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Isafjordsgatan 30C
164 40 Kista
Sweden
Office: +46 (0)8 588 866 30

 
 
 
 

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Agreement: Cortus Energy will produce renewable energy for Höganäs AB’s production

News — @ April 18, 2017

Höganäs AB and Cortus Energy have today concluded a long-term agreement to establish a continuous supply of renewable energy gas and other energy products on a commercial scale.

"This is an important and pioneering step on our way to using renewable energy sources in our production," says Melker Jernberg, CEO of Höganäs AB. We want to contribute to a sustainable society, which means, among other things, that we minimize our carbon dioxide emissions. To succeed, innovative solutions are required, which are tested in real production.

Collaboration between Höganäs and Cortus Energy is still under the Probiostål project, a project funded by, inter alia, the Iron and Steel Society of Sweden and funded by the Swedish Energy Agency. Projects and preparations are currently underway to build a 6 megawatt WoodRoll® facility at Höganäs Industrial Area in Höganäs. In the new plant biomass will be gasified to energy gas. For the plant, Cortus Energy has also received support from the Swedish Environmental Protection Agency (through the facility “Klimatklivet”).

"The collaboration with Höganäs is gratifying based on their worldwide business, genuine operations and technical foresight," says Rolf Ljunggren, CEO of Cortus Energy. “They are both a demanding customer and pioneers in new technology, not just their own but now also renewable energy through our project.”

The first step in the cooperation aims at testing the technology under real conditions and adapting the process so that the energy gas meets the requirements of Höganäs metal powder production. Because a WoodRoll® plant carburizes biomass, so-called green carbon is a by-product in the process. This is also an attractive material for Höganäs because it could replace parts of the carbon used as a reducing agent in the production of raw powder, called iron sponge.

"Our type of production places high demands on both energy and raw materials," says Nicklas Lång, Sustainability Director and Chief Legal Officer at Höganäs AB. “For us, it is an important task and part of our long-term strategy to switch from fossil fuels to renewable energy. To succeed, it is important that we engage and invest resources in exploring new opportunities.”

The plan is to start testing the energy gas in Höganäs production in the first half of 2018. After completion of the tests, the plant will be scheduled for regular delivery of renewable energy products, which means annual sales of approximately MSEK 15 for Cortus Energy from 2019. This will be a breakthrough for renewable energy gas in industrial Processes in Sweden.

Facts / Probiostål
Probiostål was started in 2014 with a preliminary study in which academia and industry participated. The purpose was to investigate the possibilities of producing renewable energy on a commercial scale for use in Höganäs metal powder production.

Financing is based on contributions from the Swedish Environmental Protection Agency and Energy Agency, Höganäs AB, industrial partners, natural resources (in), banks and equity. Cortus will lead the implementation. Other players contributing to Probiostål are ABB, Calderys, SSAB, Sveaskog, Södra and Outokumpu. KTH and Swerea will evaluate real results in relation to previous theoretical studies that are published in 2015 and 2016.


Rolf Ljunggren, CEO Cortus Energy (publ), telephone 08-588 866 30
Nicklas Lång, Sustainability Director and Chief Justice Höganäs AB, Tel. +46 (0) 2 33 33 00

About Cortus Energy
Cortus Energy develops and markets the unique WoodRoll technology which gasify biomass in a new innovative manner that results in a number of unique advantages over all other existing gasification technology. With the patented WoodRoll technology Cortus Energy offers green energy solutions for power, industrial and transportation applications. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising the process performance.

Cortus Energy's shares are traded on Nasdaq First North, Stockholm, Sweden. Mangold Fondkommission AB, tel +46 8-503015 50, is the Company's Certified Adviser.
www.cortusenergy.com

About Höganäs AB
Höganäs is a world leader in the iron and steel powder market with an annual capacity of 500,000 tonnes. Together with its customers, Höganäs develops solutions for tomorrow's vehicle components, high temperature soldering, electrical motors, additive manufacturing and water purification. In 2016, sales amounted to SEK 7.3 billion. Höganäs, founded in 1797, is owned by Lindéngruppen and Wallenberg-owned FAM.
www.hoganas.com

Link to press release (PDF)


The project in Mariposa receives investment grant of USD 5 million from California Energy Commission

News — @ March 27, 2017

The project in Mariposa, California, designed to generate electricity from a modular 6 MW WoodRoll received March 24 an investment grant of USD 5 million from California Energy Commission to demonstrate new high-efficiency small scale biomass power technology. The support is a major step towards establishing the first WoodRoll project on the North American market.

Cortus Energy in collaboration with a non-profit local group in Mariposa, California, "Mariposa Biomass Project" (MBP) are developing a project for small-scale biomass power. The project intends to gasify local forest products to 6 MW energy gas in a modular WoodRoll. The energy gas drives a gas engine which produces 2.4 MW of electricity. The thinning and harvesting from the forests in California has for a long time been on a too low level. This has caused severe forest fires and extensive tree mortality due to the bark beetle. With this as background, the state of California has introduced a strong support system for small-scale biomass power in form of feed-in tariffs and investment subsidies. $ 10 million was allocated to demonstrate new high efficiency technologies in two different projects. The project in Mariposa was the project that received the highest evaluation score and received an investment grant of $ 5 million. The grant is allocated to the project and is administered by Mariposa County Resource Conservation District.

MBP is now running the process to ensure all the necessary permits. The environmental permit is submitted shortly. Decision for all needed permits is expected to be completed during the second half of 2017. Cortus Energy intends to build and co-own the plant. Discussions with various potential local partners has begun. In addition to team up with local partners, the financing and long term feedstock supply must be secured as well as a satisfactory level and length of the feed-in tariff must be reached before starting implementation of the project. The conditions for an investment decision is expected to be in place during the first half of the 2018.

"The investment grant is very encouraging and confirms the leap that WoodRoll represents to gasify biomass in a highly efficient manner. The grant means that the conditions for a first WoodRoll projects in North America are good,"says Rolf Ljunggren, CEO Cortus Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy develops and markets the unique WoodRoll technology which gasify biomass in a new innovative manner that results in a number of unique advantages over all other existing gasification technology. With the patented WoodRoll technology Cortus Energy offers green energy solutions for power, industrial and transportation applications. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising the process performance. Cortus Energy's shares are traded on Nasdaq First North, Stockholm, Sweden. Mangold Fondkommission AB, tel +46 8-503015 50, is the Company's Certified Adviser.

Link to press release (PDF)


Swedish Environmental Protection Agency (EPA) grants Cortus Energy support from the Climate Leap with SEK 36.3 million for the project in Höganäs

News — @ December 6, 2016

Cortus Energy has today received a grant from the Climate-step with SEK 36.3 million for the project in Höganäs relating to an investment in a 6 MW modular WoodRoll at Höganäs AB. The support from the Climate Leap represents a major step toward establishing WoodRoll on a commercial scale.

Cortus Energy develops and markets the unique WoodRoll technology which gasify biomass in a new innovative way that results in several unique advantages over all other existing gasification technologies. Cortus Energy offers competitive green energy solutions for power, industrial and transportation applications based upon the patented WoodRoll technology.

