EE North America (EENA), a European Energy subsidiary, has signed a strategic agreement with Montauk Renewables, Inc. to purchase biogenically produced carbon dioxide, critical to the production of e-fuels, for up to 15 years.
Biogenic CO2 is crucial in the production of carbon-based e-fuels, and this agreement highlights the possibility of replacing fossil-based fuels and chemicals with locally produced e-fuels.
“The expected agreement between Montauk and EE North America will have a positive impact on the global reduction of CO2, a greenhouse gas which contributes to climate change, while continuing to expand and diversify our revenue sources, in this case with fixed-price commodity sales,” said Sean McClain, CEO of Montauk.
In conjunction with this deal, EENA is also constructing a Power-to-X plant in Denmark that will supply e-methanol to global logistics companies, such as Maersk. The biogenic CO2 sourced from Montauk will be used for even larger e-methanol facilities currently under development by EENA in Texas. This agreement serves to progress EENA’s commitment to forwarding sustainable energy solutions, such as green hydrogen and sustainable aviation fuels, across North America.
"Collaboration is paramount in tackling large and complex projects, and we are thrilled to celebrate this agreement with Montauk," said Jaime Casasus-Bribian, European Energy’s Head of Power-to-X Projects for the Americas & Iberia. "With a holistic approach to project development and strong strategic partnerships, we are leveraging the expertise from our blueprint e-methanol project in Denmark, maximizing our first mover advantage in the U.S. Our aim is to be a key player in the U.S. across e-fuels and hydrogen, driving innovation and forging a sustainable energy future."
