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The two Kvasir Technologies founders and the new investors: From the left: Mikkel Skytte Hejbøl (The Footprint Firm), Anders Bak Kristoffersen (Kvasir), Joachim Bachmann Nielsen (Kvasir), and Johan Bitsch Nielsen (EIFO)

Kvasir Technologies secures EUR 3 million investment from The Footprint Firm and EIFO

Copenhagen, 22 February 2024 – Kvasir Technologies, a Danish pioneer in sustainable biofuel development, announces a significant milestone in its journey toward carbon-neutral energy solutions. The company has successfully closed a seed extension, securing substantial investments from sustainability advisory and impact investor The Footprint Firm, based in Copenhagen, and the Export and Investment


Susanne Tolstrup

Susanne Tolstrup

Press contact Head of Communications and Public Affairs PR and Communication +45 3172 0144

Change the fuel. Not the Engine.

Kvasir Technologies is a Danish company that has developed a game-changing technology to produce climate friendly fuel for hard to abate industries. Kvasir converts non-edible waste-based biomass into a 1:1 substitute for fossil fuel in a simple, sustainable, and scalable way. We offer a CO2 neutral drop-in biofuel with no switching costs or added storage cost. Our solution bolts on to the current marine fuel supply chain. This allows for full flexibility in terms of handling both existing fossil fuels and green biofuel interchangeably in a seamless transition towards complete decarbonization. Founded in 2018 by Joachim B. Nielsen and Anders B. Kristoffersen, Kvasir is a spin-out from the Technical University of Denmark. The company runs pilot activities in Denmark and in the US and plans to build its first demo plant in Fredericia, Denmark.

Kvasir Technologies
Maskinvej 5
2860 Søborg