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Liquid Wind and SAMSUNG E&A partner to accelerate the development of eFuel facilities

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Liquid Wind and SAMSUNG E&A announce the entering into a collaboration agreement to accelerate the development of eFuel facilities outside of Europe, in Asia, Africa, and the Middle East. The partnership aims to combine each party’s expertise to evaluate opportunities for collaboration in eFuel facility development, extending Liquid Wind’s reach and ongoing business development.

Claes Fredriksson, CEO and founder Liquid Wind. In Kyo Cheong, Minister for Trade, Industry and Energy. Hong Namkoong, President and CEO of SAMSUNG E&A.

Under the collaboration, SAMSUNG E&A may be engaged to supply the engineering services of Liquid Wind’s future eFuel facility projects outside of Europe, in Asia, Africa, and the Middle East. The partnership supports Liquid Wind’s long-term objectives and its market strategy to develop and deploy eFuel facilities and expand globally.

Claes Fredriksson, CEO and founder of Liquid Wind, says:

“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.”

Hong Namkoong, President and CEO of SAMSUNG E&A, says:

“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.”

The collaboration agreement was signed by Claes Fredriksson, CEO and founder of Liquid Wind, and Hong Namkoong, President and CEO of SAMSUNG E&A. The signing ceremony took place in Seoul during the Sweden-South Korea Strategic Summit on 5 December 2024 and in presence of a large high-level business delegation to Japan and South Korea, led by Business Sweden.

*On 21 November 2024, Liquid Wind announced the raise of €44 million ($47m USD) in Series C financing with Uniper, Hycap and Samsung Ventures to meet the increasing demand for low-carbon fuels. The raise represents one of the largest European funding rounds in the eFuel sector this year and will accelerate the development of green eFuel production for hard-to-abate sectors including shipping.

**Engineering, procurement, and construction


 

Media contacts

Liquid Wind

Klaudija Cavala, Head of PR, Marketing & Communications
media@liquidwind.com

 

About Liquid Wind

Liquid Wind is a leading developer of eFuel production facilities with a vision to reduce the world’s dependency on fossil fuel. Liquid Wind has a solid pipeline of facility projects in development with the goal of reaching 10 projects by 2027. Headquartered in Gothenburg, Sweden and present in Denmark, Finland and the UK, Liquid Wind has approx. 75 employees. Liquid Wind has a strong group of investors, including Alfa Laval, Carbon Clean, Elyse Energy, HYCAP, Samsung Ventures, Siemens Energy, Topsoe and Uniper.

Visit liquidwind.com or follow us on LinkedIn and X.

  

About SAMSUNG E&A

At SAMSUNG E&A, we aim to create value based on the world’s best technological competence and contribute to our clients, society, and people. SAMSUNG E&A, a total solutions provider, offers comprehensive solutions for the global energy industry. SAMSUNG E&A has completed more than 1,500 projects worldwide.

To prepare for ESG-based eco-friendly businesses, we expanded our value chain to operating green infrastructure businesses, such as water treatment facilities and incinerators, and green solution businesses for energy optimization and carbon neutrality. To preemptively respond to changes in the global energy industry and take the lead in resolving global warming, we will provide optimal solutions based on our technologies and expertise

For more information, please visit www.samsungena.com

Tags:

Sweden shipping South Korea methanol Decarbonisation Claes Fredriksson electrofuel eMethanol Liquid Wind green hydrogen Power-to-X eFuel Fossil-free fuel P-t-x Hard-to-abate sectors SAMSUNG EA Hong Namkoong

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Quick facts

Liquid Wind is a leading developer of commercial-scale eFuel facilities. We aim to advance the electrification of hard-to-abate sectors such as global shipping and accelerate the transition to a world without dependency on fossil fuel.
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With 100,000 vessels in operation today, shipping emits about 1 billion tons of CO2 annually, or 3% of global greenhouse gas emissions. To address this, the International Maritime Organization, IMO, aims for net zero emissions by 2050, with 5% to 10% of shipping energy coming from alternative fuels by 2030. Achieving these goals requires a shift to cleaner fuels or energy sources. The recent surge of over 300 orders for Methanol dual-fuel vessels, surpassing LNG-powered ships, shows significant progress toward adopting greener fuel alternatives.
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Quotes

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.
Claes Fredriksson, CEO and founder of Liquid Wind
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.
Hong Namkoong, President & CEO of SAMSUNG E&A