Project Probiostål was started in 2014 and has been running in collaboration with Höganäs AB. The project also includes companies and suppliers within the Swedish steel industry (via Jernkontoret – the Swedish Steel Association). The project aims to identify and verify technical solutions that reduces the steel industry's emissions of mainly carbon dioxide. A modular 6 MW WoodRoll shall be erected in 2017 to demonstrate these capabilities during 2018. After completion of the demonstration the plant goes into commercial operation where Cortus Energy owns and operates the facility for the delivery of green (renewable) energy to Höganäs AB. This, per the preliminary agreement as communicated February 16 (2016).

The Climate Leap is part of the state budget. EPA, in collaboration with other central agencies and county administrative boards provide support to local investments. The funds invested will provide the greatest possible benefit to the climate and the main purpose is to reduce greenhouse gas emissions. Dissemination of technology, market introduction and positive impact on other environmental parameters, health and job creation are other desired effects.

EPA's decision to support the project in Höganäs ensures its commercial part and is motivated by "Based on information received for the project and the EPA estimates demonstrate one of the greatest sustained reduction of greenhouse gas emissions per invested SEK."

"EPA’s positive decision is very encouraging and confirms the cost-effective climate benefits that WoodRoll have. With the support from the Climate Leap we are taking a major step forward on establishing our modularized WoodRoll on a commercial scale. We are now working to get the last parts of the financing in place to be able to take a positive investment early 2017. "says Rolf Ljunggren, CEO Cortus Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy (Publ) offers cost-effective energy gas for power, industrial and automotive applications based on its patented WoodRoll technology. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising processing performance. Cortus Energy's shares are traded on Nasdaq First North (Stockholm, Sweden). Mangold Fondkommission, phone +46 8-503 01 550, is the Company's Certified Adviser.

Link to press release (PDF)


The Swedish Energy Agency grants Cortus Energy SEK 7.9 million for the investment phase of project Probiostål in Höganäs 2017

News — @ November 23, 2016

Cortus Energy has today been granted SEK 7.9 million for project Probiostål’s next part relating to the investment in a 6 MW modular WoodRoll at Höganäs AB in 2017. The realization of the investment requires some further public financing of Cortus Energy's first modular plant in Höganäs.

Cortus Energy develops and markets the unique WoodRoll technology which gasify biomass in a new innovative way that results in several unique advantages over all other existing gasification technologies. Cortus Energy offers green energy solutions for power, industrial and transportation applications based upon the patented WoodRoll technology.

Project Probiostål was started in 2014 and has been running in collaboration with Höganäs AB. The project also includes companies and suppliers within the Swedish steel industry (via Jernkontoret – the Swedish Steel Association). The project aims to identify and verify technical solutions that reduces the steel industry's emissions of mainly carbon dioxide. A modular 6 MW WoodRoll shall be erected in 2017 to demonstrate these capabilities during 2018. After completion of the demonstration the plant goes into commercial operation where Cortus Energy owns and operates the facility for the delivery of green (renewable) energy to Höganäs AB. This, per the preliminary agreement as communicated February 16 (2016).

The Swedish Energy Agency decision announced today concerns the investment phase of the project and requires that the financing of the complete investment is secured latest by end March 2017. Cortus Energy is awaiting further decisions on additional public funding within the coming weeks.

"The Swedish Energy Agency's positive decision on the investment in our first modular WoodRoll means we are taking a major step forward to establish WoodRoll on a commercial scale. We are now awaiting a decision on the final piece of public support for project Probiostål" says Rolf Ljunggren, CEO Cortus Energy."


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy (Publ) offers cost-effective energy gas for power, industrial and automotive applications based on its patented WoodRoll technology. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising processing performance. Cortus Energy's shares are traded on Nasdaq First North (Stockholm, Sweden). Mangold Fondkommission, phone +46 8-503 01 550, is the Company's Certified Adviser.

Link to press release (PDF)


Order from Forest Energy on a Basic Engineering for project in Japan

News — @ June 21, 2016

Forest Energy has today placed an order worth € 550,000 for a Basic Engineering for a first WoodRoll plant in Japan for small-scale electricity generation based on biomass.

As previously announced (2 May) a strategic cooperation agreement was signed between Forest Energy (www.forestenergy.jp) and Cortus Energy to develop the Japanese market for small-scale electricity generation based on biomass. In accordance with the agreement, Forest Energy has ordered a Basic Engineering for a first installation.

Cortus Energy shall, within the framework of the Basic Engineering during the second half of 2016 supply technical documentation. The results will form the basis for an investment decision to build a WoodRoll plant of 2 MW electricity generation capacity. The facility will be using local fuels (forest based biomass) which ensures a high feed-in tariff for the generated electricity that will be feed into the Japanese power grid.

Forest Energy will in parallel with the Basic Engineering determine the final location, ensure long-term fuel supply and secure all necessary permits and structured finance. With this in place it is expected that an investment decision and an order for a complete plant could be obtained during the first half of 2017. The plant is expected to be in operation a year after such order.

This first facility for 2 MW of electricity, based on the modular 6 MW WoodRoll facility, will provide the basis for future cooperation. As previously reported, the potential for the next 5 years is up to 25 projects. The incentive system in Japan for biomass-based electricity generation is strong, probably the strongest in the world. The small-scale segment, up to 2 MW of electricity, has the strongest incentives (20-year support agreement) and is at 40 JPY / kWh (which corresponds to approx. 0.33 EUR / kWh).

"We are very pleased that our collaboration with Forest Energy developed as planned and that the first step towards realize a plant is now taken. This lays the foundation for working together with Forest Energy to further develop the huge business potential for WoodRoll on the Japanese market. "says Rolf Ljunggren, CEO Cortus Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy (Publ) offers cost-effective energy gas for power, industrial and automotive applications based on its patented WoodRoll technology. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising processing performance. Cortus Energy's shares are traded on Nasdaq First North (Stockholm, Sweden). Mangold Fondkommission, phone +46 8-503 01 550, is the Company's Certified Adviser.

Link to press release (PDF)


Cortus Energy and Powercell are jointly developing a climate-neutral solution to produce environmentally friendly electricity

News — @ May 23, 2016

Cortus Energy AB (publ) has signed a letter of intent for a partnership with the leading fuel cell company Powercell Sweden AB (publ) to develop and market environmentally friendly biomass to power solutions.

Cortus Energy will begin working closely with leading fuel cell company Powercell. Together they will offer a biomass to power solution based on Cortus Energy's WoodRoll® gasification process that produce hydrogen which is used in fuel cells from Powercell to generate renewable power.

The alliance with Powercell means an environmentally friendly and highly effective alternative to the gas engines that are used in WoodRoll® installations to supply internal process power. It also opens up for opportunities to use fuels cell for generating Combined Heat & Power in commercial WoodRoll® installations.

