Statkraft and former Silva Green Fuel employees continue testing tech in Tofte
In Norway, Statkraft and a group of former employees of Silva Green Fuel have reached an agreement that enables the continued testing of technology for biofuel production at Tofte. As part of its new strategy, Statkraft is prioritising profitable growth within established technologies such as hydropower, solar, wind and battery solutions in core markets. To reduce the number of technologies in its portfolio, the company has, among other initiatives, worked to find new owners for the biofuel company Silva Green Fuel.
Through Silva Green Fuel, Statkraft has been involved in testing and demonstrating new technology to produce advanced biofuels. This work has also received support from Enova. Biofuels are believed to contribute to significant emissions reductions in the future.
Under the agreement now in place, the accumulated technological expertise and the demonstration facility will be transferred to Silva Biofuel AS, a new company owned by former employees of Silva Green Fuel DA, with Joakim Sværen appointed as CEO.
Category: Fuels
