I am pleased to announce this new collaboration after welcoming Samsung Ventures as a new shareholder in Liquid Wind*. In line with our company’s strategy of growing our global presence in the eFuel space, and through this partnership, we will explore the feasibility of developing eFuel facilities outside of Europe to meet the increasing market demand of fossil-free fuel.

Building on our strong legacy as a leader in Oil & Gas EPC, SAMSUNG E&A acknowledges the pivotal role of eFuels in combating climate change. By harnessing our expertise in EPC and modular manufacturing, we are committed to driving growth in the eFuel market. Through our strategic collaboration with Liquid Wind, we aim to ensure the successful delivery of their eFuel projects, advance efforts to mitigate climate change, and unlock new business opportunities in this transformative sector.

Global shipping has realised the urgency of low-carbon eFuels as a commercial necessity to meet sustainability targets and new regulations. The demand for low-carbon maritime fuels is undeniable, and we are seeing major shipping companies launching eFuel-powered vessels. Our shareholders recognise this, and we are pleased to welcome Samsung Ventures as a new investor, alongside continued support from Uniper and HYCAP. This backing strengthens our capacity to accelerate production and advance our vision to reduce the world’s dependency on fossil fuel. The investment, the largest in our company history, reflects their confidence in Liquid Wind’s potential to scale eFuel production in the years to come.

We believe that only through a partnership approach can the visionary projects needed for the energy transition be truly successful. Joint projects such as NorthStarH2, which aims to produce 100,000 tons of eMethanol for use in shipping and the chemical industry, can lead the way. Our ongoing partnership with Liquid Wind has proven to be very fruitful, and we look forward to achieving further milestones together and actively shaping the future of the energy industry. This continued collaboration fits perfectly with Uniper's commitment to achieve carbon neutrality by 2040.

It’s exciting to find a company that has the potential to disrupt multiple industries and simultaneously make carbon-free energy a reality. Liquid Wind is moving forward quickly into a market that is well set for a combination of growth and revenue potential.

We are pleased to strengthen our backing for Liquid Wind and its innovative eFuel facilities. Their standardised approach to scaling low-carbon fuel production is exactly what the maritime sector needs to meet its decarbonisation targets. Since our initial investment, Claes and the team have demonstrated a laser focus on delivering the underlying projects and accelerating energy transition in the maritime sector.

We are very pleased to be part of Uniper’s NorthStarH2 project. NorthStarH2 shows clearly that Sweden continues to drive the green transition with the help of the country’s renewable sources, and that eFuel will play a crucial role in electrifying numerous sectors such as shipping, aviation and chemical industries. This collaboration project, together with Uniper, represents another step forward for Liquid Wind, highlighting the importance of partnership in combination with cutting-edge technology in the fight against global warming.

NorthStarH2 plays a pivotal role in Uniper's commitment to drive the energy transition. With this innovative project for the production of green methanol, we are breaking new ground with Liquid Wind – both in terms of technology and in the way we collaborate. We believe that only through a new partnership-driven approach can visionary projects like this succeed. Together, we are shaping the future of sustainable energy supply.

Decarbonization requires committed collaboration across the value chain to reach the results that will contribute to reducing global warming. By entering this strategic partnership, we combine our companies' strengths to drive and enhance execution and the green transition. We look forward to further strengthening our collaboration with Uniper which we initiated back in 2020.

We can accelerate the necessary transformation together by increasing our cooperation through this strategic partnership. Producing fossil-free liquid fuels, so called eFuels, is of strategic importance for succeeding with the green transformation. One of the main sectors to decarbonize is the transportation sector, land-based, air-based and maritime. This is a vital part of Uniper’s strategy. The Swedish power system is basically fossil-free; now, we are taking steps to make the whole Swedish energy system less dependent on fossil fuels. Sweden has excellent opportunities for leading this development and our partnership with Liquid Wind puts us right at the forefront.

We have reached yet another milestone on Liquid Wind's journey and ambition to reduce dependency on fossil fuel in hard-to-abate sectors, such as long-distance shipping. We are very pleased with this confirmation, which means that FlagshipTWO will become Europe’s largest production facility of eFuels and further support the green transition.

We congratulate Liquid Wind on the received environmental permit, and we will continue to investigate the possibility of establishing Sundsvall as a hub for the production of future fuels.