"Electricity generation by fuel cells means higher efficiency with lower emissions than what is possible with today’s gas engines. Through a system of fuel cells in WoodRoll®, the cost of power generated is reduced. We also get the opportunity to become self-sufficient in power to our own process. Large mutual benefits and synergies simply", says Rolf Ljunggren, CEO, Cortus Energy AB.

The cooperation is an opportunity to fill the need for renewable hydrogen at a low cost and high availability, which are critical parameters for the commercial success. Powercell also sees synergies with stacks for automotive and industrial applications of fuel cells that will increase the production rate of the stacks and thereby reach critical production volumes.

"Cortus technology means a clean gas from biomass on a large scale which opening up new market opportunities for fuel cells. We certainly look forward to a close cooperation with Cortus Energy to jointly develop solutions that fits customers' needs for environmentally friendly power solutions based on biomass", says Andreas Boden, Marketing & Sales Manager, Powercell Sweden AB.

The letter of intent on cooperation means the companies shall gradually validate the technology, from tests in Köping (WoodRoll® testing site) to industrial scale e.g. for Japan. An upscaling of the technologies creates opportunities for new joint customer projects where Cortus Energy and Power Cell's technologies are integrated.

For further information, please contact:
Rolf Ljunggren
CEO, Cortus Energy AB (publ)
Tel: +46 (0) 8 588 866 30

Per Wassén
CEO of Powercell Sweden AB (publ)
Tel: +46 (0) 76 55 33 771
Email: per.wassen@powercell.se

About Cortus Energy
Cortus Energy (Publ) offers cost-effective energy gas for power, industrial and automotive applications based on its patented WoodRoll technology. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising processing performance. Cortus Energy's shares are traded on Nasdaq First North (Stockholm, Sweden). Mangold Fondkommission, phone +46 8-503 01 550, is the Company's Certified Adviser. For further information, please visit: www.cortusenergy.com

About Powercell Sweden AB (publ)
PowerCell Sweden AB is the leading fuel cell company in the Nordics, which develops and produces environmental-friendly fuel cell power solutions for stationary and mobile customer applications. PowerCell has developed a modular system of fuel cell platforms producing electricity from hydrogen with only heat and water as emissions. The fuel cells are designed to handle pure hydrogen as well as the hydrogen reformed from e.g. biogas, natural gas, biodiesel or standard low-sulphur diesel. Our aim is to provide unique fuel cell power solutions that allow our customers to utilise the existing fuel infrastructures without further damage to the environment. We believe that our system truly bridges the gap between the infrastructure of today and that of tomorrow, by using tomorrow’s technology within today’s reality.
Powercell Sweden AB (publ) is listed on First North at NASDAQ Stockholm and is an industrial spin-out from the Volvo Group. G & W Fondkommission is the Company designated Certified Adviser for listing on Nasdaq First North Stockholm. Among the largest owners are Midroc New Technologies, Fourier transform, Finindus and Volvo Group Venture Capital. For further information, please visit: www.powercell.se

Link to press release (PDF)


 

Japanese Forest Energy and Cortus Energy have entered into an agreement on strategic cooperation

News — @ May 2, 2016

Forest Energy (Kuni Umi Biomass Inc.) and Cortus Energy (Publ) today signed an agreement which marks the start for a strategic cooperation for the lucrative Japanese market for small scale electricity generation based on biomass.

The earlier announced (April 19) preliminary agreement between Forest Energy and Cortus Energy has resulted in a firm agreement for a strategic cooperation to develop the Japanese market for small scale electricity generation based on biomass.

The incentive systems for biomass based electricity generation in Japan is strong, probably the strongest in the world. Until now larger scale projects, above 5 MW of power, has been developed. Forest Energy has developed two such projects with a total capacity of 25 MW. Within the small scale segment, up to 2 MW, the incentives (20 years Feed in tariff) are the highest but proper technologies has until now been missing to realize this potential. Forest Energy has made an extensive search on different technologies. The WoodRoll® process has been found to be the technology with the highest potential and best fit for the Japanese opportunity.

Forest Energy will use it experience and competence to identify and develop small scale projects that will use Cortus Energy’s unique gasification technology WoodRoll® to convert biomass to power. With projects financed on favorable conditions, Cortus Energy will have the opportunity to be co-owner.

The strategic cooperation is based on realizing a first 2 MW electricity Pilot project, based on the modular 6 MW WoodRoll® plant. The pilot project will form the base for the future cooperation. The potential for the next coming 5 years is in the range of 25 projects. Forest Energy will order the basic design for the pilot project in June and an order for the Pilot project will follow within 12 months when the project site has been fully developed. Forest Energy works to obtain all needed permits, securing long term feedstock supply, 20 years feed in tariffs as well as a structures financing of each project.

"We are excited to start the cooperation with Forest Energy that is a perfect partner who has critical competence and experience to successfully establish and develop biomass projects as well as structured project financing for the lucrative renewable electricity market in Japan.” says Rolf Ljunggren, CEO Cortus Energy.

"We are delighted to work in partners with Cortus Energy to introduce its WoodRoll® technology in Japan. The technology offers not only a cost-effective solution to the small scale biomass market, but also the flexibility to produce green hydrogen, which we believe will become the new source of energy in the coming years. We are confident that our joint efforts will result in a successful and profitable cooperation between Sweden and Japan” says Shingo Numa, CEO Forest Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy (Publ) offers cost-effective energy gas for power, industrial and automotive applications based on its patented WoodRoll technology. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising processing performance. Cortus Energy's shares are traded on Nasdaq First North (Stockholm, Sweden). Mangold Fondkommission, phone +46 8-503 01 550, is the Company's Certified Adviser.

About Forest Energy
Forest Energy brings one-stop solution to biomass energy business in Japan. We develop, engineer, finance and operate biomass power plants. Today, we have two wood-fired biomass plants under management (5.75MW and 20.5MW). Currently, the company is registered under the name of Kuni Umi Biomass Inc, and change to Forest Energy will be completed in early May 2016.
Forest Energy contact
info@forestenergy.jp
http://forestenergy.jp/

Link to press release (PDF)


 

Japanese Forest Energy and Cortus Energy have entered into a preliminary agreement on strategic cooperation

News — @ April 19, 2016

Forest Energy (Kuni Umi Biomass Inc.) and Cortus Energy today signed a preliminary agreement on joint projects for the lucrative Japanese market for electricity generation based on biomass.

Forest Energy owns and operates biomass power plants in Japan, current portfolio is today consisting of two projects totaling 25 MW of electricity. Forest Energy wants to expand the business further within the profitable 2 MWel level using modular 6 MW WoodRoll installations.

Cortus Energy develops and markets the unique WoodRoll technology for the gasification of biomass. WoodRoll is a new innovative gasification process that results in a number of unique advantages over all other existing gasification technology. The patented WoodRoll technology offer cost-effective green energy solutions for power, industrial and transportation applications.

"We now see an opening to the highly profitable Japanese market through cooperation with Forest Energy. We are particularly delighted at the Forest Energy's extensive evaluation process of several gasification technologies have led to the choice of Cortus Energy’s WoodRoll technology." says Rolf Ljunggren, CEO Cortus Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy offers cost-effective energy gas for power, industrial and automotive applications based on its patented WoodRoll technology. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising processing performance. Cortus Energy's shares are traded on Nasdaq First North (Stockholm, Sweden). Mangold Fondkommission, phone +46 8-503 01 550, is the Company's Certified Adviser.

