Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTJanuary 12 (Renewables Now) - Danish renewables developer European Energy A/S and US biofuel technologies developer Vertimass LLC have signed a letter of intent to cooperate on green fuels and chemicals, including aviation fuel.
The companies plan to combine technologies for capturing carbon dioxide and turning it into hydrocarbon products.
“Vertimass looks forward to feeding methanol made from carbon dioxide using renewable electricity by European Energy technology to our unique single-stage reactor to make hydrocarbons,” said Vertimass chief executive Charles Wyman. Pairing the technologies could produce sustainable aviation fuels (SAFs) and other net-zero hydrocarbon fuels, as well convert carbon dioxide into renewable plastics, added Wyman.
European Energy has built a pilot e-methanol plant in Aalborg together with Aalborg University and is developing several large-scale PtX-facilities in Denmark that will use solar and wind power to produce e-methanol. The first of these is expected to supply e-methanol to AP Moller-Maersk A/S (CPH:MAERSK) from the end of 2023.
The company sees great potential in combining its e-methanol knowledge with Vertimass' technology to deliver decarbonisation fuel for the aviation industry.
Last week, Vertimass and UGI Corp (NYSE:UGI) signed an agreement for the development of facilities based on Vertimass’ technology to convert renewable ethanol into renewable-propane and SAF.
Weekly renewables M&A round-up (Aug 8-12)
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