Nordic Blue Crude

Carbon neutral alternative to fossil fuels produced solely by water and CO₂ from renewable electricity

  • Stage Full Product Ready
  • Industry Clean Technology
  • Location Herøya, Norway
  • Currency NOK
  • Founded September 2015
  • Employees 2
  • Incorporation Type LLC
  • Website nordicbluecrude.no

Company Summary

Nordic Blue Crude AS (NBC) business plan is to produce enhanced Synthetic Crude from renewable power, water and CO₂. The product is named Blue Crude and consists of 50% high value wax for use in the cosmetics industry, 30% middle distillate usable as high performance and quality diesel and 20% naphtha, refinable to gasoline.

NBC has exclusive license agreement with Sunfire AG, and agreements for localization of production unit at Herøya.

Team

  • Partner & Chairman of Board

    20 years experience from hydro-electric industry in Norway, Nordics, and Turkey. He has developed, constructed and operated numerous small and medium sized power plants within hydro, solar and wind.
    MSc Business and Economics

  • 31 years of experience in Investment Banking
    Vast experiences within Corporate Finance including fundraising and M&A. Originated and participated in a number of national and International private placements and IPOs
    Founded and developed CAR ASA in which developed from 2 persons in 2003 to 55 and from 0 to 80 million NOK in revenues in 2007
    Previously top rated Investment analyst both internationally and domestically
    MSc Business and Economics

  • Technical Manager

    Extensive experience in Design of Hydropower plants and Construction of Hydropower, Ventilation, Water resources. Employers include
    Alfsen & Gundersen AS, Rovas AS, Nordvest Energi AS, etc. Education Engineer

  • Partner, Board of Directors

    10 years in solar energy
    Founder and CFO of Innotech Solar that grew to 180 employees, creating 3 factories. Raised 52 M€ in Venture Equity from leading Nordic VCs, 25 M€ from banks, and 13 M€ in grants
    2006-2008 Finance Manager in the listed Norwegian solar company REC ScanCell, with an increase from 30 M€ to 300 M€ in revenues, and from 88 to 330 employees, investing 130 M€ in building a process industry in Narvik
    MSc Business and Economics

  • Business Development Manager Businessizer, Network Administrator Business Angel Network Ofoten, Customer Consultant Skandiabanken,
    MSc Business

Previous Investors

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