We are proud to partner with Wasaline to power the Aurora Botnia ferry with eMethanol. The Letter of Intent showcases the strong possibilities and growing demand for eFuels in the Nordics and beyond. Together with Umeå Energi, we are now putting local and regional infrastructure and supply in place, in Northern Sweden.

I am delighted that we are expanding our alliance with Liquid Wind and welcoming Wasaline to our esteemed list of partners. This cross-border collaboration is pivotal for us as we strive to make the essential shift towards a sustainable future.

Together with Liquid Wind and Umeå Energi, we are investigating the possibilities and challenges in decarbonizing our route as part of a green corridor between Vaasa and Umeå. By using eMethanol as one option, we would use electrofuel that is locally produced, which also minimizes the transport distances. We are eager to investigate this option together.

We are delighted to be inaugurating the eFuel Design & Performance Centre, and to contribute with the project development know-how required for driving the electrification of the transportation sector. Our unique and long collaboration will continue to lead the green transition and production of sustainable fuels.

There will be no energy transition without green molecules. But for green hydrogen and eFuels to become a sustainable and competitive alternative, we need scalable, standardized, and optimized production facilities. The joint work of all partners in this Design and Performance Centre will make a significant contribution to getting this new industry up and running as quickly as possible.

To accelerate decarbonization we need strong collaborations across the energy sector. We are therefore proud to be part of this partnership serving as a key technology provider. Our products and solutions actively support existing applications in the decarbonization of electricity, heating & cooling, fuels and chemicals. The new Design and Performance Centre enhances our joint focus on innovation for faster implementation of scalable and commercially viable solutions in the eFuel area.

We are proud to bring our expertise and experience to the eFuel Design & Performance Centre, which will foster an environment of innovation that will accelerate progress. Collaboration is essential to achieving decarbonization goals, especially for hard-to-abate sectors, such as shipping. Carbon Clean’s proprietary solvent and modular point-source technology are at the forefront of demonstrating the vital role of carbon capture in contributing to the commercialization and at-scale deployment of eFuels.

The maritime industry is responsible for 3% of global carbon emissions. It is therefore one of the most important sectors to decarbonize, which is exactly the purpose of the Liquid Wind consortium. With the opening of the Design and Performance Centre, our teams will have a shared platform for developing state of the art-solutions, and we’re dedicated to accelerating the decarbonization of shipping.

The application for the environmental permit clearly shows Liquid Wind’s commitment to a world without dependency on fossil fuels and solidifies our position as a major player in the eFuel value chain. Electrofuels are crucial for the decarbonization of hard-to-abate industries such as shipping which consumes 300 million tons of fossil fuels annually. By transitioning to electrofuels, we can reduce carbon emissions by over 90%. By committing to Umeå as site location, we also help create green jobs in the region, both direct and indirect.

We are excited to announce the development of our first project in Finland, together with NordFuel and Puhuri. Liquid Wind is focused on leading the development and production of green electrofuel. The electrofuel produced in Haapavesi will be used to decarbonize hard-to-abate industries like shipping; with the facility in Finland, we are one step closer to seeing a world without dependency on fossil fuels.

We are glad to cooperate with Liquid Wind, one of the most significant actors in the field of electrofuels. Circular economy and zero-waste principle are in the core of NordFuel’s business idea. Liquid Wind’s technology enables us to utilize the carbon dioxide that will come out of the biorefinery’s process the most effective way possible. The industrial infrastructure in Haapavesi offers an excellent basis for the planned electrofuel facility.

As a Haapavesi based company we are proud to announce the development work we are committed to together with Liquid Wind and NordFuel. There is a huge green energy consortium under development in Haapavesi. We need this kind of development to fully utilize Finnish wind power capacity.

I am honored to receive the Capgemini Nordic Sustainability Tech Award on behalf of the Liquid Wind team. It feels great to be recognized as an innovative tech company creating practicable solutions for a sustainable future.

Set out to reduce the dependency on fossil fuel, the Swedish winner of Capgemini Nordic Sustainability Tech Award is making great progress pioneering the field of eFuel production. This will accelerate the transition to carbon neutral shipping and reduce global carbon emissions.

