Clean, Siemens Energy, and Haldor Topsoe. The closing date was March 15, 2021.
This is an important partnership as we together with other major players will be part of the growing Power-to-X market, and thereby drive the development of technical solutions that will have an impact on future fuel options. With collaborations like this, we expand the technical borders and contribute to creating a more sustainable society, said Susanne Pahlén Åklundh, President of the Energy Division at Alfa Laval.
Based on its expertise in energy efficiency and optimization, Alfa Laval will be part of the board and contribute to the design of eMethanol facilities where heat exchangers will be installed as key components in the main system, as well as in the process steps of green hydrogen, carbon capture, and methanol synthesis.
We are very happy to strengthen the Liquid Wind consortium with a world-class Swedish industrial player with unparalleled experience. Their valuable knowledge will increase efficiency and deliver additional shared value, said Claes Fredriksson, CEO, and Founder of Liquid Wind
According to the World Energy Council (WEC), the global demand for carbon-neutral synthetic fuels, the so-called P2X market where “x” can stand for methanol, hydrogen, methane, etc, is estimated to reach up to 20 000 TWh by 2050, which is equivalent to 50 percent of current fossil fuel consumption.