Marquard & Bahls increases shareholding in Nordic Blue Crude

In Norway, Marquard & Bahls and Nordic Blue Crude have entered into an agreement, through which Marquard & Bahls shall increase its shareholding in the Norwegian company and will commit to equity financing when the first plant (E-Fuel 1) reaches final investment decision. As a result, Marquard & Bahls is consolidating its position as a lead investor taking an active role in the company’s long-term development.

Nordic Blue Crude will build the first E-Fuel plant at Herøya industrial park in Porsgrunn, 150 km southwest of Oslo. The design capacity is 10 million liters of carbon-neutral fuels and waxes. The following E-Fuel plants will have a capacity of 200 million liters each.