Liquid Wind and Övik Energi Partner for Major eFuel Facility Development in Sweden
Key Ideas
- Liquid Wind and Övik Energi collaborate to establish a large eFuel production facility in Örnsköldsvik, Sweden, aiming to be one of Europe's largest eFuel facilities.
- The project is set to start in spring 2025, with a target of producing 100,000 tons of eMethanol annually, doubling the initial production plans.
- The move is crucial for meeting the rising demand for low-carbon fuels in sectors like shipping and aviation while aiding the phase-out of fossil fuels.
- Projections indicate a substantial market growth for green methanol, with estimates reaching billions of euros by 2030, signaling a significant market diversification.
Liquid Wind has announced a notable partnership with Övik Energi to develop a substantial eFuel production facility in Örnsköldsvik, Sweden. In collaboration with Övik Energi, who will supply biogenic carbon dioxide, Liquid Wind aims to establish one of Europe's largest eFuel production sites, with operations commencing in spring 2025. The facility is anticipated to generate around 100,000 tons of eMethanol annually, marking a significant increase from the original production plans. This initiative is crucial to meeting the escalating demand for low-carbon fuels in industries like shipping and aviation, supporting the global transition away from fossil fuels. The CEO of Liquid Wind, Claes Fredriksson, emphasized the strong customer demand for sustainable fuels and expressed enthusiasm for the project's potential contributions. Market projections from reputable sources foresee substantial growth in the green methanol market, with estimates reaching billions of euros by 2030, particularly in the chemical industry. Roland Nordin, the CEO of Övik Energi, expressed excitement about the partnership's potential to drive green transition efforts in Örnsköldsvik, leveraging renewable energy sources for operational sustainability. The collaborative effort between Liquid Wind and Övik Energi signifies a strategic move towards advancing sustainability and fostering industrial collaboration within the region.
Topics
Projects
Renewable Energy
Sustainability
Collaboration
Green Transition
EU Market
Industry Diversification
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