- Press Releases
January 11 (Renewables Now) - Power-to-liquid solutions provider P2X Europe has agreed to buy synthesis-based e-fuels and waxes from renewable raw materials from Norway-based Nordic Electrofuel AS and market them for use in jet fuel.
P2X Europe, a joint venture between German energy group Mabanaft GmbH & Co KG and chemicals company H&R Group, said on Monday it will purchase commercial quantities of fuel and waxes from 2024. In addition to the air transport segment, the products will be marketed in the basic chemical industry, as well.
The contracted volume will be sourced from several modern e-fuel production facilities that Nordic Electrofuel plans to build near Oslo and at other locations across Norway. One of the company’s projects involves building a plant in Porsgrunn, in the southeastern county of Vestfold og Telemark, to make synthesis-based fuels and raw materials with green hydrogen produced with electricity from local wind and hydropower stations. With an initial capacity of 8,000 tonnes per year, the facility will be able to produce more than 800,000 tonnes of renewable synthetic fuels and waxes annually by 2032.
The agreement is seen to strengthen P2X Europe’s supply base and give it larger penetration on the market of CO2-reduced power-to-liquids products, the company noted.