P2X-Europe, the joint venture between H&R and Mabanaft, is driving progress towards climate-neutral mobility and the chemical industry: A PtL project by the project developer has been classified by the Portuguese Government as a project of potential national interest (Potencial Interesse Nacional – PIN, in accordance with Decree-Law 154/2013 of 5 November). The PIN Award, which is granted to projects of national interest, is a designation given to projects that make a significant contribution to the country’s economy. This formal recognition is an official expression of confidence, as it validates the entire project design as well as its economic and financial aspects. The PIN Award also confirms the strategic alignment of the PtL project with the government’s climate change policy, in particular with Portugal’s Recovery and Resilience Plan and the Portuguese hydrogen strategy.
The P2X-Europe initiative is the first Power-to-Liquids project in Portugal to receive this award and will therefore benefit from a streamlined approval process through a consolidated authorisation procedure, thereby gaining greater planning certainty. PIN status therefore offers a significant time advantage, as continuous government commitment, synchronised coordination between ministries and active monitoring of the progress of approval procedures will ensure rapid project implementation.
“The project covers the entire process chain of PtL technology,” said Dr Christoph Weber, co-CEO of P2X-Europe. “It encompasses the production of green hydrogen from renewable electricity, as well as the capture and use of biogenic CO₂ as a feedstock.” An industrial-scale plant is to be built on a site covering around 25,000 m² belonging to the Portuguese pulp and paper group Navigator, where up to 20,000 tonnes of synthetic hydrocarbons will initially be produced from 2025 onwards. AICEP Portugal Global, the Portuguese economic development agency (Agência para o Investimento e Comércio Externo de Portugal), will oversee all administrative procedures and, as process manager, facilitate intergovernmental coordination. The e-fuels and waxes derived from renewable raw materials are to be used primarily as e-jet fuel, but also in the basic chemicals industry. “Winning the PIN Award also confirms the quality of planning in this innovative technology segment, thanks to the favourable choice of location in partnership with Navigator, as well as the added value of P2X-Europe through market access via its shareholders in both the mobility and basic chemicals sectors,”, explains Detlev Wösten, Chief Sustainability Officer of the H&R Group and co-CEO of P2X-Europe.
Market leader in Power-to-X products
“By presenting the PIN Award, the Portuguese government has demonstrated its supportive stance and reaffirmed the country’s leading role as a European pioneer in climate protection by recommending Portugal as a preferred location for the implementation of innovative Power-to-Liquid projects,” comments Dr Christoph Weber. The collaboration between Navigator and P2X-Europe supports not only the project partners but also the Portuguese government in achieving its climate targets. At the same time, it strengthens the supply base of H&R and Mabanaft. This ensures that the joint venture’s customers receive the best possible support on their journey towards climate neutrality: “Together with our own capacities and the expansion of our network, we are providing the market with a broad and comprehensive range of low-carbon fuels and chemical products,” says Volker Ebeling, Senior Vice President New Energy, Chemicals and Gas at Mabanaft.
Designation as a “project of national interest” ensures rapid implementation in a dynamic market for climate-friendly products
Thanks to the Portuguese government’s support for the project, the approval process at both national and local levels is managed in a coordinated manner across all relevant institutions, and any administrative issues are resolved promptly, thereby increasing planning certainty and reducing the time required. This is of immense importance for achieving short-term climate protection targets across the various industrial sectors.
P2X-Europe GmbH & Co. KG is an independent Power-to-Liquid (PtL) project development company, supported by two German firms based in Hamburg: the Mabanaft Group, a leading independent and integrated energy company, and the H&R Group, a speciality chemicals company specialising in the development and manufacture of specialised chemical and pharmaceutical products. P2X-Europe develops, builds and invests in vertically integrated, end-to-end Power-to-Liquid technology solutions to enable the market launch of synthetic net-zero fuels derived from a wide range of biogenic carbon sources. Headquartered in Hamburg, the company has set itself the goal of becoming a leading global provider of renewable hydrogen and environmentally friendly fuels, with a focus on sustainable aviation fuels. The company is building a strong and diverse portfolio of large-scale Power-to-X projects across various sectors and regions.
www.p2x-europe.com
Mabanaft GmbH & Co. KG is a leading independent and integrated energy company that provides its customers with innovative energy solutions in the transport, heating and industrial sectors. In addition, the company is active in the trading of petroleum products, natural gas liquids, chemicals and biofuels.
www.mabanaft.com
H&R GmbH & Co. KGaA: Listed on the Prime Standard of the Frankfurt Stock Exchange, H&R KGaA is a speciality chemicals company active in the development and manufacture of speciality chemical and pharmaceutical products based on crude oil, and in the production of precision plastic components.
www.hur.com
