CEO
Kvasir Technologies
Kvasir Technologies produces a carbon‑neutral, drop‑in biofuel made from non‑edible plant biomass and lignocellulosic waste that matches the chemical properties of conventional marine diesel on a 1:1 basis. The fuel can be blended or substituted in existing marine fuel supply chains without engine modifications, storage changes, or additional infrastructure, enabling a scalable pathway to decarbonize shipping and other high‑value fuel markets.
- Biotechnology
- Clean Technology
- Energy
Updated 4 months ago
Funding
Raised to date
€17.7MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Est. $19.2Macross 4 rounds
EEEIEAFF+3€10M · Series A
Announced Jun 2026 · from article date
Disclosed cumulative: $19.2M
4/4
RoundDateAmountValuationInvestors
Founders
Joachim Bachmann Nielsen
CEO
Anders Kristoffersen
Co-Founder
Product
Problem
Global reliance on fossil fuels drives greenhouse‑gas emissions and climate change, while transitioning to low‑carbon energy sources is hindered by the need for new infrastructure and costly fuel‑switching processes.
Solution
Kvasir Technologies produces a carbon‑neutral, drop‑in biofuel derived from non‑edible plant biomass and lignocellulosic waste. The fuel matches the physical and chemical properties of conventional marine diesel on a 1:1 basis, allowing it to be blended or substituted without modifications to existing engines, storage tanks, or distribution networks. By using abundant agricultural and forestry residues, the process is fully sustainable and scalable, delivering a direct pathway to decarbonize marine transportation and, in the longer term, other high‑value fuel and chemical markets.
Target Audience
Primary customers are marine fuel distributors, shipping companies, and vessel operators seeking a carbon‑neutral fuel that integrates with current supply chains, as well as industrial fuel buyers looking for sustainable high‑value fuel alternatives.
Features
- Converts lignocellulosic waste into a hydrocarbon fuel chemically identical to fossil marine diesel (1:1 substitution)
- Drop‑in compatibility eliminates engine retrofits, fuel‑system redesign, or additional storage requirements
- Production process is CO₂‑neutral, relying exclusively on non‑edible plant material
- Scalable feedstock supply chain leveraging globally abundant agricultural and forestry residues
- Enables seamless blending with existing fossil fuels for gradual transition and flexible fuel management