Kvasir Technologies Secures EU Funding to Accelerate Biofuel Development
(Biofuels International) Kvasir Technologies – a Danish technology company developing a process to produce climate friendly fuel for the shipping industry – has secured €2.5 million in support from the EU programme EIC accelerator.
Kvasir Technologies is a spin-off company from the Technical University of Denmark, where the process was invented by CEO and co-founder Joachim Bachmann Nielsen during his Ph.D.-studies.
Kvasir’s proprietary process can convert any biomass waste resource such as straw, corn stower and woody residue into an oil product at a previously unseen high yield.
The produced oil has properties like marine heavy fuel oil and can be used as a drop-in fuel in the maritime industry. READ MORE