The Swedish startup has recently launched its second funding campaign and has already raised SEK 1 million.
The funding will allow Liquid Wind to speed up its momentum by bringing eMethanol to market at scale and reducing transport carbon emissions.
“It is great to see the passion and support for sustainable fuel options. There is a huge need for alternatives and Liquid Wind are in a fantastic position to address this gap. We have expert partners in place to create cost-competitive, liquid fuel and are in active discussions with potential customers who need an accessible solution to reduce emissions fast.”Claes Fredriksson, CEO Liquid Wind.
Liquid Wind is developing its first commercial eMethanol facility in Sweden and is planning to establish six facilities before expanding internationally by 2030. The project is supported by the Axpo, COWI, Carbon Clean Solutions, Haldor Topsoe, Nel Hydrogen, and Siemens expertise and technology.
Each facility will produce 45.000 tons of fuel, which will allow a reduction of 90.000 tons of carbon dioxide annually by replacing fossil fuels.
Facility design is underway and funds will be used to support engineering and permit work leading up to the facility’s financial closure in 2021. The eMethanol will be available commercially from 2023.
“Especially in times like these, we see that it is essential to support and invest in scalable sustainable solutions that will enable us to significantly reduce carbon emissions, whilst maintaining and growing economic activity. Sweden plans to lead the way in reducing carbon emission from transport, however we currently lack fuel at the scale needed to make these important targets a reality. Liquid Wind will address this gap and the funds raised will accelerate the transition and allow us to build more facilities faster.”Claes Fredriksson, CEO Liquid Wind.