P2X Europe, the venture between H&R and Mabanaft, is driving forward the trail to climate neutrality in mobility and chemicals: one among the project developer’s PtL projects was qualified as a project of potential national interest (Potencial Interesse Nacional – PIN in line with Decree-Law 154/2013 November, 5th) by the Portuguese government. The PIN Award may be a qualification reserved for investments that make a big contribution to the country’s economy. The formal recognition is an officer expression of confidence bcoz it endorses overall project design additionally as economic, financial, technical, and environmental viability. The PIN Award also confirms the strategic alignment of the PtL project with government global climate change policies, particularly Portugal’s Recovery and Resilience Plan also because the Portuguese Hydrogen Strategy.
P2X-Europe’s ground-breaking initiative is that the first power-to-liquids project to receive this award in Portugal, which implies it benefits from simplified administrative procedures and fast-track licensing & permitting through a consolidated approval process, giving it greater planning certainty. The PIN status thus translates into a major time advantage as continuous Govt engagement, synchronized coordination across Ministries and active performance monitoring of licensing procedures will secure speedy project implementation.
“The project maps the whole process value chain of PtL technology,” Dr. Christoph Weber, co-CEO of P2X-Europe, explains. “It encompasses the assembly of green hydrogen from renewable electricity yet because the capture and use of biogenic CO2 as a stuff for conversion into synthetic hydrocarbons.” On a locality of around 25,000 m² belonging to the Portuguese pulp and paper company Navigator, an industrial-scale plant is to be built that may initially produce up to twenty,000 plenty of synthetic hydrocarbons from 2025. AICEP Portugal Global, the Portuguese Business Development Agency (Agência para o Investimento e Comércio Externo de Portugal) will monitor all administrative procedures and facilitate intergovernmental coordination as Process Manager.
The e-fuels and waxes from renewable raw materials are used primarily as e-jet fuel, but also within the basic industry. “The PIN award also confirms the design quality during this innovative technology segment through a favourable choice of location with the cooperation partner Navigator additionally because the added value of P2X-Europe through market access via its shareholders in both the mobility and basic materials industries,” explains Detlev Wösten, Chief Sustainability Officer of the H&R Group and co-CEO of P2X-Europe.