Since the start of Sweden’s Klimatklivet (Climate Step) program in 2015, the Swedish Environmental Protection Agency has granted support to 5,108 climate initiatives from Swedish companies and organisations, worth a total of SEK 11.3 billion. But just over a tenth of the projects, which together were granted SEK 2.3 billion, or approximately 20% of the total capital granted, never materialised. Among the twelve applications for a maximum amount, eight were linked to biogas plants. At the very top was an investment from Scandinavian Biogas, which did not use the SEK 154 million that the company was granted. “It is linked to the market situation for biogas. In recent years, it has been an uncertain situation. The entire industry has been waiting for the state to put its foot down and give a direction for what biogas production should look like,” says Michael Wallis Olausson, who is responsible for the group's growth project.
The plastic recycling company Quantafuel made an operating loss of NOK 66 million on revenues of NOK 10.2 million compared to minus NOK 34 million in the same quarter last year. Quantafuel says that its cash position of NOK 577 million at the end of the first quarter, puts it in a position to complete its investment program.
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.