ELYSE ENERGY, a platform dedicated to green hydrogen projects, announces the signing of a cooperation agreement with the Swedish company Liquid Wind AB. The agreement includes a minority equity participation as well as a partnership to set up eMethanol production facilities in France and parts of Southern Europe.
Elyse Energy will leverage Liquid Wind’s expertise in the development of eMethanol production facilities to convert green hydrogen to carbon neutral fuel. The partners aim to reduce carbon emissions from the maritime sector by offering carbon neutral fuel to shipowners. Compatible with existing marine engines, eMethanol offers a local near-term solution to limit pollution from ships and contributes to a sustainable transition of the maritime sector. By replacing fossil-based marine fuels, eMethanol reduces maritime carbon emissions by 94%.
Elyse Energy’s investment will also support Liquid Wind to establish «FlagshipONE”, its first eMethanol production facility in Sweden. Supported by a consortium including Alfa Laval, Carbon Clean, Haldor Topsoe and Siemens Energy, FlagshipONE aims to produce 50,000 tonnes of eMethanol from 2024.
eMethanol results from the combination of green hydrogen molecules, produced by water electrolysis powered by additional renewable electricity, and biogenic carbon dioxide. It offers a solution to shipowners, but also to road transport and manufacturers using fossil-based methanol for their processes today.
“Electro-fuels play an essential role in providing viable solutions to the sectors that are the most difficult to decarbonize. They offer a credible and concrete way to utilise green hydrogen,” said Pascal Penicaud, Elyse Energy’s chairman. “We are very happy to support and cooperate with Liquid Wind, one of the most advanced players in producing eMethanol»
“The world needs cleaner fuel in significant volumes, fast. By combining our replicable digital model with local expertise, we can accelerate the sustainable energy transition,” said Claes Fredriksson, CEO and Founder, Liquid Wind. “Elyse Energy is very knowledgeable about eFuel technology and well connected within France, we are fortunate to have them on board to bring eMethanol to France.”
About Elyse Energy:
Elyse Energy is a platform dedicated to supporting green hydrogen and electro-fuels projects in Europe. Elyse can be involved at every stage of a project : financing, design, development, construction, operation…. Thanks to its investment capacity and its team of experts of large-scale energy projects, Elyse Energy accelerates the transition to a more sustainable world.
About Liquid Wind:
Liquid Wind is a Power-to-Fuel Development Company committed to reducing carbon emissions. The company develops, finances, builds and manages replicable facilities for the production of eMethanol, to accelerate the transition to carbon neutral shipping and transportation. The facilities will produce renewable liquid fuel, so Liquid Wind can offer their customers the opportunity to quickly reach their sustainability goals.
Elyse Energy press contact :
Tel : +33(0)6 12 22 38 71
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