First facility will generate up to 50,000 tones marine e-methanol annually from 2024
Liquid Wind, the private Swedish company aiming to produce e-methanol for shipping, has been awarded a 151m Kroner ($16.7m) government grant towards the construction of its production site in the north of the country.
The company, established in 2015, has been raising finance in recent years as it looks to build up its capability to make e-methanol, a fuel made using captured CO2 and hydrogen made from renewable electricity. Its first site, already named FlagshipOne, is to be in connection with an existing heat and power facility in the Örnsöldvik from where the CO2 is collected.
The Swedish company says construction of its production plant will begin in early 2022 with production of e-methanol set to start in 2024. The site will produce up to 50,000 marine e-methanol a year.
In a press message Liquid Wind CEO Claes Fredriksson said that the state grant gives the company an opportunity to utilise resources that already exist in Sweden and to quickly implement what he believes will be the first of many production facilities.
The project to build the facility and develop e-methanol is in partnership with Alfa Laval, Carbon Clean, Haldor Topsoe, Siemens Energy, Uniper and Worley.