Swedish Biofuels, a Stockholm, Sweden-based green product provider, received an investment from Mitsubishi Corporation.
The amount of the deal was not disclosed.
Swedish Biofuels AB and Mitsubishi Corporation will jointly accelerate commercial deployment of clean renewable fuels using Swedish Biofuels advanced alcohol to jet (ATJ) technology. Swedish Biofuels is the inventor of the original ATJ technology, patented in 2004. Today, the company provides custom-made solutions for its advanced ATJ technology, targeting maximum yield of fuel products for aviation and ground transportation.
The technology produces fully formulated sustainable aviation fuel (FFSAF) from a variety of biogenic feedstocks. The FFSAF has been tested successfully by engine manufacturers under US DARPA, US FAA and Swedish FMV programmes.
With this partnership, the company expects to accelerate the deployment of its advanced ATJ technology in its home market and beyond.
FinSMEs
28/02/2023