SWESTEP is now ready for roll out of SWESTEP Plant’s – ”The Next Generation Process Technology for Sustainable Recycling Production” –
The proven technology creates a market potential for sustainable production that is independent from traditional fossil energy forms.
It is a capital-efficient and a profitable solution that creates viable conditions and opportunities for both small-scale and large-scale installations, regardless of the customers, communities or geographic location.
The demand for renewable fuels and sustainable liquids used to produce climate friendly products is global scaled. Since the Industrial revolution, production of greenhouse gases and toxic chemicals have escalated tremendously, which has resulted in an urgency to replace fossil fuels with renewable alternative energy sources.
At present, the UN and the EU have all created directives to encourage the utilization of renewable fuels.
Time to take the next step
Time for change
#Swestep – All residues come to use
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 ”.
For more information contact
Karl-Magnus Mattsson– Founder & CEO
Phone + 46 763 97 95 74
Meeting with Norrecco in Copenhagen Denmark
Positive signals from meeting with Norrecco. The dialogue is now entering the next phase of setting up SWESTEP Installations in Denmark.
Norrecco’s interest lies in strengthening its positioning in the Danish Recycling Market, through the ability to offer a more sustainable and viable alternative, especially in the field of plastic recycling.
The first step is to look at setting up a SWESTEP Plant in Copenhagen Harbor.
Karl Magnus Mattsson – SWESTEP
Søren Eriksen – Norrecco
Martin Porsgaard – NISA
Karsten Ludvigsen – Norrecco
Trash to cash: How SWESTEP gives plastic waste a new life
People all over the world are throwing out large quantities of plastic each year, representing a huge sustainability issue. SWESTEP aims to address this by converting household plastic waste into sustainable oil and new plastic raw materials.
Over the past year, the Swedish green tech company has been working closely with Climate-KIC and the City of Copenhagen to carry out a feasibility study on the conversion of plastic waste to new sustainable oil. Since being established in 2012, SWESTEP has been developing an industrial process capable of turning all hydrocarbon-based waste and residues, such as plastic, into renewable fractions. In practical terms, this means that any organic waste stream can be considered as a feedstock, and duly be transformed into a wide range of renewable fuels or useful sustainable liquids and materials to be used again.
In theory, this process could have huge implications for how we deal with plastics, as well as waste management in general, as it could lead to the establishment of major circular economy loops into a city’s ecosystem, provide new sources of renewable energy, and create new revenues and jobs—effectively converting what was previously considered waste into a resource. One key aspect of SWESTEP’s technology is that the feedstock doesn’t require separating prior to processing, meaning mixed waste streams are just as effectively processed as sorted ones. This contrasts wildly with the status quo, in which mixed waste streams require appropriately sorting before the separate elements can be recycled.
Creating industrial inputs from waste plastic for industries that typically require fossil-based fuels or petrochemicals for major parts of their operations doesn’t just represent a welcome remedy to the problem of municipal waste, it also embodies potential to reduce the consumption of fossil-fuels and thus, contributes to climate change mitigation.
Given what was on offer, it’s easy to understand why Copenhagen was interested in a potential collaboration. Per Boesgaard, coordinator of the city’s Climate Plan 2025, had this to say:
“Waste management, and particularly plastic waste management, has represented a huge problem for the city for a long time. Plastic is now a large part of people’s daily lives, yet it represents a huge environmental problem with regards to both the consequences of its disposal and its carbon footprint.
Our challenge [as the City of Copenhagen] is to manage this problem holistically, which means solving the environmental issues without disrupting the day-to-day of our citizens. Thus, participating in projects such as this and collaborating with pioneering companies like SWESTEP to investigate the potential of their technology is both necessary and exciting for us as a city. We are very pleased with the outcome of this project and look forward to working more with SWESTEP and Climate-KIC in the future”.
Source DAILY PLANET; Read the full article – click here
NEWS FROM – MARKET
Axfood in Sweden takes its climate responsibility and stops choosing to fuel their trucks with HVO.
Åsa Domeij Sustainability Manager / Axfood says;
Now we stop to refuel our trucks with HVO, it contains palm oil and large-scale production of the risks driving the deforestation of the rainforest. Instead, Axfood calls for actions that promote the production of sustainable biofuels.
SWESTEP welcomes this decision, and hopes that more companies in Sweden will follow and choose renewable fuels that will not affect the natural balance of nature’s fauna. We recommend to look at WTL (Waste To Liquid) or WTE (Waste To Energy) as an alternative. Organic waste, incl. plastics is the future green raw material to produce renewable fuels that is viable in the coming CO2 Neutral Economy.
Source MARKET – Read the full article (in Swedish) – click here