European Energy and Petrobras have officially entered into a Memorandum of Understanding (MoU) to explore potential commercial ventures related to the establishment of an e-methanol production facility in Brazil. The formalization of this agreement follows a visit by senior Petrobras management to European Energy's headquarters in Søborg, Denmark, underscoring the commitment to advancing green e-fuels in the country.
European Energy, a key player in renewable energy, has already connected 187MW of solar and wind energy to the Brazilian national grid, boasting a robust development pipeline of 1.5GW across the nation. Emil Vikjær-Andresen, Executive Vice President and Head of Power-to-X at European Energy, sees this collaboration with Petrobras, a leading fuel company in Brazil, as a pivotal step in leveraging their collective expertise to drive the green transition in the country's fuel sector.
Vikjær-Andresen remarked, “This agreement with Petrobras – the leading fuel company in Brazil – is a milestone for us to use that know-how in furthering the green transition in the fuel sector in the country.”
The collaborative effort between the two entities will involve an assessment of various development workstreams critical to evaluating the feasibility of an e-methanol facility in Brazil. These workstreams encompass a comprehensive evaluation of the entire value chain and adherence to the national regulatory framework.
European Energy is currently in the process of constructing the world's first large-scale commercial e-methanol facility in Kassø, Denmark. Expected to produce 32,000 tonnes of e-methanol annually by 2024, the facility has already secured offtakers, including A.P. Moller – Maersk, Novo Nordisk, and the LEGO Group.
The agreement between European Energy and Petrobras signals a collaborative effort to bring sustainable e-fuels to the forefront of Brazil's energy landscape, marking a significant stride in the global transition towards cleaner and more environmentally friendly alternatives.
