The oil and gas EPC firm will provide engineering services for Liquid Wind’s future projects outside of Europe after the South Korean tech giant’s investment arm took a share in the company just weeks ago.
With the ambitious goal of setting up between 100 and 300 e-fuel facilities worldwide by 2040, Claes Frederiksson, CEO and founder of Liquid Wind, said, “We will explore the feasibility of developing e-fuel facilities outside of Europe to meet the increasing market demand of fossil-free fuel.”
In November, the company raised €44m ($46.6m) in a Series C financing round, seeing participation from Uniper, HYCAP and Samsung Venture, which it planned to use to develop 10 e-fuel facilities by 2027.
With a current focus on e-methanol production, Liquid Wind hopes to meet demand from the shipping industry.
Hong Namkoong, President and CEO of Samsung E&A, said, “By harnessing our expertise in EPC and modular manufacturing, we are committed to driving growth in the e-fuel market.
“Through our strategic collaboration with Liquid Wind, we aim to ensure the successful delivery of their e-fuel projects, advance efforts to mitigate climate change, and unlock new business opportunities in this transformative sector.”
