Nordbex appoints Swedbank as strategic financial advisor to decarbonise the Nordic CHP market

Swedbank to advise and bookrun capital raise for Nordbex 1 – Nybro

As a first step, the parties will collaborate on a capital raise to fund Nordbex’s flagship facility, Nordbex 1 – Nybro, where Swedbank will act as sole financial advisor and bookrunner across the debt and equity raise. The agreement also establishes the basis for continued partnership on financing additional Nordbex plants in the future.

Funding Nordbex 1 and scaling the platform

“The Nordbex 1 – Nybro Bio-CCUS facility marks a pivotal step in our effort to offer a scalable, carbon negative Bio-CCUS platform to the Nordic CHP sector,” said Thomas Öström, CEO of Nordbex AB. “We are excited to work with Swedbank not only on this project, but on a long-term journey to deliver multiple plants and systemic impact.”

Swedbank will provide full advisory services, including investor engagement, transaction structuring, and strategic documentation support, with a shared long-term commitment to the Nordbex platform.

About Swedbank

Swedbank empowers the many people and businesses to create a better future. Our vision is a financially sound and sustainable society. Swedbank Group is the leading bank with over 7 million retail customers and 550 000 corporate customers in our four home markets Sweden, Estonia, Latvia and Lithuania. Swedbank Group is also present in other Nordic countries, the U.S. and China. Together we make your financial life easier.

New partnership with SpareBank 1 and SB1 Markets

In addition, Swedbank are entering a new partnership with SpareBank 1 to create a leading Nordic investment bank. The new investment bank, SB1 Markets, will broaden Swedbank’s equity research and sales, increase sector competence, and strengthen the ability to serve the clients in the Nordic region.

Together with SB1 Markets, Swedbank brings a powerful combination of local knowledge, sector insight, and financial structuring expertise to support Nordbex’s multi-plant platform rollout.

About Nordbex

Nordbex AB is a Swedish climate-tech company with deep roots in carbon capture and sustainable energy. Building on long-term experience from its founders’ involvement in Landmark Power Holdings, Nordbex leverages proven expertise to deliver scalable, industrial-grade decarbonisation solutions.

What Nordbex builds

The company develops and operates carbon-negative, greenfield Combined Heat and Power (CHP) plants, designed to generate up to 200,000 tonnes of biogenic CO₂ per year per site ready for permanent carbon capture and storage or utilization. These next-generation facilities combine high energy efficiency with robust carbon performance, offering a turnkey path to decarbonisation for energy systems across the Nordics.

Who the plants are for

Nordbex plants are specifically engineered to replace aging municipal and regional CHP infrastructure, providing municipalities with a low-risk, future-proof alternative that aligns with Sweden’s and the EU’s net-zero targets.

Long-term vision

With a long-term platform vision, Nordbex aims to establish a network of strategically located plants positioning itself as a leading producer of biogenic CO2 for eFuel production and the emerging biogenic carbon credit market.

Media Contacts:

Nordbex AB
Thomas Öström
CEO, Nordbex
+46708949605
📧 thomas.ostrom@nordbex.com

Swedbank
Charlotte Nilsson
Media Relations Manager, Swedbank
📧 press@swedbank.se