CIP announces plans to build Power-to-X facility
Published by Pippa Luck,
Editorial Assistant
World Fertilizer,
At a press conference in Esbjerg, Denmark, Copenhagen Infrastructure Partners (CIP) has unveiled plans for the establishment of a European production facility of CO2-free green ammonia. The project will be located in the town of Esbjerg on the west coast of Denmark, where the Power-to-X-facility will convert power from offshore wind turbines to green ammonia. This will be used by the agriculture sector as CO2-free green fertilizer and by the shipping industry as CO2-free green fuel. The excess heat will be used to provide heating for around one third of the local households in Esbjerg. The facility will consist of 1GW electrolysis. Ultimately, this is expected to reduce CO2-emissions by about 1.5 million tpy of CO2 – or the equivalent to removing 730 000 cars from the roads permanently.
The announcement is made in collaboration with market leaders within the agriculture and shipping industries. Arla, Danish Crown and DLG are all part of the collaboration, and together they represent a significant part of the agricultural value chain: dairy, meat, and crops production. The project companies also include A. P. Moller-Maersk and DFDS, representing the shipping sector.
Together with CIP, they have signed a memorandum of understanding, in which the signatories commit themselves to work towards realising the establishment of the facility.
CIP, the world’s largest dedicated fund manager within greenfield renewable energy infrastructure investments, is looking forward to further collaboration with the companies, to bring the facility from the planning stage to the building stage. “With this project, we support further development to cut CO2 emission from agriculture and shipping in Denmark, through the use of CO2-free green fertilizers and green fuel. The agriculture and shipping industries are industries, which are embarking on a journey of decarbonisation. Solutions such as Power-to-X are key for these industries to take the next big leap within the decarbonisation,” said Christian Skakkebæk, Senior Partner in CIP, responsible for the Energy Transition Fund.
Next generation renewable energy infrastructure assets, such as Power-to-X, have become attractive as industrial scale investment opportunities. This has been driven by rapid technological advancements, significant cost reductions in renewable energy, and the global energy transition with an ambition to achieve net-zero companies and economies.
Read the article online at: https://www.worldfertilizer.com/environment/24022021/cip-announces-plans-to-build-power-to-x-facility/
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