Liquid Sun secures nearly €4 million in funding for SAF production
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
Liquid Sun has secured Voima Ventures, a venture capital firm focusing on clean technology, as its lead investor. Voima's portfolio includes companies like Solar Foods Plc, which produces protein using carbon dioxide captured from the air, hydrogen, and electricity; Enifer Oy, which recycles agricultural by-products; and the Swedish company Cellfion AB, which develops hydrogen, battery, and ion separation technologies. Also playing a key role as co-lead investor is Failup Ventures, a Finnish-American venture capital firm, and Business Finland.
By 2050, 70% of aviation fuel used at EU airports must be sustainably produced, i.e., SAF, and 50% of this must be synthetically produced SAF, eSAF, made possible by Liquid Sun's low-temperature electrolyser. Blending mandates will ensure that every drop of eSAF available on the market will be used.
In spring 2024, the company announced it would be process-testing the industrial production capability of eSAF. Following a successful pilot and funding round, the next major step is implementing Finland's first pre-commercial demonstration plant in a 66 m2 shipping container. This upcoming demo facility will take the technology to an entirely new level and lay the foundation for large-scale eSAF production.
An unexpected competitive advantage comes from Finland's northern location: the vast biogenic CO2 resources from the Finnish forest industry provide an ideal foundation for developing and building the eSAF ecosystem. Liquid Sun intends to make Finland a leader in eSAF production.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/27112024/liquid-sun-secures-nearly-4-million-in-funding-for-saf-production/
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