Petrobras and European Energy have signed a Memorandum of Understanding (MoU) to evaluate, on a non-binding basis, business opportunities for the development of an e-methanol production facility in Brazil.
The agreement was signed following the visit of Petrobras senior management to European Energy’s headquarters in Søborg, Denmark.
In a statement issued today (17 November), European Energy said the two parties will assess several development workstreams necessary to evaluate the implementation an e-methanol facility in Brazil by leveraging their respective competencies. Workstreams include a holistic assessment of all value-chain as well as adherence to the national regulatory framework.
‘We have, in the development and construction phase of our Kassø-project, gained invaluable experience and knowledge in the field of producing e-methanol,’ said Emil Vikjær-Andresen, Executive Vice President and Head of Power-to-X in European Energy. ‘This agreement with Petrobras – the leading fuel company in Brazil – is a milestone for us to use that know-how in furthering the green transition in the fuel sector in the country.’
Jean Paul Prates, the president of Petrobras, added: ‘Petrobras wants to focus on having good partners like European Energy. Established, reliable companies who are solid enough to work with us on large-scale projects. This partnership will benefit both sides. We can provide our knowledge and help to bring both the companies and our countries closer together.’
As previously reported, European Energy is currently constructing a large-scale commercial e-methanol facility in Kassø, Denmark. The facility is expected to produce 32,000 tonnes of e-methanol annually in 2024. Among the current offtakers for the e-methanol are A.P. Moller – Maersk, Novo Nordisk and the LEGO Group.
Image: European Energy