Marquard & Bahls Participates in Nordic Blue Crude
In light of the rapidly changing energy landscape, Marquard & Bahls is actively exploring investment opportunities in the renewable energy sector. The company intends to become an active participant in the energy transition. As a first step in the renewable transport fuels, Marquard & Bahls is investing in Nordic Blue Crude on December 31, 2019. Nordic Blue Crude is a Norwegian company and one of the pioneers in the Power-to-Liquid sector. It is on its way to establish the first publicly known Power-to-Liquid project on an industrial scale. The groundbreaking project will provide Nordic Blue Crude with first mover advantages and will enable it for further expansion.
Currently, Nordic Blue Crude is engineering its first "E-Fuel 1" plant in Herøya, an industrial park located 150 km southwest of Oslo, with a production capacity of 10 million litres of synthetic hydrocarbons (blue crude and wax) per year, using renewable electricity, water and CO2 as feedstocks. The "E-Fuel 1" plant is expected to reach full production capacity in 2022, with room for expansion to a further 100 million litres. The produced blue crude is carbon neutral and offers a 100% reduction in CO2 emissions compared to fossil fuels. After the refining step, the product mix will consist of kerosene (jet fuel), diesel, wax and naphtha.