Liquid Wind and SAMSUNG E&A entered into a collaboration agreement to accelerate the development of eFuel facilities outside of Europe, in Asia, Africa, and the Middle East. The partnership aims to combine each party’s expertise to evaluate opportunities for collaboration in eFuel facility development, extending Liquid Wind’s reach and ongoing business development.

Under the collaboration, SAMSUNG E&A may be engaged to supply the engineering services of Liquid Wind’s future eFuel facility projects outside of Europe, in Asia, Africa, and the Middle East. The partnership supports Liquid Wind’s long-term objectives and its market strategy to develop and deploy eFuel facilities and expand globally.

On 21 November 2024, Liquid Wind announced the raise of €44 million (US$47 million) in Series C financing with Uniper, Hycap and Samsung Ventures to meet the increasing demand for low-carbon fuels. The raise represents one of the largest European funding rounds in the eFuel sector this year and will accelerate the development of green eFuel production for hard-to-abate sectors including shipping.