Fresh investment to help establish Danish e-methanol facility

• The project will certainly use clean energy from the nearby Kasso Solar Park

A EUR53m investment from the Danish Green Investment Fund will assist move European Energy's Danish e-methanol facility an action better.

The company's upcoming Power-to-X-facility (PtX-facility) in Kasso will certainly be the largest e-methanol facility in the world to date.

The future PtX facility is supplied with renewable resource from the nearby Kasso Solar Park, which European Energy has created and developed.

The solar park is to date the largest solar park in Northern Europe with a capability of 300MW. This corresponds to the solar park having the ability to provide 75,000 Danish houses with green electrical power.

The financing from the Danish Green Investment Fund's funding is part of the complete financial investment in the facility, which the Danish bank Jyske Bank is additionally co-financing.

"We see terrific prospective in the facility, which is a step towards scaling PtX modern technologies. The entire value chain is developed by, among other things, making use of CO2 when the e-methanol is to be refined-- and this can assist to satisfy the huge demand for electrofuels," said Michael Zollner, Managing Partner at Denmark's Green Investment Fund.

"We are extremely satisfied that DGIF sees the exact same capacity in green fuels, consisting of e-methanol, as we do," stated CEO of European Energy Knud Erik Andersen.