TM & Partners has advised Umeå Energi in a pioneering industrial project that forms an important part of Umeå’s efforts to achieve its climate and growth targets. The project enables the construction of an electrofuel facility in collaboration with Liquid Wind and the newly established company FS3AB. The facility is expected to produce up to 100,000 tonnes of fossil-free methanol per year, which can replace fossil fuels in sectors such as maritime shipping.
The fossil-free methanol is produced by capturing biogenic carbon dioxide from the flue gases of combined heat and power plants, a solution that strengthens both local sustainability and European energy security. According to Liquid Wind, the project is of strategic importance for both Sweden and the EU’s green transition.
TM & Partners acted as legal advisor to Umeå Energi in the drafting and negotiation of the agreements that form the basis for the project’s implementation. These include financing arrangements, guarantee undertakings, and cooperation agreements between Umeå Energi and FS3AB, which will own and operate the facility.
For more information about the project, please refer to the press release:
https://www.umeaenergi.se/aktuellt/umea-energi-och-liquid-wind-tar-nasta-steg-mot-elektrobransleanlaggning
TM & Partners team consisted of:
Per Granström (Partner)
Fredrik Gustafsson (Partner)
Catharina Ull (Senior Associate)
Francisco Stråhle (Associate)
Elin Torpman (Associate)
For more information, please contact the responsible partner:
Per Granström
Email: per.granstrom@tmpartners.se
Phone: +46 76 00 283 60