Green hydrogen company Everfuel A/S on Tuesday announced plans for a 300-MW electrolyser and Power-to-X (PtX) facility adjacent to the Fredericia refinery in Denmark.
The project, known as HySynergy Phase II, will require a total investment of up to DKK 1.9 billion (USD 311m/EUR 255.5m) and is expected to reach a final investment decision (FID) by late 2022, with commissioning scheduled for late 2024. It is a continuation of the HySynergy Phase I scheme that includes the installation of a 20-MW electrolyser next to the same refinery. Phase I is awaiting final regulatory clearance shortly and is seen to enter construction in the third quarter of the year.
Everfuel said it has initiated further dialogue with public and private stakeholders and has applied for project funding under the Important Projects of Common European Interest (IPCEI) scheme. Both HySynergy Phase I and Phase II are part of the company’s plan to invest EUR 1.5 billion (USD 1.82bn) in the development of a green hydrogen value chain in Europe.
According to the developer, about 80% of the hydrogen produced at the facility will be used as green feedstock to fuel refining processes and the rest will be dedicated to direct usage as pure hydrogen for zero-emission mobility. The plant will also be able to provide oxygen for on-site carbon capture. The firm will source wind and solar power for the electrolysis process.
(DKK 1.0 = USD 0.164/EUR 0.134)
(EUR 1.0 = USD 1.217)
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