logo
#

Latest news with #KnudErikAndersen

World's first commercial-scale e-methanol plant opens in Denmark
World's first commercial-scale e-methanol plant opens in Denmark

TimesLIVE

time16-05-2025

  • Business
  • TimesLIVE

World's first commercial-scale e-methanol plant opens in Denmark

The world's first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships. The shipping sector is under pressure to find new sources of fuel after most countries gave their backing to measures to help meet the International Maritime Organisation's targets towards eliminating carbon emissions by 2050. Zero-emission shipping fuels, such as green ammonia and e-methanol, which are produced using renewable energy, have tended to be more expensive than conventional fuel largely because they are not produced at scale. 'We expect we will have a price parity with fossil methanol around 2035,' Knud Erik Andersen, CEO of Denmark's European Energy, told Reuters. Located in Kasso in southern Denmark, the new plant, which has cost an estimated €150m (R3bn), will produce 42,000 metric tons, or 53 million litres, of e-methanol per year, said its joint owners Denmark's European Energy and Japan's Mitsui. Maersk will be a major customer of the Kasso plant. It operates 13 dual-fuel methanol container vessels that can be powered with fuel oil and with e-methanol and has ordered another 13 vessels.

First commercial-scale e-methanol facility inaugurated in Denmark
First commercial-scale e-methanol facility inaugurated in Denmark

The Star

time13-05-2025

  • Business
  • The Star

First commercial-scale e-methanol facility inaugurated in Denmark

OSLO, May 13 (Xinhua) -- The world's first commercial-scale e-methanol production facility powered entirely by renewable energy officially began operations on Tuesday in Aabenraa, southern Denmark, marking a milestone in the transition to low-carbon fuels. With an annual production capacity of 42,000 metric tons, the Kasso facility is the first of its kind to synthesize e-methanol using green hydrogen and biogenic carbon dioxide. The process results in a product with up to a 97 percent lower carbon footprint than traditional fossil-based methanol. Located next to the 304-megawatt Kasso Solar Park - the largest of its kind in Northern Europe - the plant integrates renewable electricity with green hydrogen production and carbon capture and utilization (CCU) technology. Developed by European Energy, a Denmark-based green energy project developer, the facility is operated in partnership with Japan's investment and trading company Mitsui. European Energy holds a 51 percent stake in the project, and Mitsui holds 49 percent. "This is renewable energy in action, transforming how we use electricity," said Knud Erik Andersen, CEO of European Energy. The project represents an effort to bring "Power-to-X technologies into real-world use," he added. The first deliveries of e-methanol will be made to the Danish shipping giant A.P. Moller-Maersk, the global toy maker LEGO Group, and the pharmaceutical company Novo Nordisk. All three companies are integrating e-methanol into their operations as part of broader sustainability strategies.

World's first commercial-scale e-methanol plant opens in Denmark
World's first commercial-scale e-methanol plant opens in Denmark

Al Etihad

time13-05-2025

  • Business
  • Al Etihad

World's first commercial-scale e-methanol plant opens in Denmark

13 May 2025 19:33 COPENHAGEN (REUTERS)The world's first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container shipping sector is under pressure to find new sources of fuel after a majority of countries gave their backing to measures to help meet the International Maritime Organization's targets towards eliminating carbon emissions by far, zero-emission shipping fuels - such as green ammonia and e-methanol - which are produced using renewable energy, have tended to be more expensive than conventional fuel largely because they are not produced at scale."We expect that we will have a price parity with fossil methanol around 2035," Knud Erik Andersen, CEO of Denmark's European Energy, told in Kasso in southern Denmark, the new plant, which has cost an estimated 150 million euros ($167 million), will produce 42,000 metric tons, or 53 million litres, of e-methanol per year, its joint owners Denmark's European Energy and Japan's Mitsui will be a major customer of the Kasso plant. It operates 13 dual-fuel methanol container vessels that can be powered with fuel oil and with e-methanol and has ordered another 13 of the said, the plant's annual production is enough to power one large 16,000 container vessel sailing between Asia and the smaller Laura Maersk, the world's first dual-fuel container ship, with a capacity of more than 2,100 twenty-foot equivalent units, requires only 3,600 tons of fuel per Laura Maersk was scheduled to fuel near Kasso on methanol is typically produced from natural gas and coal. The Kasso plant will make e-methanol using renewable energy and CO2 captured from biogas plants and waste said one of the biggest challenges of switching to sustainable fuel was cost, and it is researching green fuel technologies and more efficient shipping to make the process Energy CEO Andersen said the company has plans to expand the Kasso facility as well as a pipeline of similar plants in Europe, Australia, Brazil and the United addition to its use in shipping, e-methanol can replace fossil methanol in plastic production, meaning it can supply other Danish companies. Drugmaker Novo Nordisk and toymaker Lego will use e-methanol from the plant for making injection pens and plastic elements, respectively.

World's first commercial-scale e-methanol plant opens in Denmark
World's first commercial-scale e-methanol plant opens in Denmark

Straits Times

time13-05-2025

  • Business
  • Straits Times

World's first commercial-scale e-methanol plant opens in Denmark

FILE PHOTO: The Alette Maersk, a green methanol-powered ship, is seen docket at the Port of Los Angeles, in Los Angeles, California, U.S., August 27, 2024. REUTERS/Lisa Baertlein/File Photo COPENHAGEN - The world's first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships. The shipping sector is under pressure to find new sources of fuel after a majority of countries gave their backing to measures to help meet the International Maritime Organization's targets towards eliminating carbon emissions by 2050. So far zero-emission shipping fuels, such as green ammonia and e-methanol, which are produced using renewable energy, have tended to be more expensive than conventional fuel largely because they are not produced at scale. "We expect that we will have a price parity with fossil methanol around 2035," Knud Erik Andersen, CEO of Denmark's European Energy, told Reuters. Located in Kasso in southern Denmark, the new plant, which has cost an estimated 150 million euros ($167 million), will produce 42,000 metric tons, or 53 million litres, of e-methanol per year, its joint owners Denmark's European Energy and Japan's Mitsui said. Maersk will be a major customer of the Kasso plant. It operates 13 dual-fuel methanol container vessels that can be powered with fuel oil and with e-methanol and has ordered another 13 of the vessels. It said, the plant's annual production is enough to power one large 16,000 container vessel sailing between Asia and Europe. For the smaller Laura Maersk, the world's first dual-fuel container ship, with a capacity of more than 2,100 twenty-foot equivalent units, requires only 3,600 tons of fuel per year. The Laura Maersk was scheduled to fuel near Kasso on Tuesday. Traditional methanol is typically produced from natural gas and coal. The Kasso plant will make e-methanol using renewable energy and CO2 captured from biogas plants and waste incineration. Maersk said one of the biggest challenges of switching to sustainable fuel was cost, and it is researching green fuel technologies and more efficient shipping to make the process cheaper. European Energy CEO Andersen said the company has plans to expand the Kasso facility as well as a pipeline of similar plants in Europe, Australia, Brazil and the United States. In addition to its use in shipping, e-methanol can replace fossil methanol in plastic production, meaning it can supply other Danish companies. Drugmaker Novo Nordisk and toymaker Lego will use e-methanol from the plant for making injection pens and plastic elements, respectively. Excess heat generated from the e-methanol production will be used to heat 3,300 households in the local area. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store