February 24, 2021 Read More →

Investment firm CIP pushes ahead with offshore wind driven green ammonia project

Offshore Engineer:

Danish energy infrastructure investments firm Copenhagen Infrastructure Partners is looking to build what it says is Europe’s largest production facility of CO2-free green ammonia, with the final product aimed at the shipping and agriculture sector as a means to reduce emissions.

The project will be located in the town of Esbjerg on the west coast of Denmark, where the facility dubbed “Power-to-X-facility” will convert power from offshore wind turbines to green ammonia.

This will be used by the agriculture sector as CO2-free green fertilizer and by the shipping industry as CO2-free green fuel. The excess heat will be used to provide heating for around one-third of the local households in Esbjerg. The facility will consist of 1GW electrolysis.

Ultimately, this is expected to reduce CO2-emissions by about 1.5 million tons CO2 yearly – or the equivalent to removing 730,000 cars from the roads permanently, CIP said.

CIP made the announcement is made in collaboration with market leaders within the agriculture and shipping industries.

“CIP, the world’s largest dedicated fund manager within greenfield renewable energy infrastructure investments, is looking forward to further collaboration with the companies, to bring the facility from the planning stage to the building stage,” the company said. “With this project, we support further development to cut CO2 emission from agriculture and shipping in Denmark, through the use of CO2-free green fertilizers and green fuel. The agriculture and shipping industries are industries, which are embarking on a journey of decarbonization. Solutions such as Power-to-X are key for these industries to take the next big leap within the decarbonization,“ says Christian Skakkebæk, Senior Partner in CIP, responsible for the Energy Transition Fund.

More: Europe’s largest: CIP to launch offshore wind-powered ammonia plant in Denmark

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