Denmark-headed renewable energy and Power-to-X (PtX) developer, European Energy A/S has announced that it has agreed to acquire 100 percent of compatriot PtX company REintegrate ApS in which the company already has a stake. European Energy is now integrating REIntegrate into its organization where the employees will join the newly established PtX-department headed by Emil Vikjær-Andresen who has worked with renewable energy since 2013, including five years with European Energy.
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According to the company, interest in PtX-solutions and electro-fuels (eFuels) has grown stronger from all across society. European Energy is currently developing several PtX-projects in Denmark and will use its position as a front-runner to apply these technologies in de-carbonizing hard to abate-sectors such as maritime transportation and the plastics industry.
We have a firm belief in the ability of PtX to de-carbonize sectors which cannot be electrified directly, and European Energy is dedicated to being a front runner in this endeavor. We are set on expanding our PtX-activities as we want to provide solutions for our customers within the whole value chain of green energy – from the production of renewable electricity to higher-value products such as green hydrogen and e-methanol, said Emil Vikjær-Andresen.
With the acquisition of REintegrate, European Energy has established a new office in Støvring, where the current REintegrate offices are located.
Earlier this year REintegrate, European Energy, and Maersk signed an agreement to supply e-methanol to Maersk’s first container ship using e-methanol. The e-methanol will be delivered in 2023 with a volume of at least 10 000 tonnes annually.
In November 2020, REintegrate signed a contract with the fuel distributor Circle K providing 50 million liters of e-methanol to Circle K from 2023.
As we have seen in the past year, the demand for PtX-solutions is already there. This is an untapped market, where we have a unique opportunity to gain experience and know-how on the fuel solutions of the future. We have now established a competent and experienced team and we’re very happy to be able to drive forward this innovation in Denmark, said Emil Vikjær-Andresen.