Anaergia has signed an agreement with European Energy to supply up to 60,000 tonnes per year of liquefied biogenic carbon dioxide for 10 years.
The Copenhagen-based renewable wind and solar energy producer, which has a pipeline of more than 20GW renewable energy projects, will produce green e-methanol from the biogenic CO2. Under the terms of an agreement European Energy had previously entered into with A.P. Moller Maersk, the green e-methanol will be used to power the first container vessel that the container shipping giant is building to operate on the carbon neutral fuel.
Anaergia – whose gross profit increased to $8mn for the quarter to June 30, up $2mn year-on-year – will provide the liquified carbon dioxide from the anaerobic digesters that will operate at its plant being built in Tønder, Denmark, and build a modern carbon dioxide liquification system at the plant.
Andrew Benedek, Chairman and CEO of Anaergia, said, “The benefit for us is the ability to sell the biogenic CO2 from our plants that is produced when we convert organic materials to methane and CO2. By selling this CO2 instead of returning it to the atmosphere, our plants contribute to de-carbonising hard-to-abate sectors, such as shipping, while becoming more profitable, as we turn this waste gas from our plants into a useful fuel. This is a great example of carbon capture and utilisation, a critical step on the path towards net zero.
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