We are very proud and honored to receive Sweden's most prestigious award for climate innovation. This is a true recognition for our team, our partners, our supporters, and our vision towards creating a world without dependency on fossil fuels.

Liquid Wind is proud to be part of the North Sweden delegation at European Hydrogen Week this year. Northern Sweden is a very attractive geographical location for our electrofuel development projects, and together with our valued partners we are fully committed to playing an active role in shaping the future of sustainable energy and driving the green industrial transition in Sweden and Europe.

The collaboration with our “community partners” has been great for several years, having initially started back in 2018 with a few partners. It is exciting to see our joint efforts intensifying, elevating the degree of both our integration and transparency. Since we began in 2018, numerous developments have taken place within Liquid Wind and also in the market. The coming years will be filled with stimulating and exciting value-generating teamwork.

We want to build on the successful foundation of our partnership on FlagshipONE and amplify it by introducing an improved and further scaled design for the next generation of eMethanol plants.

We are very pleased to be a part of this important eFuel project which is an essential building block for the decarbonization of shipping and the overall race to reach net zero. We strongly believe in partnership to win that race and develop the right solution from the start. So, we are excited to drive and accelerate this transformation alongside Liquid Wind and partners, developing and implementing innovative solutions and contributing with our unique expertise in heat transfer and energy optimization at Alfa Laval.

Our continued partnership with Liquid Wind demonstrates the role carbon capture must play in decarbonizing hard-to-abate sectors, such as shipping. Carbon Clean’s modular point-source carbon capture technology is the most efficient and cost-effective means of decarbonizing many industries, and it will play a vital role in accelerating eMethanol facilities. I look forward to collaborating with the other industry leaders on many more projects to come – showcasing the U in CCUS as a perfect utilization example.

At Topsoe, we're thrilled to collaborate with other decarbonization leaders on this project, driving a faster transition towards a sustainable shipping industry. The sharp rise of CO2 emissions within the maritime sector (to 5% in 2022) is a stark reminder for the urgency of our collective mission. Inspired by Liquid Wind's visionary approach and united by the pioneering spirit of the project's leaders, we stand poised to demonstrate that, when harnessed, the technology available today can propel a swift transition to a more sustainable maritime future. The time for change is now. This endeavour exemplifies the accelerated progress possible through industry-wide collaboration, and we're deeply honoured to be at the forefront of this pivotal transformation.

FlagshipONE is a pioneering project that will open a new era for green shipping and for Ørsted. I’m very pleased that we’ve now started on-site construction together with other green fuel leaders from across the supply chain, and together with representatives from Örnsköldsvik, Västernorrlands Län and Sweden at large. FlagshipONE will be the first project in a new green industry in Sweden, which Ørsted intends to spearhead.

FlagshipONE will soon become the largest commercial-scale electrofuel facility in Europe and at Liquid Wind we are thrilled that Ørsted is now starting the construction phase of the project. FlagshipONE is our first sold project and is just the beginning of our journey to become the leading developer of electrofuel facilities. This milestone will hopefully inspire many others to also contribute to the decarbonization of shipping. Today is a historical day for Sweden as we put the country on the map as a developer and producer of green electrofuel. All with the intent of reducing the world's dependence on fossil fuels.

Today, we celebrate a long-awaited milestone towards finally seeing FlagshipONE take shape adjacent to our power plant. Through Ørsted and the new e-methanol facility we’ve gained a significant new industrial customer at the High Coast Innovation Park while at the same achieving a reduced carbon footprint. We welcome Ørsted to Örnsköldsvik and look forward to the realisation of this important green initiative.

With the introduction of alternative fuels, a broad range of products with varying production pathways and respective emission intensities enter the market. The emission reduction contribution of a fuel directly correlates with their Well-to-Wake (WTW) emission value. Therefore, fuel prices will reflect the WTW values of a specific fuel. eMethanol and its very low intensity offers a great reduction potential for shipping companies and their customers.

We are excited to take our FlagshipTWO plans to the next level, and we hope for a transparent and efficient permit process. The facility will be an important part of the green transition in Sundsvall, the Region Västernorrland and Sweden, as well as for the maritime industry’s global transition.

