News
Organofuel Sweden AB to visit Green Technologies Fair
We are pleased to announce that Organofuel Sweden AB will be visiting the Green Technologies Fair on October 9th and 10th. This event highlights innovative solutions for sustainable development and aligns with our commitment to promoting green technologies in the fuel industry.
We look forward to exploring new ideas and networking with industry leaders dedicated to sustainability. For more information about the event, please visit Sweden Sustain Tech.
2024.09
Carl Berggren,
Business Development Manager and Vice CEO
Organofuel Sweden (OFS) has recruited Carl Berggren as Business Development Manager and Vice President at the end of the third quarter. Carl holds a Master's degree in Management and a Bachelor's degree in Business Administration from the School of Economics at the University of Gothenburg.
He has previous experience working in small research companies and running a family business.
During his studies, Carl also went on two exchange programmes, in France and Austria, where he mainly studied international business. As a Business Developer Manager, Carl is now conducting, for example, a deeper market analysis to ensure which ways forward there are and has, together with Erik Nelsson, successively evaluated these.
Carl has also been to Svebio's Biofuel Conference in Stockholm to make contacts and to get a clear picture of what is happening both nationally and internationally in the biofuel industry. Going forward, Carl will also do an updated techno-economic analysis to have strong and clear evidence for meetings with our future partners. These meetings are expected to start at the end of quarter 4 and are aimed at achieving commercialization of the technology.
2022.08
Swedish Energy Agency supports OFS with 1 million Swedish Crowns
The Swedish Energy Agency has approved Organofuel Sweden's (hereinafter OFS) application for the "Bioplus 2022 Business Idea"
This means that OFS will receive a financial support of one million SEK for its biofuel project.
The technology will be used to develop new bio-based fuels to replace fossil fuels. The project includes e.g. further development of OFS business model for the construction of a commercial plant.
2022.06
OFS spin-off company XP Chemistries is listed on First North Nasdaq
XP Chemistries was spun off from Organofuel Sweden AB in May 2021 in order to focus on capsaicin and related business activities The company uses a unique and patented process to produce capsaicin from forest raw materials, which has traditionally been extracted from chili fruits.
This process has a number of advantages, e.g. the process is sustainable, the capsaicin has a significant higher purity, the process is cost effective and easy to scale up.
XP Chemistries headquarter is located in Sundsvall, Sweden.
2021.10
XP Chemistries AB announces intention to list on Nasdaq First North Growth Market
Organofuel Sweden's subsidiary XP Chemistries (hereinafter XPC) intends to list on First North to finance a major expansion.
With its proprietary process, XPC can produce capsaicin at lower cost than its competitors.
"We are pleased to confirm the final step of XP Chemistries' journey towards a stock exchange listing. The company's focus on sustainably produced capsaicin (the hot molecule in chili) is timely. We saw this not least on Monday with the announcement of this year's Nobel Prize in Medicine, which went to research with strong links to the company's business. There is great potential for the Company's products and we stand ready to continue working towards our vision," said Erik Nelson, CEO of XP Chemistries, in a statement.
2021.10
Organofuel Sweden AB has accomplished its spin-off XP Chemistries AB
Due to the good growth of Organofuel Sweden's (hereinafter OFS) Fine Chemicals business, it was decided by the OFS Board in September that the business will operate as a separate company.
This is on the grounds that Fine Chemicals has expanded at an unexpectedly rapid rate and thus requires dedicated management and staff to meet market demands for the company's products.
On the seventh of May 2021, the decision was turned into reality and the Fine Chemicals business area was successfully transitioned to the subsidiary XP Chemistries AB (hereinafter XPC). Under the leadership of CEO Erik Nelsson, XPC is committed to the continued development and production of the company's patented capsaicin products.
OFS continues unabated in its research and development of bio-based fuels and materials to meet the present and future needs for environmentally friendly replacements for today's fossil-based products that have a negative carbon footprint.
2021.05
NEW AGREEMENT REGARDING DISTRIBUTION
OFS has entered an agreement regarding marketing, distribution and sales with the Swiss company CM Fine Chemicals. The agreement gives CM Fine Chemicals the exclusive right to distribute and sell OFS fine chemicals on the Swiss market.
2021.01
NEW PRODUCTION FACILITY
Organofuel Sweden signs production facility agreement to produce capsaicin for high-quality products.
2020.12
STUDY ON THE SAFETY OF USE OF CAPSAICIN IN ANIMAL FEED SHOWS PROMISING RESULTS
The first stage of the major study needed to show the safety of our product is very close to the end and results so far looks very promising.
2020.11
PLEGIUM SELF-DEFENSE
Plegium is Organofuelsn first self-defence customer. Plegium is a Swedish producer of high-tech connected self-defense sprays that are sold in 20 countries all over the world. Plegium will now use our newly developed product, “OFS Precise HEAT”, in markets where legislation allows the use of pepper sprays. OFS Precise HEAT is based on our unique technology for production of Major Capsaicinoids, that gives the product a very precise content of active ingredients.
2020.10
JULA BECOMES AN IMPORTANT PART-OWNER OF ORGANOFUEL SWEDEN
Jula becomes an important part-owner and anchor investor of Organofuel Sweden.
2020.01
THE SWEDISH ENERGY AGENCY - CLEANTECH HUB NYC
Organofuel is adopted as participants in the Cleantech Hub program in NYC. This program will provide Swedish companies and their energy innovations to establish themselves on international markets.
2020.01
ERIK NELSSON NEW CEO OF ORGANOFUEL SWEDEN
Erik Nelsson new Chief Executive (CEO) of Organofuel Sweden. The Board of Organofuel Sweden appointed Dr. Erik Nelsson CEO effective from November 1, 2019.
2019.11
INTERVIEW DAGENS INDUSTRI
Interview with Organofuel Sweden in Dagens Industri and tillväxtsverige.se. Talking about Organofuels new technology and renewable products.
2019.06
VINNOVA INNOVATIONS STARTUP
Organofuel Sweden received the Innovation Startup grant (step 1)
2020.04
ALMI PITCH
Organofuel Sweden won Almi Pitch in Åre Business Forum.
2020.03
PRESS REALESE
Colabitoil signs an agreement for the production of renewable aviation fuel and petrol.
2018.10
SUNDSVALL BUSINESS AWARDS
Organofuel Sweden nominated for "The Most Innovative Company" by Almi Företagspartner.
2018.09
VENTURE CUP
Organofuel Sweden gets the prize "Impact Maker" in the National Venture Cup competitions.
2017.10
SUNDSVALL BUSINESS AWARDS
Organofuel Sweden wins "Start up by the Year" in Sundsvall region.
2017.10
CLIMATE LAUNCH PAD
Organofuel Sweden finishes in 2nd place in Climate Launchpad (Swedish finals).
2017.10
VENTURE CUP
Organofuel Sweden wins Venture Cup (Northern Region) for best technology. The company will be competing in the national final during fall 2017.
2017.09
SKAPA AWARD
Prof. Armando Cordova and Dr. Samson Afewerki (founders of Organofuel Sweden) win the prestigious 2016-regional SKAPA Award.
2016.09
VINNOVA
Prof. Armando Cordova and Dr. Samson Afewerki at Mid Sweden University obtain funding from Vinnova to further verify the commercialization ability of their innovations.
2016