P2X Europe, Nordic Electrofuel to cooperate on power-to-liquid
The cooperation will support the CO2-reduced power-to-liquids products.
P2X Europe (the joint venture between Mabanaft and the H&R Group) plans to purchase synthesis-based e-fuels and waxes from renewable raw materials from Nordic Electrofuel.
From 2024, P2X Europe will purchase commercial quantities of fuel and waxes and market them mainly in the jet fuel sector and the basic chemical industry.
Nordic Electrofuel plans to build a power-to-liquid production plant in Porsgrunn, Norway, by 2024, using green hydrogen, producing synthesis-based fuels and raw materials for the chemical industry on a large scale. The plant capacity will be expanded from an initial 8k tonnes to over 800k tonnes annually of renewable synthetic fuels and waxes by 2032.
Green hydrogen will be used to produce the fuel where the electricity will come from domestic wind and hydropower. In the first phase, a demonstration plant will supply 8k tonnes/year of fuels and waxes which would be gradually increased to over 800k tonnes/year. The cooperation between Nordic Electrofuel and P2X-Europe strengthens the joint venture’s supply base supporting its CO2-reduced power-to-liquids products business.
Volker Ebeling, SVP New Energy, Chemicals and Gas at Mabanaft, said, “Low-emission jet fuels show that flying and climate protection are not mutually exclusive.”
Detlev Wösten, Chief Sustainability Officer of the H&R Group and co-CEO of P2X Europe, added, “Together with the capacities from our own plant, we provide a wide range of CO2-reduced fuels and chemical products.”