MarineFifty plans to invest $12.52M in Kvasir
In Denmark, MarineFifty announced their intention to invest in Kvasir Technologies. This follows the initial Series A financing round, announced by Kvasir on 18 June 2026, in which they raised EUR 10 million from a mix of existing and new investors. Subject to contract, MarineFifty intends to invest up to EUR 11 million as part of Kvasir’s Series A financing round, enabling the company to move from successful /demonstration plant operations to FID of a First Of A Kind plant with commercial scale production.
Kvasir has developed a proprietary process that converts abundant, non-edible biomass into a high-quality bio-oil — a drop-in replacement for fossil HFO (Heavy Fuel Oil) that works with existing ship engines. By enabling shipowners to change fuel rather than engine, the technology offers a practical, scalable path to decarbonizing one of the world’s hardest-to-abate sectors.
The investment reflects MarineFifty’s strategy of backing the breakthrough technologies, fuels and infrastructure that the shipping industry needs to reach net zero. An estimated 60–70% of the sector’s emissions reductions must come from exactly these kinds of innovations, and MarineFifty aims to provide not only capital but the technical conviction and partnership to help them reach commercial scale.
Category: Fuels
