Mitsubishi invests in Swedish Biofuels to boost green fuel deployment
Mitsubishi Corporation has invested in Swedish Biofuels AB to accelerate the commercial deployment of green fuels
Swedish Biofuels is a Stockholm-based company founded in 2000 focusing on developing sustainable fuel solutions. The company earlier patented the advanced alcohol-to-jet (ATJ) technology, a process that converts alcohol into fuel, which underwent rigorous testing from 2007 to 2020.
ATJ produces a product called fully formulated sustainable aviation fuel (FFSAF) from various biogenic feedstocks. The company claims its fuel differs from standard SAFs because it is ready to use and not a blend component. ATJ does not only make fuels for aviation but also for ground transportation.
According to the Swedish Biofuels website, its fuels have been tested by several reputable global institutions, including the U.S. Air Force and Swedish Air Force. Swedish Biofuels’ FFSAF is approved for use in aircraft in compliance with ASTM D7566, an international standard for aviation turbine fuel, up to 50 percent.
Aims to replace fossil jet fuel
In addition to its environmental value, Swedish Biofuels claims that its technology allows for production flexibility, reducing the risk of lower demand for certain fuel types at any given time. At the same time, ATJ helps maximize yield to boost profitability.
Swedish Biofuels aims to replace fossil jet fuel with FFSAF completely. The strategic partnership with Mitsubishi Corporation is expected to help the company achieve this goal.
Headquartered in Japan, Mitsubishi Corporation is a global conglomerate that operates in various sectors, including natural gas, chemicals solution, and automotive. The enterprise has many subsidiaries spread across the globe, including Lawson and Diamond LNG Canada.
Angelica Hull, managing director of Swedish Biofuels, said the company is “honoured” by Mitsubishi Corporation’s decision to invest in its technology. Hull added that the partnership provides her company with more access to feedstocks, marketing and commercial operations and sales support.
Hull also said the partners would soon deploy Swedish Biofuels’ innovation both in the home market and globally.
Har du nyhetstips eller synpunkter? Kontakta oss