We are very pleased to announce that our PHASE 3A, elimination of fuels creating negative emissions, has been approved by the Swedish Energy Agency.
The project includes design, installation and test trials in a production-like environment and is our last phase before a demo plant of about 10% capacity compared to a standard lime kiln. The Swedish Energy Agency has granted LimeArc Process AB an amount of approx. SEK 6,6 million.
To co-finance the Swedish Energy Agency, LimeArc Process AB is in the process of raising SEK 12 million. We expect to close the issue on the 31st of October with a very positive result.
September 9th, 2021