Liquid Wind and Samsung E&A's Green Hydrogen Partnership Expansion
Key Ideas
- Liquid Wind and Samsung E&A collaborate to develop green hydrogen-based e-fuel facilities in Asia, Africa, and the Middle East.
- Liquid Wind aims to establish between 100 and 300 e-fuel facilities globally by 2040, supported by recent investments and partnerships.
- The focus is currently on e-methanol production to meet the demand in the shipping industry.
- The partnership emphasizes driving growth in the e-fuel market, climate change mitigation, and creating new business opportunities.
Liquid Wind and Samsung E&A have joined forces to work on developing green hydrogen-based e-fuel facilities in regions like Asia, Africa, and the Middle East. This collaboration comes after Samsung Venture's recent investment in Liquid Wind, leading to the oil and gas EPC firm providing engineering services for Liquid Wind's projects outside of Europe. With the goal of establishing between 100 and 300 e-fuel facilities globally by 2040, Liquid Wind aims to meet the rising demand for fossil-free fuel. The company's recent Series C financing round raised €44m, with plans to develop 10 e-fuel facilities by 2027. Liquid Wind's current focus is on e-methanol production to cater to the shipping industry's needs. Samsung E&A's President and CEO expressed commitment to leveraging their expertise in EPC and modular manufacturing to drive growth in the e-fuel market. The strategic collaboration with Liquid Wind aims to ensure the successful delivery of e-fuel projects, contribute to climate change mitigation, and unlock new business prospects in the sector. This partnership reflects a positive outlook on hydrogen as a key player in the transition to renewable energy sources.