Posts Tagged ‘Sweden’
The Baltic Sea could become a leader in climate-smart shipping – but unclear regulations are slowing progress
The Baltic Sea region has strong potential to take a lead in the transition to climate-smart marine fuels, but faces delays due to high costs and unclear political policy direction. This is highlighted in a new report from IVL Swedish Environmental Research Institute, in which Port of Luleå is studied.
The new report, which examines market conditions among the eight countries around the Baltic Sea, shows that hydrogen-based electrofuels – such as electro-ammonia and electro-methanol – will be crucial for meeting climate targets. Shipping is one of the sectors where transition to fossil-free operations is progressing slowly. The report shows that energy companies and ports see these new fuels as essential in the long term, but stakeholders hesitate to invest because of uncertainity about future demand or which fuel type will dominate. John Sundvall, Technical Director at Port of Luleå, confirms this and sees the development of renewable fuels as a necessity to meet future requirements from shipping companies and industry.
– In northern Sweden, a major energy transition in industry is underway, which could also benefit shipping. As a transport hub and one of EU’s strategically designated ports, we naturally want to contribute to this transition. It is possible to build infrastructure here for both bunkering and export, but for us to invest, the market needs to become more secure, he says.
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Originally published on 1 Dec
Read MoreLanding an orca Poland chooses Saab to build subs
Saab, a Swedish industrial group, has been chosen to deliver three submarines to the Polish navy. The deal will see the first sub delivered as part of the 10 billion zloty (€2.3 billion) Orka programme in 2030.
Even before Moscow’s unprovoked war on Ukraine, in 2022, Poland was one of Europe’s biggest military spenders. Since then, it has expanded investments in its armed forces further, and today its military spending amounts to 4.48% of its gross domestic product, the highest in Nato.
The Orka programme makes up a big chunk of that increase, and, say proponents, the subs are necessary for Poland to protect maritime infrastructure. Currently, Poland has one operational submarine, the ORP Orzeł. Built in the Soviet Union in 1985, it has a reputation of spending more time in repair than at sea.
Saab’s offer was chosen over five other bids, in part, because its model is specifically developed to operate in the Baltic. “The Swedish offer is the only one that met all the expectations of the navy,” Wladyslaw Kosiniak-Kamysz, Poland’s defence minister, said. Nothing under the sea apparently comes close either.
Read MoreOne step closer to biomethane production in the port in Malmö
In 2024, CMP entered into a partnership with Green2x focused on the design, establishment, and operation of what is expected to become one of the world’s largest biofuel plants in Norra Hamnen, Malmö. The establishment will significantly contribute to the transition to fossil-free energy while creating job opportunities. The ambition of the collaboration is to ensure a sustainable energy supply, foster local growth, and support decarbonization.
Through Green2x’s technology, energy is extracted from straw left after harvest, enabling biogas production on an entirely new scale. Straw contains a high energy content, and the technology allows for extraction with over 95 percent efficiency.
Green2x has now secured investments of more than DKK 100 million from, among others, Norway’s Equinor and the Danish state-owned investment fund Eifo. These investments make it possible to begin construction of a pilot plant for biogas production on the island of Møn in Denmark. The pilot plant will further develop Green2x’s technology and serve as the basis for designing the planned facilities in Malmö and Vordingborg. This plant is therefore the first step toward large-scale production of unsubsidized biogas in the port in Malmö.
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Originally published on 25 Nov
Read MoreStena Line acquires Wasaline
Stena Line strengthens its position in the Baltic Sea by acquiring NLC Ferry Ab Oy/Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland.
“It is with great joy and enthusiasm that we at Stena Line take on the responsibility for Wasaline and the route between two important regions and cities, Umeå and Vaasa,” says Niclas Mårtensson, CEO of Stena Line.
The only existing ferry connection between Umeå and Vaasa is jointly owned by the two cities through the 50/50-owned company Kvarken Link, which in turn owns NLC Ferry which operates under the auxiliary name Wasaline. Under the agreement signed today, Stena Line will acquire NLC Ferry and take over the operation of Wasaline. The vessel Aurora Botnia, which sails the route, will continue to be owned by Kvarken Link, the company jointly owned by the two cities.
