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European Energy and Maersk have signed a letter of intent on the development of e-methanol projects. As part of the partnership, European Energy will develop and construct large scale e-methanol projects in North and South America with production start in 2025/26.
Maersk will be the sole off-taker on a multi-year contract of the e-methanol from the plants. Underlining European Energy’s business model of combining the entire value chain from production of renewable electricity to production of e-methanol, the plants will be located in connection with new renewable electricity facilities developed and constructed by European Energy.
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