Former Shell refinery to adopt biofuel, green hydrogen production

Crossbridge Energy Partners, an affiliate of Postlane Capital Partners, has acquired the former Shell refinery in Fredericia, Denmark, with plans to transform it into a carbon-neutral facility that produces biofuels and green hydrogen.

The transaction involved the purchase of A/S Dansk Shell, including the plant and the associated trading and supply activities. It is effective as of July 1, 2021.

Crossbridge says it wants to buy, manage and transform traditional energy assets in the downstream refining sector into net-zero energy assets that produce renewable fuels and recycle waste into energy. At the newly acquired site, it plans to advance the processing of multiple types of biofuels, co-processing of waste products and the establishment of 300 MW of electrolysers in partnership with local green hydrogen company Everfuel A/S (FRA:0HR), according to the newly appointed GM of the refinery, Finn Schousboe.

The company said that the refinery will continue to produce traditional hydrocarbon fuels while reinvesting and further developing sustainable fuels and co-processing projects.

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