Everfuel A/S today (11 May) has announced the HySynergy Phase II development plan, which would see a 300 MW electrolyser and Power-to-X (PtX) facility in proximity to the Fredericia refinery.
The 2nd phase involves a large scale green hydrogen production which would supply hydrogen to mobility and refining processes. The new facility may also produce methanol.
The company plans to reach the final investment decision (FID), subject to regulatory approvals and funding, by late 2022, with commissioning in late 2024. The expected project budget is up to DKK 1.9 billion (US$ 0.31 billion).
Everfuel plans to use around 80% of the facility green hydrogen as a feedstock for the fuel refining processes, while about 20% will be supplied to the mobility sector.
The facility will result in a 214k tonnes/year reduction of CO2 emissions from the industry and mobility sectors, equal to about 4.7% of the total CO2 emissions from the Danish land-based transport sector by 2025.
The facility will also be able to supply oxygen for on-site carbon capture by an oxyfuel process and a 25% reduction of the Fredericia refinery emissions by using the green hydrogen to produce low carbon gasoline, diesel, DME and M85.
Everfuel has been in discussions with several stakeholders and applied for project funding under the Important Projects of Common European Interest (IPCEI) scheme to develop large-scale hydrogen projects.
Everfuel is currently working on the HySynergy Phase I, a 20 MW electrolyser plant project near the Fredericia refinery. The final regulatory approval is yet to be completed this summer, followed by construction work in the Q3 this year.
Both phase 1&2 are part of Everfuel’s announced plan to invest € 1.5 billion in developing the green hydrogen value chain in Europe with a target of achieving € 1 billion of annual revenue from the sale of hydrogen before 2030.
Jacob Krogsgaard, founder and CEO of Everfuel, said, “We are eager to proceed with the HySynergy Phase II project and continue bringing Fredericia and the Danish Triangle Region forward as a European hub for PtX and green fuels.”