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The Biofuel venture (Producing syntehic Gasoline, Diesel and Aviation Fuel) enter next stage in the establishment process and seeking a financing partner prepared to invest approx 2 MUSD in Q2 - Q3 2022 during a B-round. The conceptual design has been approved together with European and US based technology partners. The site for the venture is aquired with optimal sea, land and tailway conectivity to markets in the Nordics / Baltic sea region. The objective is to have the plant operational by 2024 and fully up to capacity by 2027. International expanssion is part of the business model and the first international contract has been signed with a venture in Norway.

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