Link to press release (PDF)


Höganäs AB and Cortus Energy AB have signed a preliminary agreement on 6 MW modular WoodRoll®

News — @ February 16, 2016

Höganäs AB and Cortus Energy AB ("Cortus Energy" or the "Company") today signed a preliminary agreement (term sheet) for a continuation of the project PROBIOSTÅL. The preliminary agreement describes the business case in the subsequent step of project PROBIOSTÅL, where syngas replaces natural gas at Höganäs AB. The preliminary agreement also forms the basis to start development of the plant to a modular 6 MW WoodRoll®.

Cortus Energy develops and markets the patented WoodRoll® technology for the gasification of biomass in a new innovative way that results in a number of unique advantages over all other existing gasification technologies. With the patented WoodRoll® technology Cortus Energy can offer cost-effective green energy solutions for power, industrial and transportation applications.

In 2015 with support from the Swedish Energy Agency, Höganäs AB and Cortus Energy started the Basic Engineering of a plant for the project PROBIOSTÅL (see press release of 13/05/14). Together, the parties concluded that an increase in capacity of 6 MW syngas and the construction of a modular system for a future commercial operation is the best solution for the project. The parties have now entered into a preliminary agreement (term sheet) which describes the commercial basis of delivery of syngas to Höganäs starting in 2018. With that as base begin negotiations on a commercial agreement, which is expected to be concluded during the first half in 2016.

"We are delighted to have now taken the next step on a common way forward with Höganäs. With an upcoming commercial agreement and installation of WoodRoll® in Höganäs, we can, from a technical verification of the syngas to Höganäs heating furnaces in within the project PROBIOSTÅL quickly start commercial deliveries. Of course, this assumes that the verification is successful. We also expect an increased interest from other potential industrial customers and future stakeholders on WoodRoll®." Says Rolf Ljunggren, CEO Cortus Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy offers cost-effective energy gas for power, industrial and automotive applications based on its patented WoodRoll technology. WoodRoll has great feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising processing performance. Cortus Energy's shares are traded on Nasdaq First North. Mangold Fondkommission, phone 08-503 01 550, is the Company's Certified Adviser.

Link to press release (PDF)


The Swedish Energy Agency awards Cortus Energy 4.6 million SEK grant

News — @ December 17, 2015

Cortus Energy was today awarded a grant for the project "Green gas from WoodRoll® for future fossil-free vehicle fleet" by 4.6 million SEK during 2016. The decision means an increased activity in the test facility in Köping to produce renewable fuels from WoodRoll®.

Cortus Energy develops and markets the unique WoodRoll® technology for gasification of biomass in a new innovative way that results in a number of unique advantages over all other existing gasification technology. With the patented WoodRoll® technology Cortus Energy can offer cost-effective green energy solutions for the power, process and transport industries.

During 2015 the testing plant in Köping has been rebuilt and upgraded to a fully integrated process flow. This current project is a continuation of this work to enable the production of automotive fuels such as synthetic natural gas and hydrogen for fuel cell cars. The project will result in a process that ensures the quality of syngas for these applications. The plant in Köping will in this step become a Biorefinery in miniature. The Biorefinery is simply where biomass is converted to hydrocarbons of various types for the same applications as fossil products. A reasonable expectation is that Cortus will see more stakeholders in Köping as the commercialization continues.

"It is very gratifying for us at Cortus that we get support to continue working in Köping with products of gasification with higher values ​​and focused on the transport sector. We also expect an increased interest from our potential customers and also new stakeholders as we broaden our offer and scope of WoodRoll®. " says Rolf Ljunggren, CEO Cortus Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy offers cost-effective energy gas for power, process and automotive applications based on its patented WoodRoll® technology. WoodRoll® have a fuel flexibility, which means that the process can utilize low-grade renewable fuel without compromising processing performance. Cortus Energy's shares are traded on NASDAQ OMX First North. Mangold Fondkommission, phone 08-503 01 550, is the Company's Certified Adviser.

Link to press release (PDF)


Fully integrated WoodRoll® demonstration plant

News — @ November 16, 2015

Cortus Energy has run operational tests with a fully integrated WoodRoll® at its demonstration plant in Köping (Sweden). The test campaign has confirmed the WoodRoll® technology in all aspects as well as the full integration of an uninterrupted flow from wet biomass to delivery of a clean and energy-rich syngas.

Cortus Energy develops and markets the unique WoodRoll® technology for gasification of biomass in a new innovative setup that results in the number of unique advantages over all other existing gasification technologies. With the patented WoodRoll® technology Cortus Energy offer cost-effective green energy gas solutions for: power, industrial and transport applications.

During 2015 the WoodRoll® testing plant in Köping has been rebuilt and upgraded to a fully integrated process flow. The original facility, where the sub-steps in the process have been run in sequence, has now been linked together into a fully integrated process. After the summer, the plant has been tested by the step by step according to a fixed schedule. All sub-functions and their integration has been verified. Defects and deficiencies have been remedied as occurred. With regards to the process technology, safety features, automation and sophisticated materials the facility in Köping is perhaps, nowadays, the most advanced plant for gasification of biomass that exists.

After months of work, the overall objective to operate a fully integrated WoodRoll® process from wet biomass into a clean and energy-rich syngas, in a continuous and uninterrupted flow was completed during the previous week.
The successful test campaign is now closed and the results shall be evaluated to be able to capture experiences and new knowledge for the ongoing design of the first commercial WoodRoll® plant which will have a capacity of 6 MW syngas.

"We are very pleased to now also in practical tests have confirmed the full integrated feature of our unique gasification technology. The results strengthen us in our ongoing efforts to commercialize the WoodRoll technology. "Says Rolf Ljunggren, CEO Cortus Energy.


For further information, please contact:
Rolf Ljunggren, CEO
Tel: +46 (0) 8 588 866 30
www.cortusenergy.com

About Cortus Energy
Cortus Energy provides cost-effective green energy gas solutions for power, industrial and transport applications based on its patented WoodRoll® technology. WoodRoll® have large feedstock flexibility, which means that the process can utilize low-grade renewable feedstock without compromising the process performance. Cortus Energy's shares are traded on NASDAQ OMX First North.

Link to press release (PDF)


Patent on optimized Hydrogen generation from WoodRoll biomass gasification granted in the USA

News — @ January 21, 2015

Cortus Energy actively works on cost efficient green energy for power, process and transport industries. Hydrogen from a completely green source and in industrial scale is becoming necessary to realize the vision of the non-pollution cars driven by fuel cells.

Cortus has got a new patent granted in the USA for a process solution where the WoodRoll® biomass gasification technology can integrate a water gas shift process in order to generate a clean renewable hydrogen. The hydrogen level from the WoodRoll® process is normally 55- 60% but the newly patented process increases the hydrogen level to almost 100% of the energy from gasification of biomass.

