Statkraft acquires Södra's shares in Silva Green Fuel

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Swedish forest industry company Södra exits ownership in Silva Green Fuel. Statkraft will further develop the technology for advanced biofuels and acquires Södra's 49 percent share in the company. Statkraft is also looking for a new partner to further develop Silva Green Fuel.

For Statkraft, Silva Green Fuel is an important development project within renewable energy and one of six focus areas in Statkraft's strategy for new energy solutions. Statkraft sees significant potential in the technology being developed in the demonstration facility at Tofte in Asker municipality. The technology is considered competitive compared to other biofuel technologies. Strong market growth for biofuels is expected, driven by changing regulations from the EU and national... ... More: Official Press Release Statkraft

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Statkraft, Södra, Silva Green Fuel, biofuels, renewable energy, developer, EU, share, forest industry