Breakthrough for SWESTEP – Order value of 85 MEUR

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Breakthrough for waste management

Enabling roll out of -The Next Generation Process Technology for Sustainable Recycling Production- Turning all organic waste and plastics into renewable oil, fuel and green chemical products.

An agreement has been signed between SWESTEP AB and Green Fund Finance AB (GFF), with the intent of financing the construction and development of approved SWESTEP facilities. SWESTEP’S Innovative green technology combined with exciting new financing and investment models from Green Fund Finance promise real changes to the environmental challenges we face today.

“There is a huge interest in our proven technology for turning organic waste into a green oil similar to the fossil oil” says Karl-Magnus Mattsson, CEO and Founder of SWESTEP, he continues -“The unique technology enables you to recycle and process biomass, all organic waste, including plastic residues to valuable renewables for industries both in the Circular Economy and the CO2 Neutral Economy. This is a solution that enables many of them to close the loop or break out from fossil dependence.

The Swedish green-tech company SWESTEP offers production plants that are scalable and flexible from both the facility and raw material perspective. It is a ground-breaking technology that is both climate friendly and economically viable, the payback time on a production facility is short, due to high efficiency in the process. The end products are renewable oil/fuels, distilled water and bitumen, the renewable oil can also can be cultivated into performance chemicals to make new plastics, textilfibers or as alternative to palm oil for the food and cosmetic industries.

A SWESTEP plant has no hazardous emissions; thanks to the unique catalyst process the production works at low temperature with a slight under pressure. “The process basically copies nature’s natural ways of producing fossil oil, but instead of more than 130 million years, our patented process solution makes it on around 6 minutes. – And it is now becoming available internationally, with a really attractive funding setup”, says Karl-Magnus Mattsson, who beside the role at SWESTEP is recognized by WPF, (UNESCO) and has been granted as World Citizenship no 216 thanks to his engagement and initiatives for alternative green energy solutions.

Attractive funding solution – enabling large-scale roll out
GFF Green Fund Finance has agreed to finance the purchase and setup of turnkey SWESTEP production facilities. In return, the Fund will share the profits from the facilities on a next to equal basis with the companies that will manage each facility and produce renewable diesel from waste.

”There is a huge interest in this new patent technology amongst our investors, who are searching for sustainable investment opportunities with good prospects. We look forward to the coming years together with SWESTEP,” says David Simmonds, CEO of GFF Green Fund Finance.

Interest from many different international industries
“We have interest from several different international industry sectors, such as the aviation industry, agriculture, forestry and traditional manufacturing industry – but also from municipalities due to their growing waste problems”, says Karl-Magnus Mattsson, whom also has been invited to meet influential decision makers in emerging markets, informing about the technique and what it offers in terms of handling the large problems with waste handling and the equally important need for alternative energy solutions.

Orders to a value of 85 MEUR – installations starting 2019
“We now have orders from customers in Scandinavia, India, Bangladesh  and southern Europe amounting to 85 MEUR, with installations starting in 2019. Most of these orders are to be financed by Green Fund Finance. With this new funding set-up, we expect the order book to grow fast, as it creates alternatives for customers that do not want to be in the hands of traditional bank financing” says Karl-Magnus Mattsson.

Comments from industry representatives
The SWESTEP technology and GFF Green Fund Finance financial setup is valued by several representatives with an interest in new ways to turn organic waste and residuals into green oil based chemicals and renewable fuels.

Stefan Lithell, CEO at REZ Power AB, Sweden – ” Being able to access a technology that makes Swedish renewable diesel out of waste from plastic paper and wood that are also carbon dioxide neutral. To use a multiple better process than burning the waste, feels great and inspiring ”.

Georgios Vassili, CEO RECYCLADES, Naxos, Greece – ” This means we can solve the waste issues in the Cyclades and contribute to a circular economy, and less dependent on importing fossil fuel ”.

Fredrik Hällstorp, CEO Hällstorp Recycling AB – ” This will make a big difference with a SWESTEP plant, which means that waste will be converted to new chemical products with a positive cash flow leading to a higher recycling rate and less material that will be sent to landfill. This will be good for the future and for the environment both nationally and globally ”.

LÄNK Svensk Press

LINK English Press

For more information contact
Karl-Magnus Mattsson– Founder & CEO
Phone + 46 763 97 95 74
Mail kmm@swestep.com