“We are very optimistic about the future potential for green Hydrogen from biomass” says Rolf Ljunggren, CEO of Cortus Energy.


Agreement for the commercialization of new technologies for renewable natural gas

News — @ October 1, 2014

Cortus Energy signs agreement on rights for the commercialization of new technologies for the production of synthetic natural gas (SNG, so-called renewable natural gas or bio methane) as part of the ongoing InnoEnergy project.

Cortus Energy signs agreement on rights for the commercialization of new technologies for the production of synthetic natural gas (SNG) as part of the ongoing InnoEnergy project. Within the European research program InnoEnergy launched in 2011 is a part for new technologies for the methanation of syngas from biomass for the production of synthetic natural gas (SNG) so called “renewable natural gas”.

The project's mission is to demonstrate the technology where syngas from Cortus Energy’s WoodRoll® process is treated and methanized into renewable natural gas. Furthermore, the project will also show how the yields of the process can be improved by addition of hydrogen produced by electrolysis using electricity from wind power surplus. The results are included as part of the project "Smart Grid" for natural gas.

Cortus Energy’s thermal gasification process WoodRoll® is complemented by new gas cleaning from the Royal Institute of Technology (KTH, Sweden) and new methanation technology from DVGW / KIT (Germany). Spanish "Gas Natural" is also a partner in the project.

The demonstration will be performed at Cortus Energy’s reference facility for WoodRoll® in Köping (Sweden) during November and December this year. The final report of the project will follow in 2015.

The project's new process technology has, until today, revealed major improvements for yields and lower investment costs compared to available existing technologies in the market. These two factors are crucial for the ability to achieve commercial success for renewable natural gas, primarily in Europe.

The need for renewable natural gas in the European Union is very large. Germany, on the basis of population and its ongoing energy transition (“die energiewende”), is distinguished as the single largest market.

"It is with great pleasure that we take responsibility for the commercialization of technology from the project. Cortus Energy’s offer is therefore unique in the market, from biomass to renewable natural gas from the same supplier. This opens a new market for us from next year which looks very exciting for us" says Rolf Ljunggren, CEO of Cortus Energy AB.

Link to press release (PDF)


Cortus sign agreement for heat supply from three WoodRoll facilities with Italian client

News — @ July 23, 2014

The wholly owned subsidiary Cortus Energy Italy S.r.l. has signed a 20-year agreement to supply heat from a total of three WoodRoll facilities of 5 MW each, i.e. in total 15 MW, with an Italian agricultural company. The facilities will be built on the Italian client’s land and land lease agreements have been entered into. When the first plant of 5 MW delivers as per the agreement the realization of the remaining two follows.

The agreement is based upon the Letter of Intent that was announced September 6, 2013 with a significant change: In light of the good profitability from the sale of renewable electricity the board of Cortus has decided that Cortus will own and operate the facilities to sell excess heat to the Italian customer and sell renewable electricity to the public electricity network and thereby obtain government subsidies for renewable electricity for 20 years.

The application processes for environmental permits and building permits will now begin. These form the basis for applications for government subsidies for renewable electricity for which decisions are obtained by September 2015. The agreement with the Italian customer is conditioned to that Cortus’ application for subsidies for renewable electricity is approved.

"With this agreement there are conditions in place to build a first profitable reference site of 5 MW. Such a facility provides the ability to take advantage of the great interest that exists in Italy to produce renewable electricity. We also see that similar opportunities exist in other markets in Europe, such as Germany" says Rolf Ljunggren, CEO of Cortus Energy AB.


Cortus to strengthen its platform through public listing by reverse acquisition of Clean Tech East and securing of financing for industrial expansion

News — @ Thursday, December 6, 2012

• CleanTech East Holding AB, listed on Aktietorget in Sweden, acquires Cortus and changes name to Cortus Energy AB (publ)
• The deal enables a rapid commercial start-up through the 10-year contract Cortus signed with Nordkalk in Köping, Sweden for supply of syngas, a contract that in full operation is expected to generate good profitability and is also expected to lead to a reduction in carbon dioxide emissions by over 70,000 tons per year
• A new board of directors is recruited with, among others, Per-Olov Norberg and Maria Wetterstrand
• The combined company will perform an underwritten rights issue of approximately SEK 36 million
• The company intends to apply for a listing on NASDAQ OMX First North in Sweden

The acquisition
Background and rationale
The deal is part of Cortus expansion plan and gives Cortus a good platform for continued growth and increased exposure to the capital market.

“The transaction with Clean Tech East and the subsequent capital raising is important for us to implement our first presence in an industrial scale project, which – if everything works as it should – will lead to a very profitable development of the new Cortus Energy” comments Rolf Ljunggren, CEO of Cortus.

“After a year spent on preparing Clean Tech East for the next step in the company’s development as well as to evaluate several new business ideas, we are now delighted to offer our shareholders a unique opportunity to take part of the future growth in value of Cortus’ projects, which are at the forefront of developments within the area of environmentally friendly energy. I am convinced that in the acquisition of Cortus we build a very strong platform for future value creation,” said Robert Eriksson, CEO of Clean Tech East, in a comment on the proposed deal.

Implementation
Clean Tech East’s acquisition of Cortus will be made through payment in full in the form of newly issued shares. The transaction is subject to approval by an Extraordinary General Meeting in Clean Tech East and that the meeting will resolve in accordance with the Board’s entire proposal.

Clean Tech East will, subject to the decision of the Extraordinary General Meeting, in conjunction with the acquisition assume Cortus’ business focus and the company will be renamed Cortus Energy AB (publ).

New Board
The extraordinary general meeting of Clean Tech East will also resolve upon electing a new Board, with the re-election of Robert Eriksson and election of Per-Olov Norberg, Maria Wetterstrand, Rolf Ljunggren and Ulrik Jansson. Rolf Ljunggren, founder of Cortus, will become the CEO of the combined company.

The new Chairman of the proposed board, Per-Olov Norberg, states:
“I have been impressed by the technology level and management of the project. In addition, the plant is relatively low-cost and easy to build, and almost self-sufficient in operating energy. I think Cortus technology is very attractive for energy intensive industries, also if you see beyond the favorable environmental impacts”.

At the same time Maria Wetterstrand, former spokesman for Sweden’s Green Party, has been proposed as a new member of the Board.
“I have been contacted by many inventors and entrepreneurs within the environmental business area since I left politics, but have so far declined to engage with their ideas. The industrial sector’s transition from fossil fuels is a project that is close to my heart, and is an area where much remains to be done. What I have seen of Cortus’ technology and management feels great, and Cortus have come further than most projects I’ve seen so far. Cortus shows that an industrial transition is possible. I am happy to take part in this work and make sure that Cortus’ is moving ahead.”

Financial Advisor
Mangold Fondkommission AB is acting as financial advisor to the transaction and Gransäter & Partners Corporate Finance has been instrumental in procuring the underwriting.

About Cortus
Cortus mission is to provide cost effective and innovative bio-energy solutions for process, power and transportation industries based on the patented gasification technology WoodRoll ®. For more information see www.cortus.se.

