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Statkraft has agreed to transfer its biofuel demonstration facility and expertise at Tofte to Silva Biofuel AS, a new company formed by former employees of Silva Green Fuel. This move aligns with Statkraft's strategy to focus on established renewable technologies while allowing further development of advanced biofuels, supported by prior funding from Enova. Joakim Sværen will lead Silva Biofuel AS as CEO, aiming to mature hydrothermal liquefaction technology and attract investors for future commercial plants.