The investment is a strategic partnership, where NORDEN secures access to renewable fuels, specifically biooil, at favourable pricing. The partnership places NORDEN at the forefront of the research and development of future renewable fuels, where NORDEN can also benefit from future renewable biooils once developed.
NORDEN and MASH Makes have prior to the investment collaborated on the use of biofuels since 2021. Based on this collaboration and subsequent in-depth review of the MASH Makes technical platform and business model, NORDEN gained insights into the viability and scalability of the MASH Makes biofuel platform.
