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The two Kvasir Technologies founders and the new investors: From the left: Mikkel Skytte Hejbøl (The Footprint Firm), Anders Bak Kristoffersen (Kvasir), Joachim Bachmann Nielsen (Kvasir), and Johan Bitsch Nielsen (EIFO)

Kvasir Technologies secures EUR 3 million investment from The Footprint Firm and EIFO

Copenhagen, 22 February 2024 – Kvasir Technologies, a Danish pioneer in sustainable biofuel development, announces a significant milestone in its journey toward carbon-neutral energy solutions. The company has successfully closed a seed extension, securing substantial investments from sustainability advisory and impact investor The Footprint Firm, based in Copenhagen, and the Export and Investment

Kvasir Technologies Appoints New CFO as the Company Moves Toward Commercialization

Kvasir Technologies Appoints New CFO as the Company Moves Toward Commercialization

Kvasir Technologies, a leading green startup in sustainable biofuel innovation, proudly announces the appointment of René Østergaard Palne as its Chief Financial Officer (CFO), effective December 1, 2023.
René brings extensive experience in corporate finance, including international roles in the oil and gas industry in the Middle East and the Netherlands. His background spans both conventional

Last night, Kvasir Technologies was awarded with three prizes at the 2023 New Energy Challenge award event in the Hague. Kvasir won Scale-up Category, People's Choice Award, and an exclusive ETCA membership.

Kvasir Technologies Secures Triple Win in 2023 New Energy Challenge

Copenhagen, November 8, 2023 – Kvasir Technologies, a Danish clean-tech scale-up with pioneering technology to produce sustainable waste-based biofuel, proudly announces a remarkable triple victory in the prestigious 2023 New Energy Challenge. This renowned global competition, dedicated to startups and scale-ups in the renewable energy sector, has played a pivotal role in fostering groundbreaking

Kvasir Technologies Announced as Finalist in Prestigious New Energy Challenge

Kvasir Technologies Announced as Finalist in Prestigious New Energy Challenge

Kvasir Technologies: Selected as Finalist in New Energy Challenge, Accelerating Renewable Energy Innovation.
Copenhagen, August 1, 2023 - Kvasir Technologies is proud to announce its selection as one of the top 10 finalists in the esteemed New Energy Challenge. This highly competitive event, focusing on startups and scaleups in the renewable energy sector, aims to drive the development of groun

Kvasir PR: Celebrating the investment. From left: Mette Fløe Nielsen, VÅR Ventures, Joachim Bachmann Nielsen, CEO & Co-founder, Kvasir Technologies, Anders Kristoffersen, COO & Co-founder, Kvasir Technologies, and Lasse Truels Köhler, Maersk Growth

VÅR Ventures and Maersk Growth announce their investment into Danish biofuel company Kvasir Technologies to accelerate the path away from fossil fuel dependency

Copenhagen, April 27, 2023. Kvasir Technologies, a Danish technology company developing a proprietary, cutting-edge process to produce carbon-neutral biofuel from non-edible biowaste material, has raised an investment round of EUR 2.15 million from lead investor VÅR Ventures with participation from Maersk Growth. With this investment round, Kvasir Technologies has raised nearly EUR 7 million this

Kvasir receives grant from Innovation Fund Denmark’s Missionbooster program to scale sustainable aviation fuel

Kvasir receives grant from Innovation Fund Denmark’s Missionbooster program to scale sustainable aviation fuel

Copenhagen March 24, 2023
"Imagine a world where you fly green… that can happen in a not too distant future. We are grateful for the Missionbooster grant because it brings us one step closer to making that happen, as we prepare our proprietary solids to liquid technology for scaling”, says CEO, Co-founder and inventor of the Kvasir Technology, Joachim Bachmann Nielsen.
Reducing CO2 in the tr

Contacts

Birgitte Bjerregaard

Birgitte Bjerregaard

Press contact Director HR & Comms. +45 2727 6928

Change the fuel. Not the Engine.

Kvasir Technologies is a Danish company that has developed a game-changing technology to produce climate friendly fuel for hard to abate industries. Kvasir converts non-edible waste-based biomass into a 1:1 substitute for fossil fuel in a simple, sustainable, and scalable way. We offer a CO2 neutral drop-in biofuel with no switching costs or added storage cost. Our solution bolts on to the current marine fuel supply chain. This allows for full flexibility in terms of handling both existing fossil fuels and green biofuel interchangeably in a seamless transition towards complete decarbonization. Founded in 2018 by Joachim B. Nielsen and Anders B. Kristoffersen, Kvasir is a spin-out from the Technical University of Denmark. The company runs pilot activities in Denmark and in the US and plans to build its first demo plant in Fredericia, Denmark.

Kvasir Technologies

Maskinvej 5
2860 Søborg
Denmark