Steeper Energy kondigt biobrandstofproject van 50,6 miljoen euro met Noors-Zweedse joint venture Silva Green Fuel
KOPENHAGEN, Denemarken–(BUSINESS WIRE)– Steeper Energy, een Deens-Canadees bedrijf in schone energie, werkt samen met de Noors-Zweedse joint venture Silva Green Fuel aan een industriële centrale van 50,6 miljoen euro (377 miljoen Deense kroon) in een voormalige installatie voor houtpulpverwerking in het Noorse Tofte. De centrale is bedoeld als demonstratiemodel dat in de toekomst moet leiden tot een commercieel project.
Steeper verschaft Silva een licentie voor zijn gepatenteerde Hydrofaction™ -technologie, dat de faciliteit in de komende achttien maanden opbouwt. De demonstratie-installatie gebruikt houtresten als grondstof die wordt verwerkt tot hernieuwbare ruwe olie. Die olie wordt geüpgraded naar hernieuwbare diesel of brandstof voor de lucht- en scheepvaart.
Steeper Energy Announces EUR 50.6 M (DKK 377 M) Advanced Biofuel Project with Norwegian-Swedish joint venture Silva Green Fuel in Licensing Deal
COPENHAGEN, Denmark–(BUSINESS WIRE)– Steeper Energy, a Danish-Canadian clean-fuel company, is partnering with Silva Green Fuel, a Norwegian-Swedish joint venture, to construct a EUR 50.6 M (DKK 377M) industrial scale demonstration plant at a former pulp mill located in Tofte, Norway leading to a future commercial scale project.
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Steeper will license its proprietary Hydrofaction™ technology to Silva, who will build the facility over the next 18 months. The demonstration plant will use woody residues as feedstock that are converted to renewable crude oil and, in turn, will be upgraded to renewable diesel, jet or marine fuel.
Steeper’s Hydrofaction™ technology was selected by Silva after an exhaustive due diligence review of some 40 other technologies. Hydrofaction™ harnesses water brought to super-critical conditions, to cost effectively convert biomass to high-value liquid biofuels.
The partnership between Silva Green Fuel and Steeper will confirm engineering data and design protocols to de-risk future commercial scale facilities planned to be built by Silva and will be offered by Steeper globally to other biofuel project developers.
Silva is a joint venture between Norway’s Statkraft, a leading company in hydropower internationally and Europe’s largest generator of renewable energy, and Sweden’s Södra, a cooperative of 50,000 forest owners with extensive forestry operations and a leading producer of paper pulp, sawn timber and bioenergy.
With global trade growth, heavy and long-haul transport sector emissions are increasing, and low-carbon options for road diesel, marine and jet biofuels will help meet carbon reduction targets.
Steeper’s biofuel easily integrates into existing petroleum infrastructure and is physically comparable to fossil fuels. Hydrofaction™ utilizes many other feedstocks, including organic wastes, agricultural residues, and animal manure.
Steeper is entertaining partnerships with biomass aggregators or energy producers to develop similar commercial-scale projects, and is grateful to the European Commission’s Horizon 2020 SME program for financial support.
Steeper Energy is a Danish-Canadian clean-fuels company focused on commercializing our proprietary Hydrofaction™ technology to provide cost-effective biofuels compatible with the existing fossil fuel infrastructure. We transform low-value biomass into high-value biofuel that helps companies and countries meet carbon emission reduction targets. Contact us at steeperenergy.com.
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Contacts
Steeper Energy
Perry Toms, CEO
pt@steeperenergy.com
Danish Mobile: +45 52 76 31 88
Canadian Mobile: +1 403 606 8954
or
Bob Moll, Director, Operations and Engineering
bm@steeperenergy.com
+1 403 669 1793