Nordbex appoints Swedbank as strategic financial advisor to decarbonise the Nordic CHP market

Stockholm, Sweden – July 31st, 2025 – Nordbex AB (“Nordbex”) has appointed Swedbank/SpareBank1 Markets (“Swedbank”) as strategic financial advisor to support the rollout of plants purpose-built to replace and decarbonise aging municipal Combined Heat and Power (CHP) plants in the Nordic region.

As a first step, the parties will collaborate on a capital raise to fund Nordbex’s flagship facility, Nordbex 1 – Nybro, where Swedbank will act as sole financial advisor and bookrunner across the debt and equity raise. The agreement also establishes the basis for continued partnership on financing additional Nordbex plants in the future.

“The Nordbex 1 - Nybro Bio-CCUS facility marks a pivotal step in our effort to offer a scalable, carbon negative Bio-CCUS platform to the Nordic CHP sector,” said Thomas Öström, CEO of Nordbex AB. “We are excited to work with Swedbank not only on this project, but on a long-term journey to deliver multiple plants and systemic impact.”

Swedbank will provide full advisory services, including investor engagement, transaction structuring, and strategic documentation support, with a shared long-term commitment to the Nordbex platform.

About Swedbank

Swedbank empowers the many people and businesses to create a better future. Our vision is a financially sound and sustainable society. Swedbank Group is the leading bank with over 7 million retail customers and 550 000 corporate customers in our four home markets Sweden, Estonia, Latvia and Lithuania. Swedbank Group is also present in other Nordic countries, the U.S. and China. Together we make your financial life easier.

In addition, Swedbank are entering a new partnership with SpareBank 1 to create a leading Nordic investment bank. The new investment bank, SB1 Markets, will broaden Swedbank’s equity research and sales, increase sector competence, and strengthen the ability to serve the clients in the Nordic region.

Together with SB1 Markets, Swedbank brings a powerful combination of local knowledge, sector insight, and financial structuring expertise to support Nordbex’s multi-plant platform rollout.

About Nordbex

Nordbex AB is a Swedish climate-tech company with deep roots in carbon capture and sustainable energy. Building on long-term experience from its founders’ involvement in Landmark Power Holdings, Nordbex leverages proven expertise to deliver scalable, industrial-grade decarbonisation solutions.

The company develops and operates carbon-negative, greenfield Combined Heat and Power (CHP) plants, designed to generate up to 200,000 tonnes of biogenic CO₂ per year per site—ready for permanent carbon capture and storage or utilization. These next-generation facilities combine high energy efficiency with robust carbon performance, offering a turnkey path to decarbonisation for energy systems across the Nordics.

Nordbex plants are specifically engineered to replace aging municipal and regional CHP infrastructure, providing municipalities with a low-risk, future-proof alternative that aligns with Sweden’s and the EU’s net-zero targets.

With a long-term platform vision, Nordbex aims to establish a network of strategically located plants—positioning itself as a leading producer of Biogenic CO2 for eFuel production and the emerging biogenic carbon credit market.

Media Contact Nordbex:
Thomas Öström
CEO, Nordbex
thomas.ostrom@nordbex.com | +46708949605

Media Contact Swedbank:

Charlotte Nilsson

Media Relations Manager, Swedbank

press@swedbank.se