For further information, please contact:
Rolf Ljunggren, CEO and founder of Cortus AB.
Tel: +46 70 694 48 98

Robert Eriksson, CEO CleanTech East Holding AB.
Tel: +46 70 111 26 15

Link to CleanTech East:s press release (PDF)


Exceptional Gasification Results For Cortus

News — @ Thursday, February 23, 2012

Cortus has succeeded for the first time, in a 500 kW gasification plant, to produce synthesis gas from biomass without traces of hydrocarbons.

It has previously not been possible to produce completely pure biogas from biomass without generating impurities of hydrocarbons. This has been a problem for both producers and users of biogas.

”With a synthesis gas, free of hydrocarbons from biomass gasification, new opportunities open to produce bio-based chemicals and fuels in conventional synthesis processes with a much simpler, and therefore cheaper, initial gas-cleaning system,” says Klas Engvall, professor in Chemical Engineering at KTH, The Royal Institute of Technology in Stockholm.

”Our test results are extremely encouraging. Producing syngas from biomass without any traces of hydrocarbons, even methane, is unique. We have shown that the process can deliver the gas composition that has previously only been seen in theory. This is great news,” says Rolf Ljunggren, CEO of Cortus AB.

Tests have been conducted by gasification of industrial charcoal at 1120 degrees Celsius.

Rolf Ljunggren says that the work in the Swedish city Köping, in close cooperation with Nordkalk, a leading limestone producer, and local partners, has turned out well and with their combined efforts, succeeded in overcoming difficulties and challenges that existed.

”With a continued focus on the process and our ability to meet the challenges, the latest development is very exciting for us,” says Rolf Ljunggren.


Cortus supported by the Agency for Economic Regional Growth

News — @ Saturday, January 21, 2012

”Cortus’ patented gasification process has potential both nationally and internationally. It is in line with our pilot efforts in the area Environment Driven Export”, says Tony Meurke, at the Swedish Agency for Economic and Regional Growth.

”The support from Swedish Agency for Economic and Regional Growth enables us to thoroughly research our most attractive export markets, something that definitely will facilitate and accelerate our international expansion”, says Cortus CEO Rolf Ljunggren.

The project’s objective in 2012 is to develop a thorough and systematic model for increasing the competitiveness of the WoodRoll ® process. The result will be used as the platform for Cortus’ offer to the renewable energy market. The project also aims at formalizing partnerships for sales channels, networks and partners in target markets. Cortus will also use the results in the continued work in responding to requests from the EU, U.S., South America, India and China.


Open Innovation Project with Nordic Council

News — @ Thursday, December 8, 2011

Cortus has recently participated in an Open Innovation project, initiated by the Nordic Council.

The project scope is to develop an open market place, where innovation, intellectual capital and property rights can be brokered, and to test the theories of Open Innovation.

Cortus submitted a challenge on char upgrading, which will further improve the efficiency of our WoodRoll® technology.

Cortus would like to thank the Nordic Council for the opportunity to participate in this project and also the Masters students from St. Petersburg University(SPU) in Russia that submitted creative and innovative solutions to our challenge.


2011 Sweden Report by SCMP Magazines

News — @ Wednesday, November 23, 2011

Learn more about Sweden and Swedish working culture in an interesting publication done by South China Morning Post (SCMP) entitled 2011 Sweden Report.

Among others, the 2011 Sweden Report by SCMP  features Cortus and also other interesting start-ups and companies from Sweden.


Cortus featured in South China Morning Post

News — @ Wednesday, November 9, 2011

Cortus was featured in South China Morning Post, an English-language Hong Kong newspaper. Below is the excerpt from the publication, featuring Cortus CEO Rolf Ljunggren.


Cortus in Hong Kong

News — @ Tuesday, November 8, 2011

Cortus was in Hong Kong for Stockholm Innovation Showcase, held in Hong Kong Science Park on 25th October 2011.

Cortus was one of the six exciting Swedish cleantech companies that participated in this seminar, attended by investors and industry players of Hong Kong.

The Stockholm Innovation Showcase, organized in collaboration with the City of Stockholm, the Swedish Chamber of Commerce in Hong Kong and Hong Kong Science and Technology Parks, has the goal of creating business opportunities that will benefit the participating companies in their continued international expansion.

Read more here on STING’s (Stockholm Innovation & Growth) website.


New Project Engineer Joins the Cortus Team

News — @ Monday, October 31, 2011

Ram Alzuheri has joined Cortus as a project engineer since 1st of August. Ram holds a Master’s in Chemical Engineering degree from KTH, Stockholm. He has been involved extensively with the 500kW prototype and the 5MW demonstration plant in Köping. Ram is a strong believer in the future of green energy as a substitute to fossil fuel and is extremely excited to be part of the Cortus team.


Cortus’ first batch of Syngas produced in 500kW prototype

News — @ Friday, September 9, 2011

Cortus’ 500kW prototype of the WoodRoll® gasifier has successfully produced the first batch of green Syngas in tests at Lidingö, Stockholm on August 31, 2011.

“These are extremely exciting times for us as we see a 500 kW system really delivering first class SynGas for the first time. This is really a significant step towards the full commercialization of our gasification technology”, commented Cortus CEO Rolf Ljunggren.

Results of the Syngas composition produced have verified earlier tests. Now Cortus’ target is set on optimizing these results further. The next step for Cortus will be to incorporate a pyrolysis reactor to the current prototype gasifier set-up.

Visitors from Sweden, Germany, China and the US, have expressed great excitement regarding the progress with Cortus’ WoodRoll® biomass gasification technology.


500kW Mock-up Plant Constructed; Tests to Begin in the Summer.

News — @ Friday, July 1, 2011

Cortus’ 500kW mock-up gasifier of the WoodRoll® technology has arrived on Monday, 27th of June 2011. The gasifier is located at our partner AGA’s industrial premise at Lidingö, Stockholm.

Over the summer, we will be working on our testing campaign to further validate the WoodRoll® gasification process on the 500kW scale. Thereafter, we will also integrate a pyrolysis reactor together with the gasification reactor.

The 500kW prototype gasification plant will be important before moving on to the ten times larger demonstration plant of 5MW in Köping, which is expected to begin end of the year.

We are excited and are looking forward to this campaign!


Cortus Moves to New Office Location

News — @ Monday, June 20, 2011

Beginning 1st of June 2011, Cortus have moved to its new office located on the 4th floor of Skalholtsgatan 2, Kista.

The new office is to house the growing number of personnel currently working in the Cortus team and also to provide sufficient space for future expected expansion.

The team has grown considerably much following the acquisition of GEP Group in April 2011.

The current location will be the place of operations for both Cortus AB as well as Cortus Engineering AB.


Cortus Goes to Cleantech Summit 2011, Geneva

News — @ Monday, June 13, 2011

Cortus has been selected as the one of the top 25 high-growth privately held cleantech companies in Europe for the Cleantech Summit, organized by the European Tech Tour Association in Geneva, Switzerland from 6 to 7 July 2011.

