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COINTURK FINANCE > Business > Liquid Sun Secures Funding to Boost Sustainable Aviation Fuel Production
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Liquid Sun Secures Funding to Boost Sustainable Aviation Fuel Production

Overview

  • Liquid Sun secures €4M to advance eSAF production in Finland.

  • The company's technology converts CO₂ and water into sustainable aviation fuel.

  • Voima Ventures leads the funding, citing the innovation's environmental impact.

COINTURK FINANCE
COINTURK FINANCE 12 months ago
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Liquid Sun, based in Tampere, Finland, is set to expand its efforts in sustainable fuel innovation after securing nearly €4 million in funding. This new financial boost will play a pivotal role in the development of a demonstration unit for eSAF, or sustainable aviation fuel, which is seen as a critical component in reducing aviation-related emissions. As the aviation industry grapples with its environmental impact, Liquid Sun’s approach to turning CO₂ and water into synthetic fuel highlights a promising path forward. The company is poised to become a significant player in meeting Finland’s and Europe’s environmental targets.

Contents
How Does Liquid Sun’s Technology Work?Who Is Supporting Liquid Sun?

In recent years, Liquid Sun has been at the forefront of eSAF production. Following a €1 million funding round last year, the latest investment indicates growing confidence in their innovative technologies. The use of a low-temperature electrolyzer to convert carbon dioxide and water into renewable fuel presents a novel solution to one of the most pressing challenges facing the aviation industry: high greenhouse gas emissions. Liquid Sun’s initiative aligns with EU mandates, which demand 70% of aviation fuel be sustainably sourced by 2050.

How Does Liquid Sun’s Technology Work?

Liquid Sun utilizes its proprietary technology to convert CO₂ and water into eSAF through a low-temperature electrolyser process. This method not only offers a renewable alternative to traditional fossil fuels but also capitalizes on abundant natural resources. By addressing the aviation sector’s carbon footprint, this technology has the potential to significantly reduce global emissions.

Who Is Supporting Liquid Sun?

The recent funding round was led by Voima Ventures, Failup, and Business Finland, showcasing their support for sustainable innovations in energy. Voima Ventures, based in Helsinki, focuses on accelerating deep-tech startups with global potential. Their investment signals a strong belief in Liquid Sun’s capability to provide a much-needed sustainable solution for the aviation industry.

Experts in the field have recognized the significance of Liquid Sun’s work, pointing to the startup’s innovative approach to addressing environmental challenges. Pontus Stråhlman, a partner at Voima Ventures, noted the critical role that Liquid Sun’s technology plays in creating a sustainable future for aviation.

“Liquid Sun’s ability to turn CO₂ into renewable fuel isn’t just innovative, it’s a much-needed solution for the aviation industry and a critical step toward a more sustainable planet,” stated Stråhlman.

Liquid Sun’s journey reflects a growing trend in sustainable aviation fuel development. Similar efforts in the past have faced challenges in scalability and market adoption. However, the escalating environmental mandates and technological advancements now provide a more conducive environment for these innovations. The company’s upcoming demonstration plant in Finland is positioned to be a significant milestone in the industrial-scale production of eSAF.

The eSAF project led by Liquid Sun represents a crucial step in the broader quest for sustainable energy alternatives. As global demand for cleaner fuels increases, the success of Liquid Sun could set a precedent for future developments in the field. Understanding the importance of scalability and market integration, the company’s advancements will likely influence policy and industry standards. Stakeholders are hopeful that these developments will contribute positively to the environment, while also providing cost-effective solutions for the aviation sector.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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