EnergyWatch

European Energy prepares ground for green plastic production

European Energy has bought a huge lot on one of the southern islands of Denmark with planned investments upwards of EUR 100m in a Power-to-X facility to be completed by 2025.

Knud Erik Andersen, CEO and co-founder of European Energy. | Photo: Gregers Tycho/ERH

Two southern Danish islands of known as Lolland-Falster have long been targeted by project developers. The combination of favorable conditions for wind and not least solar energy, affordable land, and local support have historically been conducive to expansion plans with a strong intention of building more – as in much more. However, the challenge is that the electric grid is maxed out, and energy production exceeds local consumption tenfold.

This aspect is something that European Energy intends to act on. The project developer has bought a 136,000 m2 lot near the Port of Nakskov with the aim of building a PtX facility suited for greater offtake of Lolland-Falster’s green power. Add to this that production would be newly established, given that it wouldn’t otherwise meet the expected requirement for calling its hydrogen production green.

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