The Danish company European Energy announced that it has received a grant from the European Commission to fund its green methanol plant project. This grant, awarded under the EU Innovation Fund, exceeds 50 million euros. This funding aims to support the construction of a new green methanol production facility, located in Denmark, with construction expected to begin in 2026.
The goal of this plant is ambitious: to produce more than 100,000 tonnes of green methanol each year. By reducing CO2 emissions by about 150,000 tonnes annually, the project aligns with the European Union’s strategy to accelerate the green energy transition. According to Emil Vikjær-Andresen, Executive Vice President and Head of Power-to-X Projects at European Energy, this initiative represents a significant step towards reducing costs and increasing the size of renewable energy infrastructure.
The rise of green infrastructure
The facility builds on the achievements of a first project led by European Energy in the town of Kassø, also in Denmark. This first plant, currently being commissioned, has a production capacity of 32,000 tonnes of green methanol per year. The new project will more than triple this capacity, further strengthening Denmark’s position as a pioneer in green energy technologies.
A significant impact on emissions reduction
In addition to methanol production, European Energy’s project is seen as a direct response to the EU’s climate goals. By utilizing innovative technologies, the plant aims to produce carbon-neutral fuel that can be used across various industrial and transport sectors. As concerns over greenhouse gas emissions grow, this project is expected to contribute significantly to reducing the continent’s overall emissions.
The EU Innovation Fund, which supports this project, is one of the main financial tools for low-carbon technologies. The fund aims to stimulate the adoption of innovations that have a strong impact on the decarbonization of European industries.
