Liquid Wind granted €3.6 million in funding for eFuel project in Sweden [Yahoo! Finance]
ALFA-LAVAL AB UNSP/ADR (ALFVY)
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Source: Yahoo! Finance
Swedish industry's green transition, amounting to €3.6 million (SEK39 million), for the pre-engineering of the company's full-scale eMethanol plant in Örnsköldsvik, Sweden. The Swedish Energy Agency has assessed that the project will provide a solid foundation for Liquid Wind to move toward an investment decision for the planned eFuel facility. The project is expected to pave the way for a future investment that will significantly reduce carbon dioxide emissions by replacing fossil fuels in hard-to-abate sectors such as shipping, aviation, and the chemical industry. According to the Agency, the project's goals and research focus are well aligned with the purpose of Industriklivet — to drive the transition toward lower carbon emissions and a more sustainable industrial sector. "We are pleased to receive the Industriklivet support for our project in Örnsköldsvik. It represents a strong commitment from the Swedish government that not only accelerates the transition to fossil-free e
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