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Originally published on 4 Nov
Read MoreFrom Stockholm to Riga, Outlast Fund launches €21M fund to back founders in it for the long game
Outlast Fund, a Baltic-Nordic VC fund, has closed its first fund at 21M EUR to invest in pre-seed and seed-stage startups from the region. The fund is based in Riga and Stockholm, and aims to be the first cheque in backing founders building solutions that are built to last, with initial pre-seed tickets of up to 250,000 EUR and 1.5M EUR seed rounds.
The fund goes against the grain in the investment environment, eschewing typical VC advice to prioritize quick exits. Rather, they look to scour the edges to uncover the most promising founders in the Baltics and Nordics, and are prepared to invest in them at the earliest stages to help them build enduring companies.
The fund is particularly keen to keep an eye out for serial entrepreneurs with a proven track record, ready to back them as early as the idea stage. Outlast Fund also invests in first-time founders who possess unique and specific insights within their chosen verticals. However, a trait that they look for in all cases is an obsessive drive to solve their customers’ most pressing problems. Regardless of whether the founders are better suited for building lean teams with the help of angels, microfunds, and syndicates, or if they are eyeing large rounds from the get-go, Outlast Fund is ready to support from the first cheque, rather than jumping in at the middle.
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Originally published on 18 Sep
Read MoreHouse modules unloaded from Frihamnen Port
More than 400 house modules are currently being unloaded from Frihamnen Port in Stockholm. The modules arrived by ship directly from Malaysia and have been stored for some time in the port, which is a strategic hub for further transport to the final destinations Enköping and Nyköping.
The centrally located inner-city quays are an important complement to the Stockholm region’s major freight ports, which include Stockholm Norvik Port, Port of Nynäshamn and Port of Kapellskär. By utilizing Frihamnen for project cargo, customers benefit from increased flexibility and additional transport options.
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Originally published on 3 Sep
Read MoreNew Roadmap Offers Guidance on Combatting Labour Exploitation in Sweden
The Council of the Baltic Sea States (CBSS) and the Swedish Gender Equality Agency (Jämställdhetsmyndigheten) have published a new roadmap aimed at strengthening Sweden’s response to trafficking for forced labour and labour exploitation.
The publication, Effectively Identifying, Disrupting and Countering THB for Labour Exploitation: A Roadmap for Sweden, offers practical guidance based on national and international research, study visits, and expert consultations.
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Originally published on 16 Apr
Read MoreLuleå University of Technology makes major investment in AI
Luleå University of Technology is taking a unified approach to AI development through a strategic action plan that encompasses the entire organisation. The aim is to integrate AI into its core mission while ensuring the technology is used ethically, legally, and intelligently.
“AI is here to stay and affects all of us, regardless of our role. This is one of the biggest technological changes we face – perhaps comparable to the introduction of personal computers. We need to understand it and use it in a responsible and smart way,” says Pär Weihed, Pro Vice-Chancellor at Luleå University of Technology.
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Originally published on 14 Apr
Read MoreNew materials could lead to safer and more sustainable batteries
Solid-state lithium batteries have the potential to transform energy storage by offering higher energy density and improved safety compared to today’s lithium-ion batteries. However, their limited lifespan remains a major challenge. To address this, researchers at Luleå University of Technology have developed new materials that can significantly extend battery life.
“Our new materials can be used in cathode and electrolyte to extend battery lifespan and support the development of more environmentally friendly energy storage,” says Jiajia Li, who recently completed her PhD in Energy Engineering at Luleå University of Technology.
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Originally published on 8 Apr
Read MoreSweden: EIB supports plant protein factory, reducing the need for imports entering Europe
The European Investment Bank (EIB) has granted a €50 million loan to Lantmännen to co-finance the construction of a new pea protein isolate factory in Lidköping. The loan will cover approximately half of the project investment cost.
The first of its kind in Sweden, the factory will have an annual processing capacity of over 40 000 tonnes of peas grown by Lantmännen cooperative members. It is expected to be completed in the first half of 2027 and to create around 30 jobs in the region.
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Originally published on 3 Apr
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