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Phoenix BioPower

Biomass-to-energy technology developer in bankruptcy

phoenixbiopower.com
Headquarters
Norra Djurgården, Sweden
Founded year
2016
Company type
Public company
Number of employees
10–50

Last updated

Latest news about Phoenix BioPower

In short: Phoenix BioPower filed for bankruptcy and put its biomass gasification assets up for sale after failing to meet funding targets.

Company announcements

Phoenix BioPower

Phoenix BioPower assets for sale

Post-bankruptcy, the company sells its biomass gasification and combustion IP. Interested parties may contact trustee Erik Osvald for bidding details.

Phoenix BioPower

Phoenix Biopower applies for bankruptcy

The board made the decision at today's meeting due to the interrupted emission. The company cannot pay its debts. The application was submitted to the district court.

Phoenix BioPower

Phoenix Biopower cancels the rights issue with Pepins

The issue did not reach the minimum target of 3.5 MSEK but stopped at under 2.4 MSEK. Deposited funds will be refunded. The company's survival is threatened; the board is investigating alternatives.

Phoenix BioPower

Phoenix advances to round two for new CETP project

The Bio-HydroFuel project is led by KTH with Phoenix and partners. It develops process for aviation fuel from sediment and remediates environments. Phoenix validates gasification technology. Budget 3.7 M€, start September 2025.

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