EE North America has entered in a strategic collaboration with the Victoria County Navigation District to develop an innovative e-methanol project to the Port of Victoria, according to a news release.
Project Nightshade, a subsidiary of EE North America’s parent company European Energy, signed a 50-year lease on a location within the Port’s North Industrial Park, seamlessly integrated into the newly developed Rail Loop Project. Project Nightshade 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.
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.
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.
