Arcadia Efuels Vordingborg Aps

Ledelsesberetning

The Company's principal activities
The Company's principal activities consist in production of eFuels from substainable electricity in order to thereby create a negative CO2 emission product.
Development in activities and financial matters
The Company's Income Statement of the financial year 24 August 2022 - 31 December 2023 shows a loss of EUR 852.145 and the Balance Sheet at 31 December 2023 a balance sheet total of EUR 21.854.030 and an equity of EUR 19.243.618.
The loss reported in the Income Statement for the financial year can be attributed to various factors, including initial investments in engineering, permitting, and financing costs as well as operational expenses associated with project development.
Arcadia has observed a significant increase in expenditures related to project development and operational activities. At present, Arcadia is actively engaged in raising funds for the Engineering, Procurement, and Construction (EPC) stage of the project. We are in ongoing discussions with investors and banks to secure the necessary equity and debt funding required to build the facility, with a target date for Final Investment Decision (FID) set for December 2024. We have been actively collaborating with BNPP as our financial advisor to facilitate fundraising efforts.
It's worth noting that Arcadia successfully secured 20.1 million euros from the ESPF6 fund, an early investor, to cover expenses incurred during the Front-End Engineering Design (FEED) stage. These funds were utilized for various purposes, including payroll, project development fees, and engagement with subcontractors for permitting, engineering, and equipment development.
Post financial year events
After the end of the financial year, no events have occurred which may change the financial position of the entity substantially.
Principal Activities
Arcadia eFuels Vordingborg ApS (Arcadia) will utilize innovative technologies to produce eFuels, namely eSAF, from green hydrogen and captured CO2. This process involves the integration of gas-to-liquid (GtL) technologies with renewable electricity, biogenic carbon dioxide, and hydrogen electrolyzers.
The production of eFuels by Arcadia contributes to creating a negative CO2 emission fuel for aviation. The process results in a net reduction in CO2 emissions compared to conventional fossil fuel alternatives.
During the reporting period, Arcadia has focused on the preFEED and FEED for the development of its state-of-the-art facility in Vordingborg, Denmark.
Strategic Decisions or Investments:
Strategic decisions and investments made during the reporting period have primarily focused on advancing project development and establishing key partnerships with industry-leading stakeholders. These initiatives are aimed at positioning Arcadia as a leader in net zero carbon sustainable aviation fuel production.

Beskrivelse af virksomhedens væsentligste aktiviteter

Principal Activities
Arcadia eFuels Vordingborg ApS (Arcadia) will utilize innovative technologies to produce eFuels, namely eSAF, from green hydrogen and captured CO2. This process involves the integration of gas-to-liquid (GtL) technologies with renewable electricity, biogenic carbon dioxide, and hydrogen electrolyzers.
The production of eFuels by Arcadia contributes to creating a negative CO2 emission fuel for aviation. The process results in a net reduction in CO2 emissions compared to conventional fossil fuel alternatives.
During the reporting period, Arcadia has focused on the preFEED and FEED for the development of its state-of-the-art facility in Vordingborg, Denmark.
Strategic Decisions or Investments:
Strategic decisions and investments made during the reporting period have primarily focused on advancing project development and establishing key partnerships with industry-leading stakeholders. These initiatives are aimed at positioning Arcadia as a leader in net zero carbon sustainable aviation fuel production.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

The Company's principal activities
The Company's principal activities consist in production of eFuels from substainable electricity in order to thereby create a negative CO2 emission product.
Development in activities and financial matters
The Company's Income Statement of the financial year 24 August 2022 - 31 December 2023 shows a loss of EUR 852.145 and the Balance Sheet at 31 December 2023 a balance sheet total of EUR 21.854.030 and an equity of EUR 19.243.618.
The loss reported in the Income Statement for the financial year can be attributed to various factors, including initial investments in engineering, permitting, and financing costs as well as operational expenses associated with project development.
Arcadia has observed a significant increase in expenditures related to project development and operational activities. At present, Arcadia is actively engaged in raising funds for the Engineering, Procurement, and Construction (EPC) stage of the project. We are in ongoing discussions with investors and banks to secure the necessary equity and debt funding required to build the facility, with a target date for Final Investment Decision (FID) set for December 2024. We have been actively collaborating with BNPP as our financial advisor to facilitate fundraising efforts.
It's worth noting that Arcadia successfully secured 20.1 million euros from the ESPF6 fund, an early investor, to cover expenses incurred during the Front-End Engineering Design (FEED) stage. These funds were utilized for various purposes, including payroll, project development fees, and engagement with subcontractors for permitting, engineering, and equipment development.