Categories: sustainable investment

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

27 April 2023 09:00

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

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.