Fredericia, 21 June 2022 – Everfuel A/S and Crossbridge Energy A/S are pleased to announce that the two companies, in collaboration with Aalborg University, have received public support for a feasibility study of potential future production of liquid e-fuels in Fredericia, Denmark.
The total grant amounts to DKK 5.8 million. The grant will be used to co-finance the pre-feasibility study, which will include the development of a test production plant, which will, among other things, be used to explore different electrolysis technologies at the Everfuel Tech site.
In the test phase, a broad use of e-fuels as a clean fuel for mobility, potentially as a replacement for jet fuel in aviation and for ship traffic, must be looked at. It could, for example, be produced by converting green hydrogen into methanol in a reactor via catalysis with carbon dioxide (CO2).
Everfuel will supply the hydrogen from the HySynergy electrolysis plant, while Crossbridge Energy will supply the CO2 from its refinery. The test facility will be located on Crossbridge Energy’s land at the refinery in Fredericia. The results will be used to evaluate potential future industrial-scale e-fuel production and will explore ways to combine green hydrogen with CO2 in efforts to find sustainable fuels.
“Green hydrogen is the key to unlocking large-scale zero-emission mobility on land, in the air and at sea. We look forward to working with Crossbridge Energy and Aalborg University to get more and better data related to e-fuel production, including how to optimize the processes in relation to hydrogen production. Exploring the synergies in this project will be very interesting and pave the way for even better ways to utilize the green hydrogen we produce,” says Jacob Krogsgaard, CEO of Everfuel.
“New and more sustainable fuels are a must for future transport. Now we get to investigate and map out the possibilities with methanol. It looks exciting,” says Finn Schousboe, CEO of Crossbridge Energy.
For further information:
Lea Vindvad Hansen, Investor Relations & Communications Manager, Everfuel A/S, +45 6183 0205, firstname.lastname@example.org
Torben Øllegaard Sørensen, External Relations Advisor, Crossbridge Energy A/S, +45 4077 9257
About Crossbridge | www.crossbridge.dk
Crossbridge Energy is a leading energy producer with a focus on the environment and developing and operating sustainable energy solutions. Crossbridge Partners bought the A/S Dansk Shell refinery (renamed Crossbridge Energy A/S) in July 2022. Crossbridge Energy A/S supplies approximately 35% of the total Danish consumption of liquid fuel.
Crossbridge Energy Partners is focused on transforming traditional energy infrastructure and growing through acquisitions in North America, Europe and elsewhere. The group has $2.0 billion in annual revenue.
About Everfuel | www.everfuel.com
Everfuel makes green hydrogen for zero-emission mobility commercially available across Europe and offers competitive all-inclusive hydrogen supply and fuel solutions. We own and operate green hydrogen infrastructure and partner with automotive OEMs to connect the entire hydrogen value chain and seamlessly deliver hydrogen fuel to corporate customers under long-term contracts. Green hydrogen is a 100% clean fuel produced from renewable energy and the key to the electrification of the transport sector in Europe and a sustainable future. We are a young ambitious company with headquarters in Herning, Denmark, with operations in Norway, Denmark, Sweden, Holland, Germany and Belgium and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.