Norway-based company H2Carrier and Danish renewable energy project developer Eurowind Energy have agreed to cooperate on making the marine fuel market greener.
The parties have signed a memorandum of understanding (MoU) to develop green fuels from wind and solar power. Specifically, they will perform a technical and commercial study of converting renewable wind power to green ammonia by use of H2Carrier’s floating production unit, the P2XFloater .
The parties want to enable e-ammonia for the maritime sector using the European wind sector and solar resources as feedstock for the P2XFloater. The floating production vessel is for safe industry-scale ammonia production.
“ We are excited to join forces with Eurowind with the aim of offering green ammonia to the industrial and marine fuel market. Eurowinf Energy has access to a primary market with + 25,000 kilometres of coastline which, matched with the P2XFloater system, represent major opportunities for near-shore production of low carbon fuels,” said H2Carrier CEO Marten Lunde .
Henrik Lykke Sorensen from Eurowind added: “P2XFloater provides Eurowind with the opportunity for a fast-track development of renewable power resources and enables us to participate in the rapidly growing market for low carbon fuels.”