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The Patented Plagazi Process Adopted by Gotlandsbolaget in Sweden Boosts Expansion with €4.7M Raise

Implementation Date

October 7, 2022

By

Gotlandsbolaget

City

Båstad

story image

Description

Gotlandsbolaget’s next-generation hydrogen-powered maritime transport vessels are set to use Plagazi’s hydrogen as fuel, supporting Gotlandsbolaget’s ‘Destination Zero’ initiative, which aims for climate neutrality by 2045. The first phase of the project involves a Basic Engineering Study that will produce a detailed report on the feasibility of implementing Plagazi’s hydrogen production plants to provide localized and cost-effective hydrogen supply.
The two companies will explore the possibility of supplying sustainable and circular hydrogen from Plagazi’s waste-to-hydrogen production plants to key sites supporting Gotlandsbolaget’s operations. This collaboration builds on Gotlandsbolaget’s investment in Plagazi in 2022, where they acquired a 10% stake in the company.

Impact & Result

The capital raise (€4,7M), which has been led by Vator Securities, will have a significant role in Plagazi's future expansion and demonstrates the confidence in Plagazi from major industrial anchor investors such as Gotlandsbolaget.

Solution Spotlight

The Solution aims at revolutionizing the production of green hydrogen and significantly reducing greenhouse gas emissions worldwide while contributing to resolving the significant global issue of non-recyclable waste. The patented process, which converts all types of waste into green hydrogen through plasma gasification, is energy self-sufficient, fully enclosed, and environmentally friendly by not producing any dangerous by-products. The Solution wants to set new standards to improve the quality of life and sustainability of communities by increasing access to affordable clean energy, eliminating the release of chemicals into the air, water and soil with its process which is currently re-defining waste recycling.

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