OFT receives 6,5 mDKK grant funding from the Danish EUDP-program

Organic Fuel Technology A/S and its partners in the WaveFuels-consortium have received a 6,5 mDKK grant commitment from
the Danish EUDP-program – a public innovation support program for energy technology.  

The grant will be used to finalize the design of OFTs first full-scale test- and demonstration plant and to validate up- and downstream values streams. The plant is due to be in operation in early 2025.

– We are very pleased! The commitment from the EUDP-program is a
vote of confidence in the company’s great potential and in our unique technology, says Jens Henrik Haahr, CEO of OFT.

– With this assistance we will finalize the design and further speed up
our preparations for the first full scale test plant. It is a big and positive leap forward.

OFT has conducted more than 100 test runs at pilot plant scale and the next step is to prove the technology in full scale demonstration.

– We already have proof of concept for our technology, and we know
much about our end-products – bio-oil and biochar. But to enter the market with an attractive commercial product that can contribute efficiently to the fight against global warming, we need to prove ourselves in a real-life operating environment. This journey gains speed now, says Jens Henrik Haahr

For more information:
Jens Henrik Haahr, CEO
 +45 4083 7523