Denmark-based Arcadia eFuels will use the investment from SWEN Capital Partners to develop multiple eFuels production sites.
Arcadia eFuels has received investment from Swen Infrastructure Fund for Transition 2 (Swift 2), a fund managed by SWEN Capital Partners, according to a press release.
The investment will provide necessary development capital to accelerate reaching final investment decision stage for the world’s first commercial eFuels production facility to produce the lowest carbon emitter fuels for the aviation sector. Investment terms were not disclosed.
Arcadia eFuels will utilize Swift 2’s investment to develop multiple eFuels production sites that it intends to own and operate, as well as market & sell eKerosene, eDiesel, and eNaphtha. Arcadia’s front running project in Vordinborg, Denmark, is scheduled to begin operation in 2026, potentially followed by two more plants per year in 2026/2027. The output of each plant has been approximated to 100 million liters per year or 75,000 metric tonnes of eFuels.
“We believe that world travel is essential. It inspires people to seek out new places, while providing a learning experience like no other. The ability to experience cultural differences, as well as underlying cultural ties, serves as one of the greatest aids in protecting our global heritage and promote peace, while providing economic opportunities for countless communities. However, while the global economy is more connected than ever, a long-term challenge looms. Concern about air travel’s contribution to climate change threatens to curtail growth of an industry that has expanded steadily for decades, shrinking the world for travelers, as well as business in the global economy. For these reasons I am happy to announce that we have secured everything Arcadia needs to reach a final investment decision for one to two projects. SWEN Capital Partners has been a fantastic supporter, bringing an adept understanding of the social, societal and environmental impact of our work, and we are looking forward to developing the project further with them,” said Amy Hebert, CEO at Arcadia eFuels.
eFuels are produced by using renewable electricity to make green hydrogen, then combining hydrogen with carbon dioxide from direct air capture and/or other biogenic carbon sources to produce syngas. The syngas is then processed into eFuels using Fischer-Tropsch and refining to produce eKerosene, eDiesel, and eNaphtha.