Cortus was selected from a pool of more than 200 interested companies. A group of highly regarded European professionals undertook the responsibility of screening and selecting the companies. It is composed of experienced and highly regarded senior professionals, from relevant backgrounds and industry expertise, such as venture capital, technology industry, investment banks, research and specialized press.

The event will see Cortus, represented by CEO Rolf Ljunggren, presenting to key European, US and Asian investors and professionals in the cleantech industry.

More information about the Summit could be found here.

Cortus is looking forward to this event!


Cortus acquires GEP Group

News — @ Friday, April 1, 2011

Cortus has acquired the business of consultancy company GEP Group on April 1, 2011 and therefore forms the subsidiary Cortus Engineering AB. The deal means that cooperation between Cortus and GEP on gasification technologies and projects has entered a new phase with this merger.

“Our customers will have a wider and more attractive offer on our innovative gasification technology WoodRoll® with GEP’s extensive knowledge and experience of process engineering, combustion and construction projects. The merger will give Cortus a solid implementation capacity of the challenges we face in Sweden, Spain and the United States,” says Rolf Ljunggren, CEO of Cortus AB.

GEP Group provides knowledge and networks necessary to develop gas processing systems and cost-effective projects. The company was founded in 2003, has six employees and an annual turn-over of 11 MSEK (2010). The company’s expertise includes engineering, methodology, procurement, commissioning, maintenance, safety and certification. GEP Group also offers access to equipments for gas applications and by working together with partners, the company is able to design and build complete biogas plants.

Primary customers of GEP Group today are gas suppliers, energy companies, metallurgical industries, food industries, pharmaceutical industries, petrochemical industries, municipalities and gas distributors. Previous customers of GEP Group include AGA, Nynas, Outokumpu Stainless, Stockholm Gas and Sandvik.

“GEP’s activities and broad experience in process and gas systems, matches Cortus’ gas production facilities perfectly, “says Pär Sjölin, president of Cortus Engineering AB, formerly CEO of GEP Group.

The projects that GEP has conducted within the gas processing field, both as project managers and as suppliers of complete plants, is in line with Cortus’ goals for the future. GEP’s consulting business will continue as before in Cortus Engineering, but will also be complemented with a focus on biogas systems, specifically on Cortus’ patented WoodRoll® process.


New Project Engineer for Cortus

News — @ Thursday, March 10, 2011

Marko Amovic will be joining Cortus as Project Engineer starting from 21st of March 2011. Marko has a Master of Science degree in Engineering and has previous working experiences as a CHP Project Engineer and also as a consultant in energy optimization. His passion and experience in this industry will be valuable to Cortus. He looks forward to the challenge of being in this exciting stage of Cortus’ growth.


Cortus builds biomass gasification plant

News — @ Friday, February 18, 2011

The Swedish Energy Agency (Energimyndigheten) has decided to financially support the building of a plant for the gasification of biomass to green energy gas. The purpose is to gasify biomass in full scale in a new way to replace fossil fuels. Behind the patented process is the Swedish innovation company Cortus.

The project is an up scaling of previous pilot projects to verify the production flow of the patented WoodRoll® process that Cortus has developed, before building a major demonstration plant in Köping, Sweden.

“For us it is a very important step that we have received the Swedish Energy Agency’s acceptance of our technology for the indirectly heated gasification WoodRoll process”, says Rolf Ljunggren, Cortus CEO.

Cortus builds the integrated production flow plant where the drying, pyrolysis and gasification of different biofuels can be run in the scale of 500 kW. The plant is expected to be in operation in spring 2011. The project also includes performing process samples prior to building the ten times larger demonstration plant in Köping.

The plant is built in cooperation with Torkapparater AB, Concordance AB, AGA Gas AB, ÅF and Sandvik Heating Technology, among others. Funding comes from the Swedish Energy Agency, Triple Steelix, Movexum and Cortus. This project is the first step in a planned collaboration on the production and supply of gasification plants, where the above parties see great potential.

“We expect that the experience gained on the production flow of the WoodRoll® process through this project will be important for our future demonstration plant in Köping and strengthen our offering of cost effective and innovative bio-energy solutions for power, transport and process industries. An important goal for us is of course to demonstrate a process that builds confidence and creates opportunities for new business for our Swedish and international stakeholders”, says Rolf Ljunggren.


Cortus selected as one of the stars in Nordic Cleantech Open

News — @ Thursday, February 3, 2011

Cortus is today announced as one of the finalists in the Nordic Cleantech Open competition of this years. The top 25 have a few traits in common:
- They are all targeting big international markets,
- They where founded relatively recently (a majority are less than two years old), and
- They have the potential to make a real positive change for the environment.

The top 25 were selected by a jury of 32 individuals, a lot of them very experienced investors and industrials and other people with insights in cleantech markets (see http://www.nordiccleantechopen.com/jury/ for full list) The Jury where instructed to evaluate the growth potential of the companies based on three things: the innovation, the market opportunity and the team of the companies.

The finalists represent a wide array of industries and technologies. Artificial Intelligence, Biogas, robotics, nano technology and a swap service for second hand goods is side by side with more well known cleantech sectors such as lighting, wind, wave and solar.

Jury member Michael Lauridsen comments:
“I have invested in this field over a number of years and I was surprised by the high quality of incoming applications. The potential of many of these start-ups is clearly very large. It was also encouraging to see promising ideas across such a broad range of cleantech segments.”

Michael Stuer Lauridsen is a partner of BankInvest New Energy Solutions. He has more than 25 years experience from Schneider Electric, Siemens and ABB.

The finalists will now be convened for a networking weekend at Trolleholm castle, outside Lund (Sweden), to meet and work on their business cases with selected investors and industrials.

After this, showcasing events in London and a final event in Copenhagen is lined up for the participants.

Cortus is proud to be one of the 25 best Nordic cleantech startups!


Order for engineering of a new gasifyer

News — @ Thursday, February 3, 2011

Cortus has received an order for engineering of a new gasification installation in Spain. The order is given by a European recycling company. The order value is 1,5 MSEK and the work finalized by August 2011.

Cortus is very delighted to have a new customer for our groundbreaking gasification technology and look forward to further proceedings in this new business.


Christmas Greetings From Cortus

News — @ Wednesday, December 22, 2010


Mats Thideman will join Cortus

News — @ Friday, October 29, 2010

Mats Thideman will start as CFO at Cortus from 1st of January 2011. Mats will strengthen the Team at Cortus with his long and vast experience in the financial field. Mats former experience is within small to medium size enterprises, in both listed and privetely owned company. Mats will be one of the cornerstones in our business growth.


Cortus in Destination Sweden

News — @ Monday, September 27, 2010

“Destination Sweden” pays tribute to the inspiring achievements of Swedish industry in all its diverse sectors, and to the policies and technological innovations that have shaped them.

Cortus is one of the companies that represents Swedish environmental technology and on page 78 you can read more about the benefits of the WoodRoll process.

Find your free copy of the book at nearest trade fair or conference related to Swedish commercial activities or view it online.


