Cortus
Develops a process, WoodRoll, to produce gas with a high heat value (pure synthetic gas) from bio fuels.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 2467 % | (100 %) | 244 % | (95 %) | 11547 % | (19 %) | (41 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (10 %) | (8663 %) | (4136 %) | (89194 %) | (664 %) | (1043 %) | (980 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (97 %) | (17576 %) | (5402 %) | (109207 %) | (758 %) | (1229 %) | (1344 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Cortus AB, a Swedish public limited company, operates within the renewable energy sector, focusing on the replacement of fossil fuels. The company was established in 2006 by Rolf Ljunggren, who holds a master's degree in engineering from the Royal Institute of Technology and possesses extensive experience from senior roles at AGA and Uddeholm. This background in industrial processes is foundational to Cortus's strategic direction. A significant milestone was achieved in 2013 when the company was listed on the Nasdaq First North Growth Market in Stockholm.
The core of Cortus's business is its patented WoodRoll® technology, a multi-stage gasification process that converts biomass into renewable energy gas, known as syngas. This process involves separate stages for drying, pyrolysis, and gasification, allowing for high efficiency and fuel flexibility. The technology can process low-grade biomass, such as wood chips, industrial waste, and agricultural residues, transforming them into a clean energy gas. This syngas can then be used to produce green hydrogen, process heat for industries, or biomethane for transport applications. One of the key applications is supplying syngas to the steel industry to reduce carbon dioxide emissions.
Cortus targets industrial clients, particularly in the steel, power, and chemical sectors, that are seeking to transition from fossil-based production to renewable alternatives. The company's business model revolves around the sale and delivery of WoodRoll® plants. For instance, Cortus entered a preliminary agreement with NORDBEX for the delivery of a 60 MW WoodRoll® facility, with an intention for four additional plants over ten years, valuing the total scope at approximately two billion SEK. Revenue is generated from these large-scale projects, as well as from smaller orders for fuel tests. The firm operates on a global scale, aiming to provide cost-effective renewable energy solutions. As a publicly traded company, its governance is managed through an annual general meeting, a board of directors, and a CEO, in accordance with Swedish law.
Keywords: renewable energy, biomass gasification, WoodRoll technology, syngas production, green hydrogen, fossil fuel replacement, cleantech, industrial decarbonization, waste-to-energy, sustainable technology, pyrolysis, energy gas, steel industry greening, process heat, biomethane, circular economy, carbon footprint reduction, Swedish greentech, Nasdaq First North, Rolf Ljunggren