European Energy's subsidiary, EE North America (EENA), is accelerating the clean energy transition in the United States through a strategic agreement with Montauk Renewables, Inc. (Montauk), reinforcing the company's commitment to Power-to-X technologies. The agreement grants EENA the option to purchase biogenically produced CO2, critical for the production of e-fuels, over a span of up to 15 years, with potential for extension thereafter. European Energy is currently constructing a Power-to-X plant in Denmark (Kassø) which will be a first-of-its-kind facility supplying e-methanol to the global logistics company Maersk among others.

The biogenic CO2 sourced from Montauk will be used for even larger e-methanol facilities in Texas that European Energy is currently developing. This landmark agreement is a testament to European Energy?s dedication to driving forward sustainable energy solutions such as green hydrogen, e-methanol, and sustainable aviation fuel, across North America. Biogenic CO2 for Carbon-Based E-Fuels: Biogenic CO2 plays a crucial role in the production of carbon-based e-fuels, and this agreement highlights the possibility of sourcing this essential component within the U.S. enabling the replacement of fossil-based fuels and chemicals from locally produced e-fuels.