Meet us at Stockholm Cleantech Venture Day the 30th of September

News — @ Thursday, September 9, 2010

The Stockholm Cleantech Venture Day is a full day conference and meeting place for investors and innovators/entrepreneurs within the Cleantech sector. The event, held on the 30th of September,will gather 25 interesting, carefully selected Cleantech companies which will present their investment cases to leading international investors and decision-makers. Cortus is one of the selected companies. Come and listen to our pitch and afterwords meet us in our exhibition booth. For more information about the event, click here or on the picture above.


Cortus delivers new environmentally friendly gasification technology to Nordkalk

News — @ Monday, August 23, 2010

Cortus AB and Nordkalk AB has signed a twelve year contract for supply of biogas to the Nordkalk factory in Köping, Sweden. Cortus innovative gasification technology WoodRoll will reduce energy costs and lower greenhouse effect of the Nordkalk operations. The Biogas from Cortus reduces Nordkalk’s consumption of coal as an energy source for the benefit of renewable energy.

The deal initially involves the construction of a 5 MW demonstration plant, with delivery scheduled to start the second half of 2011. After two years the plan is to expand the facility to 25 MW and thus becomes the dominant energy source for the Köping factory. By extension, it means that Cortus will supply biogas to Nordkalk corresponding to a reduction in carbon emissions by 70 000 tons annually at full capacity. The transaction is subject to Cortus financing the construction of the plant in Köping.

“We have for years sought to future energy supplies for our lime kilns. Gasification of biomass has long been the focus but it is only when we have seen results from the gasification process WoodRoll by Cortus, that we have chosen the road of our future energy supply, “says Michael Wendel, Technical Director at Nordkalk in Sweden.

“Supply Agreement with Nordkalk means that we take the step into a commercial supply of biogas on a large scale and confirms the strength of our new patented gasification technology WoodRoll for process industries,” says Rolf Ljunggren CEO and founder of Cortus AB. Cortus AB was founded in 2006 and has received support in business development, finance and network of business incubator STING.

Cortus AB has also taken money from venture capital fund STING Capital, which invests in innovative growth companies in early stages.


New WWF Climate Solver Video

News — @ Thursday, July 15, 2010

WWF Climate Solver has made a new video about WoodRoll. Click here to check it out!


Check Out Globe Forum’s Crowdsourcing the Future

News — @ Monday, May 10, 2010

Our partner Globe Forum has set up an entirely exciting way of crowdsourcing for funds and support for innovation. Named “Crowdsourcing the Future” – they launched a new web platform where innovations can be showcased for interested parties to fund.

Check out Cortus’ personal page here.


Cortus in Metroteknik

News — @ Wednesday, April 7, 2010

Cortus was featured in one of Sweden’s most widely read tech magazines, Metroteknik. Read the article here.


Meet Cortus at Sveriges Energiting

News — @ Tuesday, March 16, 2010

Meet Cortus at Sveriges Energiting, Sweden’s foremost forum on Energy held at Stockholmsmässan. We will be at the Investor Forum (Session 11) on the 16th of March.


February Pilot Gasification Campaign

News — @ Tuesday, February 9, 2010

We have been busy the last two weeks with our latest gasification campaign. Several of our customers, investors and partners came down to see the demonstration – and left with smiles!


Christmas Greetings from Cortus

News — @ Monday, December 21, 2009


Spot Cortus at Arlanda Airport, Stockholm

News — @ Tuesday, November 3, 2009

You can find Cortus at Arlanda Airport! Spot these stands at the Departure Hall of Terminal 5.


Cortus in Sweden Today

News — @ Tuesday, October 27, 2009

In a piece titled “Green Power for Process Industries”, Cortus was featured in Sweden Today. Sweden Today is a quarterly magazine that reports on Swedish cutting edge technology and emerging buisness markets.

Cortus gasification technology will allow energy-intensive industries such as steel and pulp and paper to green their activities without sacrificing their productivity.

said the article.


Meet Cortus at Globe Forum Gdansk

News — @ Friday, October 9, 2009

We will be at Globe Forum Gdansk in October 2009 as part of the Innovators Competition. Read their blog post here.


Cortus AB announced in CleanTech Invest 2009

News — @ Wednesday, September 30, 2009

Europe Unlimited announced that Cortus AB has been selected to present by international investors at CleanTech Invest 2009 in Vienna on 8th October.

Rolf Ljunggren, CEO of Cortus AB said “We are delighted to be part of Cleantech Invest 2009. It is a reward for the excellent technologies and hard work from a skilled team that has brought us to this stage. We look forward to connecting with a Europe-wide investor community.”

Click here for the press release.


WoodRoll® recognized as a WWF Climate Solver

News — @ Tuesday, September 29, 2009

Cortus’ gasification technology, WoodRoll® was recognized by WWF as a Climate Solver at Stockholm Cleantech Venture Day:

The WoodRoll biomass gasification for process industries developed by Cortus AB is an inspiring example of a non-fossil, non nuclear climate innovation with the potential to substantially reduce greenhouse gas emissions.

Cortus aims to constantly innovate to create value for our customers as well as build a better future together.


Meet Cortus at Stockholm Cleantech Venture Day

News — @ Tuesday, September 15, 2009

Cortus was recently announced as one of the top 25 scandinavian cleantech startups. Come hear our pitch at SCVD on the 29th of September. Find details here. Press release by SCVD.


Environmental Permit Granted for Demonstration Plant

News — @ Tuesday, September 8, 2009

Our upcoming demonstration plant to be built in Köping with our partner Nordkalk has been granted the environmental permit by the city council. We were featured in the local paper, the bargslagsbladet [in Swedish].


Cortus on processnet.se

News — @ Friday, September 4, 2009

Processnet, a Swedish news journal on process industries, featured us on their pages – check it out here.


Cortus on Ambassador Wood’s One Big Thing List

News — @ Tuesday, June 30, 2009

Cortus was placed on US Ambassador to Sweden Michael Wood’s One Big Thing list. The goal of One Big Thing to gain “Collaboration with Sweden to Achieve a Breakthrough in Alternative Energy”. You can view the entire list here.


Successful Run of Second Pilot Gasification Campaign

News — @ Tuesday, May 12, 2009

Tests of gasification of charcoal powder was carried out as part of the verification of Wood Roll. The technique has worked well, and effects up to 150 kW Energy gas has been produced in an indirect heated reactor. Click here to view the press release.


Meet Cortus at Globe Forum 2009

News — @ Saturday, May 9, 2009

The Globe Award jury has nominated Cortus AB to be a finalist at the Globe Awards in the Sustainability Innovation category. Check out their news page here. We hope to meet you at Globe Forum 2009!


Cortus Featured on NyTeknik

News — @ Friday, February 20, 2009

NyTeknik has for over 40 years reported on technological developments and trends in Sweden. Cortus was featured in it today, and you can read the electronic version here!


Cortus on Realtid

News — @ Friday, February 20, 2009

You can find Cortus featured on Realtid.se here.


E24 Entreprenor Features Cortus

News — @ Friday, February 6, 2009

Read E24′s feature here.