Former Shell executive, Lars Clausen, joins Kvasir as chairman of the board

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Former Shell executive, Lars Clausen, joins Kvasir as chairman of the board

Copenhagen, 25 August, 2021

Danish energy veteran joins Kvasirs board of directors as chairman.

Lars Clausen has accepted the position as chairman of the board of directors of Kvasir Technologies. Lars has worked in the energy industry for more than 30 years and has served as CEO of both Shell and Ørsted.

Lars is known for his strong commitment to the green transition, which he started working on long before it caught the public’s attention. As a board member of Better Place, he was one of the first people in Denmark to own an electric vehicle.

Lars has served on 10+ boards during the last 20 years, most notably; Shell, Energinet and Dansk Energi.

As chairman, Lars will take an active role in the development of Kvasir and he will assist the management in building the partnerships needed for a global rollout of the companies technology.

Contacts

Birgitte Bjerregaard

Birgitte Bjerregaard

Press contact Director HR & Comms. +45 2727 6928

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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

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