European Energy, a Danish developer of renewable energy, and the Port of Aalborg have signed a letter of intent that will make a start for e-methanol production.
This Letter of intent secures European Energy an option for a 25-hectare area at the Eastern Port in Aalborg, which is planned to be the location for a new electrolysis plant with a capacity of 120 MW and an associated e-methanol plant.
The so-called e-fuels such as e-methanol will play a crucial role in the green transition with major players such as Maersk and Circle K already in the process of building a solid demand in the market
…said Emil Vikjær-Andresen, Head of Power-to-X at European Energy, adding also that “Therefore, it is crucial that we build up a large production capacity, which is why we have worked for a period of time with various projects to be able to establish a plant in Aalborg, which has a unique value chain within Power-to-X. We greatly appreciate a very constructive dialogue with Port of Aalborg, which has been decisive for us now being ready to enter the next phase.”
The plant will produce around 75,000 metric tonnes of e-methanol per year and will be approximately twice the size of the plant European Energy is currently in the process of establishing in Aabenraa in Southern Denmark.
In recent years, we are investing heavily in creating an optimal framework for innovative environments and clusters that bring Aalborg into the world elite within the technologies of the future
…said Lasse Frimand Jensen, Chairman of the Board, Port of Aalborg.
With a new, large Power-to-X facility, Aalborg will truly consolidate itself as a world-leading hub for modern and green energy technology, which will strengthen our ability to attract even more investments and players from both home and abroad.
…Lasse Frimand Jensen, concluded.
As it was informed, the partners are aiming to begin production of e-methanol in 2025. Next step will be the further technical planning of the project, which will form the basis for a regulatory handling.