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Liquid Wind partners with Turun Seudun Energiantuotanto Oy for the establishment of an eFuel facility in Finland

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Liquid Wind and Turun Seudun Energiantuotanto Oy (TSE) announce the signing of a Memorandum of Understanding (MoU) for the development of an eFuel facility in Naantali, Finland.

TSE facility site in Naantali, Finland. Image: TSE

The MoU indicates the launch of a close cooperation and is one of Finland’s most significant green hydrogen projects supporting the clean energy transition and domestic competitiveness by utilizing existing and large infrastructure. The eFuel facility is planned to be adjacent to TSE’s local power plant Naantali 4 which will deliver biogenic CO2 and steam for the production of eMethanol. In addition, the process and waste heat of Liquid Wind’s facility will be used for district heat, reducing the share of incineration-based district heat production by TSE.

Once operational, the eFuel facility will produce 100,000 tons/a eMethanol made from green hydrogen and biogenic CO2 (160,000 tons/a). Final investment decision (FID) is planned for 2026, and the facility will be operational in 2029. eMethanol is a very versatile commodity that can replace fossil fuels in hard-to-abate sectors such as shipping and aviation while reducing CO2 emissions.

Liquid Wind acts as the main project developer and has started the environmental impact assessment and permitting process. In addition, the parties will jointly explore the possibilities of ensuring a sufficient supply of renewable electricity to produce eMethanol.

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

“We are very happy to announce the development of our eFuel collaboration project with TSE. By entering this MoU, we are combining our companies' strengths to promote and accelerate the clean energy transition both locally and globally. Locally, in the city of Naantali, we will focus on Carbon Capture and Utilization (CCU) and the reuse of CO2 and waste heat. Globally, we aim to support the transition by allowing our off-takers to shift from fossil fuels to low-carbon eFuel produced at this facility.”

Pertti Sundberg, MD of TSE and Timo Honkanen, CEO of Turku Energia Group* state:

“This is an important project for us to achieve the climate goals of our owners and to secure renewable district heating for the Turku region in the future. We are very pleased that TSE is involved in promoting concrete domestic hydrogen economy projects, supporting the creation of future energy systems. This agreement solidifies our cooperation with Liquid Wind and enables the production of renewable fuel in Naantali.”

Mika Lehtonen, Chairman of the TSE Board and Head of Fortum’s Heating and Cooling business in Finland**, comments:

“We are glad to jointly promote this project that aligns with the circular energy economy and resource efficiency principles. Liquid Wind has large-scale project capabilities and is a valuable partner for TSE. This industrial integration also strengthens the position of the Naantali power plant, enabling it to supply new commodities for methanol production while it continues to produce electricity and heat for customers in the Turku region and TSE’s investments remain moderate.”

Laura Leppänen, Mayor of the City of Naantali***, concludes:

“This large investment project is an important step in the green transition of the former Neste harbor area which the city is committed to. Responsibility plays an important role in the city's strategy, as does vitality. The Naantali eMethanol production facility fulfills both of our strategic goals.”

*Turku Energia owns 43.5% of TSE.

**Fortum Power and Heat owns 53.5% of TSE.

***Naantali owns 3% of TSE.

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Media contacts:

Liquid Wind

Klaudija Cavala, Head of PR, Marketing & Communications

media@liquidwind.com

Turun Seudun Energiantuotanto Oy

Pertti Sundberg, MD

pertti.sundberg@tset.fi
 

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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. 80 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 Turun Seudun Energiantuotanto Oy

Turun Seudun Energiantuotanto Oy is owned by Fortum Power and Heat Oy, Oy Turku Energia – Turku Energi Ab and the City of Naantali. The company produces district heating in the Turku region for around 200,000 inhabitants and electricity to the national grid mainly with renewable biofuels at its power plants in Naantali and Turku. www.tset.fi

 

About Fortum Oyj

Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com

 

About Oy Turku Energia – Turku Energi Ab

Turku Energia is one of the largest energy companies in Finland. In 2023, our turnover was 408.4 million euros. Turku Energia employs approximately 330 professionals. Turku Energia is the leading seller and distributor of electricity and heat in Southwest Finland. Our operations also include the development, construction, and maintenance of energy networks and production facilities, as well as the development of electric transportation in the Turku region. We provide energy services that improve the environment, quality of life and competitiveness to 130,000 households and businesses. We are committed to the City of Turku's goal of reaching climate neutrality by 2029. www.turkuenergia.fi

 

About Naantali

Naantali is a growing city with about 20,000 inhabitants in the attractive region of Southwest Finland. The archipelago is strongly present: Naantali includes up to a thousand islands and a thousand kilometers of coastline. Residents are offered diverse housing solutions as well as unique cultural and recreational opportunities. Naantali is an entrepreneur-friendly and developing port city with efficient connections both by land and sea. Currently, there are about 1,500 businesses operating in Naantali. www.naantali.fi

Tags:

Fortum Finland Aviation electrification methanol shipping industry TSE naantali Claes Fredriksson electrofuel Decarbonization eMethanol Liquid Wind Power-to-X eFuel Maritime sector Fossil-free fuel P-t-x Biogenic CO2 Hard-to-abate sectors Turku Energi Pertti Sundberg Mika Lehtonen Laura Leppänen

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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

We are very happy to announce the development of our eFuel collaboration project with TSE. By entering this MoU, we are combining our companies' strengths to promote and accelerate the clean energy transition both locally and globally. Locally, in the city of Naantali, we will focus on CCU and the reuse of CO2 and waste heat. Globally, we aim to support the transition by allowing our off-takers to shift from fossil fuels to low-carbon eFuel produced at this facility.
Claes Fredriksson, CEO and Founder of Liquid Wind
This is an important project for us to achieve the climate goals of our owners and to secure renewable district heating for the Turku region in the future. We are very pleased that TSE is involved in promoting concrete domestic hydrogen economy projects, supporting the creation of future energy systems. This agreement solidifies our cooperation with Liquid Wind and enables the production of renewable fuel in Naantali.
Pertti Sundberg, MD of TSE and Timo Honkanen, CEO of Turku Energia Group
We are glad to jointly promote this project that aligns with the circular energy economy and resource efficiency principles. Liquid Wind has large-scale project capabilities and is a valuable partner for TSE. This industrial integration also strengthens the position of the Naantali power plant, enabling it to supply new commodities for methanol production while it continues to produce electricity and heat for customers in the Turku region and TSE’s investments remain moderate.
Mika Lehtonen, Chairman of the TSE Board and Head of Fortum’s Heating and Cooling business in Finland
This large investment project is an important step in the green transition of the former Neste harbor area which the city is committed to. Responsibility plays an important role in the city's strategy, as does vitality. The Naantali eMethanol production facility fulfills both of our strategic goals.
Laura Leppänen, Mayor of the City of Naantali