We are looking forward to our partnership with Umeå Energi and their future-oriented vision which results in the possibility to jointly establish the first electrofuel facility in Region Västerbotten. The Dåva facility will follow the Örnsköldsvik and Sundsvall facilities already being developed in Västernorrland. The transition to electrofuels in the maritime sector which uses 300 million tons of fossil fuels every year is very urgent. With electrofuel replacing today’s fossil fuels, carbon dioxide emissions can be reduced by over 90%.

As an energy company we play an important role in reducing both society’s climate footprint and the footprint from our operations. Capturing the carbon dioxide from the Dåva cogeneration plant will allow us to take yet another step towards circularity. Umeå Municipality has pledged that the city of Umeå will be climate neutral by 2030, and the municipality itself by 2040. The establishment of an electrofuel production plant at Dåva could be an important step in that direction.

This is fantastic news and represents an ambition that could entail a considerable strengthening of Umeå’s green industry. The establishment of the electrofuel facility would contribute decisively to the municipality’s climate goals. Furthermore, more jobs will be created and through our proximity to a brand-new rail terminal we will be able to ensure sustainable logistics. This might in turn attract more companies within the sector to establish themselves here. We welcome the establishment of the facility, which will be a great help in developing Umeå’s green industry and Dåva business park.

At Liquid Wind we are thrilled to have reached this point together with Ørsted and Övik Energi. The fact that FlagshipONE will be the largest commercial scale electrofuel plant in Europe is extra exciting as we are breaking new ground and hopefully inspiring others to also contribute to the decarbonisation of shipping. Coming together with our partners and investors we are committed to drastically grow production of green electrofuel and reduce the worlds dependency on fossil fuels. Stay tuned for more to come.

Now more than ever, the world needs bold green energy projects to fight climate change, decarbonise hard to electrify sectors, and secure regional energy independence. Ørsted is determined to lead the green transformation of society, and that’s exactly what we’re doing by constructing projects like FlagshipONE. eMethanol is the best solution currently available to decarbonise hard-to-electrify sectors like global shipping, and with this first commercial scale project, Ørsted will break first ground on advancing our industry-leading pipeline of e-methanol projects.

We’re very pleased that we have successfully co-developed FlagshipONE together with Liquid Wind, and we look forward to starting construction of this world class Power-to-X asset. Together with Liquid Wind, we’ve proven that large-scale production of sustainable eMethanol is possible, and I believe that FlagshipONE will become a milestone in the green transformation of the maritime sector.

We have only just begun the journey to become the leading player of electrofuel. Our liquid electrofuel is the most sustainable- and quickest to implement green alternative to fossil fuels in shipping. It is also without doubt the best green alternative when electrification, by for example batteries, is not an option due to range or volume.

We are already one of Europe’s most important bunker hubs and are aiming for the same within electrofuels. Several shipping companies that use the Port of Gothenburg today have ships on the way that are ready to run on electrofuels, and we have the operating regulations necessary in place to be able to bunker these ships.

The energy sector, incl. the hard to decarbonize transport sector, needs transformation towards green and secure energy supply. Renewable molecules like Methanol enable transportability, storability and applicability of renewable energy sources in these hard to decarbonize sectors. European solutions are needed more than ever and together with our strong partners, we have now achieved an important milestone to further support Liquid Wind's growth.

We are really excited to support and develop efficient technical solutions to make electrofuel a reality together with Liquid Wind. It will be an important part of a more sustainable future. Alfa Laval heat transfer and separation technologies are already being used in applications to support the decarbonization of electricity, heating & cooling, fuels and chemicals. We keep on pushing the boundaries, and working closely with our partners, to take us another step closer to tomorrows energy infrastructure.

We are excited to be part of Liquid Wind’s efforts to develop and establish production of green electrofuels, like eMethanol, which can facilitate the decarbonization of hard-to-abate sectors, including the maritime industry. The maritime industry is one of the single biggest emitters of greenhouse gases and, therefore, an industry where green fuel alternatives are needed to achieve a sustainable future. Topsoe’s mission is exactly to support our partners like Liquid Wind in combating climate change.

We are very excited to receive this latest round of funding from our existing strategic shareholders and HyCap. Their valued support is evidence of the importance and urgency of bringing green electrofuel to market. Furthermore, it is a confirmation of the trust our partners have in Liquid Wind and our team.