The commercialisation of electrofuel (e-fuel) production using sustainable electricity and sequestered carbon dioxide got a boost in January from EUR 3.3 million in funding from Business Finland. Coordinated by VTT, the E-fuel research project is connected with the Neste Veturi Ecosystem.
Global emissions from the transportation sector currently covers about 15% of the world’s greenhouse gas emissions. Synthetic fuels has emerged in the wake of an acute need to reduce emissions, and is expected to grow to millions of tons by 2030 in Europe alone. The market for electrolysis technology, which is a key to the production of synthetic fuels, is expected to grow more than 20-fold in the coming five years.
We are proud to be part of this game-changing initiative. You can find out more about the initiative at VTT’s website: www.vttresearch.com/en/news-and-ideas/vtt-neste-and-their-partners-seek-breakthrough-finnish-e-fuel-technology