Capital injection from SWEN Capital Partners has accelerated green fuels producer ETFuels towards reaching its 2030 goal of 1.4m tonnes of green methanol production for the shipping industry and other end-markets.
The injection of capital into ETFuels was made from SWEN Impact Fund for Transition 2 (SWIFT 2), a European impact strategy dedicated to renewable gas infrastructure managed by SWEN Capital Partners. Available info indicates that SWEN Capital Partners has EUR 7.8bn ($8.2bn) under management.
ETFuels combines vast renewable energy farms with green fuel production facilities and enables the company to provide green fuels in a more cost-competitive and sustainable way for their shipping customers, delivering a 91% reduction in emissions compared to heavy fuel oil.
According to the company, this investment positions ETFuels as a leading Pan-Atlantic producer of green fuels. Currently, ETFuels is currently taking pre-orders for green methanol.
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