With a focus on South-East Asia, the two companies will partner to develop and commercialise Power-to-X (PtX) technology, which converts electricity into carbon-neutral synthetic gas or liquid fuels.
MAN Energy Solutions has pioneered the development of Power-to-Gas technology and commissioned Europe’s largest methanisation plant to create green methane from hydrogen back in 2013. The company now offers industrially-scaled 50MW Power-to-Gas and Power-to-X plants as part of its product portfolio.
Commenting on the Memorandum of Understanding with Wasco Energy, Uwe Lauber, CEO of MAN Energy Solutions, said: ‘We see a huge potential for synthetic fuels. To advance decarbonisation, climate-neutral fuels are needed in all sectors where direct electrification via batteries is not an option – as is the case with international shipping.
‘Without a doubt, Power-to-X is one of the key technologies needed to generate such synthetic fuels. We are very happy to work in South-East Asia together with Wasco and build on their vast network, tremendous experience, and substantial capabilities in the region.’
Giancarlo Maccagno, CEO, Wasco Energy Group, also added: ‘Both companies have a strong track record, background, and resources in developing energy projects across Asia. This collaboration with MAN on Power-to-X technology is in line with Wasco’s growth ambitions driven by innovation.
‘The signing of the MoU reaffirms our commitment to deliver innovative and sustainable solutions to the market, which is the future of the energy sector.’