Swedish seaweed startup Nordic SeaFarm secures €2.1M from EIT InnoEnergy, Inter IKEA, others
Gothenburg, Sweden-based Nordic SeaFarm, a company specialised in sustainable seaweed cultivation, announced on Tuesday that it has secured 25M SEK (approximately €2.1M) from InnoEnergy and Inter IKEA as lead investors.
More than 90% of the hydrogen is set to be used for chemicals production (9.96 million tonnes), with only 2.7% targeting the use of H2 as a direct transport fuel (289,900 tonnes), 3% for power generation and energy storage (331,400 tonnes), and 3.8% for “other applications”, such as metals production and electronics (416,000 tonnes).
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