Page 160 - CW E-Magazine (25-2-2025)

News from Abroad

LOW CARBON FUEL
Liquid Wind announces new electro-fuel project

in Sweden

Liquid Wind, a Sweden-based see a very strong desire from
developer of eFuel (or electro-fuel) customers and fuel users
facilities, is planning to set up one of to transition to sustainable
Europe’s largest facilities for the pro- fuels, something our facility
duction of eFuels in Örnsköldsvik, in Örnsköldsvik will contri-
Sweden. bute significantly to. Our
new eFuel project is already
The new project will be carried out underway, and we are look-
in close collaboration with electric ing forward to bringing it to
utility firm, Övik Energi, as a deve- reality.”
lopment partner and supplier of bio-
genic carbon dioxide. Biogenic CO According to some esti-
2
emissions from Övik Energi’s facility mates, the total available
will be captured and combined with market for green methanol is
renewable hydrogen to form liquid 100-ktpa of eMethanol (or green metha- projected to grow to between €3-bn and
carbon-neutral fuel. The site is located nol), twice as much as the previously €5-bn in 2025 and €16-bn and €20-bn in
on the northeast coast of Sweden, planned eFuel facility in Örnsköldsvik. 2030. By 2030, the share of the chemical
where Liquid Wind will also have industry (including methanol to propy-
access to the low-cost renewable eFuel facilities are needed to meet lene-MTP, or methanol to olefin-MTO)
electricity needed to produce the eFuel. the growing demand for low-carbon is expected to be 32%, leading to a diversi-
fuels and support the phase-out of fossil fication of the green methanol market.
Liquid Wind will be responsible for fuels in hard-to-abate sectors such as Liquid Wind previously developed the
the development of the project starting shipping, aviation, and the chemical FlagshipONE project in Ornskoldsvik,
in the spring of 2025. Once operational, industry. Mr. Claes Fredriksson, CEO which was acquired and subsequently
the facility will produce approximately and founder of Liquid Wind, said, “We halted by Ørsted A/S.

FINANCIAL PERFORMANCE
DKSH reports steady growth in 2024

Swiss market expansion service Europlacer Group tie up
provider, DKSH, has reported annual In another development, DKSH
core earnings before interest and taxes announced a partnership with The Euro-
(EBIT) of Swiss francs (CHF) 343.1-mn placer Group, a leading player in high-
($365.76-mn), with its healthcare mix Surface Mount Technology (SMT)
unit making up the lion’s share of its manufacturing solutions, in Southeast
business. Asia. DKSH said its technology busi-
ness unit will enhance the accessibility of
“Driven by accelerated growth in Europlacer’s semiconductor and elec-
the second half, net sales reached CHF DKSH’s CEO, Mr. Stefan Butz, tronics manufacturing solutions across
11.1-bn (+4.0% at constant exchange said, “All business units contributed Thailand, Malaysia, Singapore, and
rate or CER) and core EBIT amounted both to net sales and core EBIT growth Indonesia. Under this collaboration, DKSH
to CHF 343.1-mn (+8.4% at CER), re- (at CER) in a challenging market envi- will provide a comprehensive range of
sulting in a core EBIT margin increase ronment. We expect to continue to services, including sales and marketing,
of more than 10 basis points to 3.1%,” grow core EBIT in 2025 and reiterate application engineering, installation,
the company informed in a press note. our mid-term roadmap.” training, and after-sales service.

160 Chemical Weekly February 25, 2025

Contents Index to Advertisers Index to Products Advertised