NEW FUNDING FOR DANISH GREEN FUELS INITIATIVE

Dec 19, 2022 | Marine fuel & lubricant news

The Danish Business Authority has awarded the Danish Power-to-X flagship project ‘Green Fuels for Denmark’ DKK 60m as part of Denmark’s participation in the European IPCEI programme.

The funding will go towards realising Green Fuels for Denmark’s first phases of 10 MW, 100 MW and 300 MW, respectively. The Green Fuels for Denmark consortium is led by Ørsted, and includes demand-side partners A.P. Moller–Maersk, Copenhagen Airports, DFDS, DSV and SAS, with Topsoe, Nel and Everfuel as technology partners and COWI as knowledge partner. By bringing together leading Danish companies from both technology and supply and demand side, Green Fuels for Denmark is placed to develop Denmark’s large potential within Power-to-X while creating jobs and supply chain development in the process.

The funding from the Danish Business Authority represents a strong contribution to Green Fuels for Denmark, which, as a flagship project, can help advance the Power-to-X industry as a whole to deliver the green fuels that are urgently needed to secure Europe’s regional energy independence and fight climate change. Green Fuels for Denmark, and the Power-to-X industry in general, remain dependent on competitive supply of renewable power and clear national and international regulations that advance the demand for green fuels and drive out fossil-based alternatives. Together with the necessary framework conditions, the Danish IPCEI funding can contribute to the realisation of this pioneering project.

Green Fuels for Denmark’s first two phases will produce renewable hydrogen to power heavy road trucks and enough e-methanol to power an ocean-going vessel or several ferries. In Green Fuels for Denmark’s later phases, the project could produce e-kerosene corresponding to 30 % of the pre-pandemic jet fuel consumption at Copenhagen Airport – far beyond the fuel needed for Danish domestic aviation.

Anders Nordstrøm, COO, Ørsted Power-to-X, said: “We’re very pleased to have received funding from the Danish government for Green Fuels for Denmark, and we’d like to commend Denmark for taking a leading role in fighting climate change also in the hard-to-abate sectors. Power-to-X can become Denmark’s next green business stronghold, and with the right, supportive regulation, ‘Green Fuels for Denmark’ is uniquely placed to lead this second phase of Denmark’s green success story.”

Torben Carlsen, CEO, DFDS, said: “Transforming the shipping and logistics industry takes heavy investments in new technologies and infrastructures to accommodate high volumes of green power. DFDS is committed to having a green vessel in operations by 2025 and is already deploying electrical trucks on European roads. As an off-take partner in the Green Fuels for Denmark partnership, we highly welcome political ambition, will and actions that speed up the green transition.”

Kim Saaby Hedegaard, CEO Power-to-X, Topsoe, said: “Decarbonisation of heavy transportation is a tough challenge for society and one that we need to solve now to reach net zero in 2050. We are thrilled to support with our expertise in Power-to-X solutions and to help this visionary project reaching its ambitious targets.”

Jacob Krogsgaard, CEO, Everfuel, said: “We would like to congratulate Ørsted and the Green Fuels for Denmark consortium on this major milestone. This is an important project for scaling Power-to-X and for the decarbonisation of mobility in Denmark and Europe. At Everfuel we look forward to participating in bringing the project forward and providing sustainable fuels to the market.”

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