Steeper Energy in licensing deal with Silva Green Fuel advanced biofuel project

In Denmark, Steeper Energy, a Danish-Canadian clean-fuel company, is partnering with Silva Green Fuel, a Norwegian-Swedish joint venture, to construct a EUR 50.6 M (nearly $62 million) industrial scale demonstration plant at a former pulp mill located in Tofte, Norway leading to a future commercial scale project.

Steeper will license its proprietary Hydrofaction technology to Silva, who will build the facility over the next 18 months. The demonstration plant will use woody residues as feedstock that are converted to renewable crude oil and, in turn, will be upgraded to renewable diesel, jet or marine fuel. Steeper’s Hydrofaction technology was selected by Silva after an exhaustive due diligence review of some 40 other technologies. Hydrofaction harnesses water brought to super-critical conditions, to cost effectively convert biomass to high value liquid biofuels.