EE North America Charts a Green Course, Secures Land for Potential E-Methanol PtX Plant at Port of Victoria, Texas

Navigating New Horizons in the U.S., EENA secures PtX site for e-methanol development, Propelling the Port of Victoria into the Heart of Sustainable e-Fuels Production

AUSTIN, Texas, Jan. 24, 2024 (GLOBE NEWSWIRE) -- EE North America, recently nominated as one of the "10 Hydrogen Companies to Watch in the U.S. in 2024" by Reuters Events, has entered in a strategic collaboration with the Victoria County Navigation District to develop an innovative e-methanol project to the Port of Victoria. Project Nightshade, LLC, a subsidiary of EE North America's parent company European Energy, signed a 50-year lease on a prime location within the Port's North Industrial Park, seamlessly integrated into the newly developed Rail Loop Project. Project Nightshade, LLC at FID will commit an investment of hundreds of millions in Port infrastructure, generating more than 200 jobs during construction and 60 ongoing, local jobs.

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European Energy, currently on the verge of completing the world's largest e-methanol plant at the Kassø facility in Denmark of 32,000 tons/year e-methanol, plans to leverage similar innovative technology at the Port and upscale to 100,000 tons/year e-methanol plant. The process involves using renewable solar and wind energy to split water (H2O) into green hydrogen and oxygen. This green hydrogen, along with biogenic carbon dioxide (CO2), would be synthesized on-site to produce e-methanol. A list of companies including A.P. Moller Maersk, Novo Nordisk and the LEGO Group has already signed up to be off-takers of the e-methanol. This versatile substance finds applications in the shipping industry as e-fuel, as a raw material for sustainable green plastics and blended in heavy transport, while significantly contributing to the energy transition by replacing and displacing fossil fuels.

Lorena Ciciriello, CEO of EE North America, expresses optimism about the potential venture, sharing, "At EE North America, we're not just navigating the green energy transition; we're steering it. The Port of Victoria's vast international waterways, cutting-edge rail infrastructure, and its pivotal central location align seamlessly with our commitment to lead in the global green energy transition. It's not just a location; it's a dynamic space where our project can truly catalyze a significant impact on the world's green energy landscape. This agreement not only marks a milestone for us but helps validate that we're not just bringing tomorrow's energy; we're bringing it today. We're eager for more discussions with the Port of Victoria, fueled by the prospect of not just creating jobs but cultivating a cleaner, brighter energy future for the region.”

Jaime Casasus-Bribian, European Energy's Director of PtX Projects for the Americas, Australia & Iberia, emphasizes the importance of trusted partnerships and community impact. "At European Energy, we understand that having trusted, strategic partnerships is the way to build lasting relationships that benefit the entire community. The Port of Victoria project is an opportunity to extend the positive impact of our innovative technology that's already transforming energy landscapes in Denmark. We are excited about the prospect of bringing this cutting-edge technology to the Port of Victoria and the surrounding community. Our commitment extends beyond infrastructure and projects; it's about creating a sustainable legacy that addresses the increasing demand for e-methanol, enhances the local environment, and fosters economic growth."

Sean Stibich, Executive Director at the Port, applauds the ongoing infrastructure enhancements and community collaboration, noting, "The green energy revolution is gaining momentum at the Port, and our dedicated local leadership, along with community support, has ensured we have the necessary infrastructure in place. We are thrilled about the prospect of partnering with European Energy, a global leader in the green industry, and are committed to welcoming sustainable jobs and renewable industry through Project Nightshade, LLC."

This project marks the sixth green energy project under consideration at the Port of Victoria, showcasing the opportunity for up to 745 acres of Port property to be utilized for green energy production. The Victoria County Navigation District is enthusiastic about embracing these emerging industries and witnessing businesses express interest in the Port's new improvements and strategic advantages.

For more information about the exciting developments at the Port of Victoria, please contact the Port today or visit www.PortofVictoria.com.

About EE North America

EE North America develops, finances, builds, and operates wind and solar farms and was one of the first companies in the world to introduce Power-to-X technology. Its parent company, European Energy A/S, is based in Copenhagen, Denmark, and has significant and in-depth experience in the development and deployment of renewable energy in four continents. European Energy was founded in 2004 and has a current project pipeline of 50 GW in markets across the world. For more information, please visit www.EuropeanEnergy.com.

For more information on Power-to-X (PtX), visit, https://europeanenergy.com/green-solutions/ptx/
Related news, https://europeanenergy.com/news-insights/