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
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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 -
CEO31 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 ManagerExtensive 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 Directors10 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 -
AnalystBusiness Development Manager Businessizer, Network Administrator Business Angel Network Ofoten, Customer Consultant Skandiabanken,
MSc Business
Previous Investors
-
Rolf BruknappUnconfirmed -
Terje DyrstadUnconfirmed
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