Spanish shipping and chemicals company Forestal del Atlántico has chosen Danish technology company Topsoe as a technology provider and engineering partner for the e-methanol project Triskelion, located in Galicia, Spain.
Specifically, Topsoe will provide its e-methanol reactor and catalyst technologies, as well as engineering support for the project, which is expected to produce 40,000 tons of e-methanol annually, while capturing and using circa 56,000 tons of CO2.
The e-methanol is intended for applications in the shipping and chemicals industries, Topsoe said, adding that when the project is in full operation, it will expectedly enable an annual emission avoidance of approximately 860,000 tons of CO2e.
The final investment decision (FID) for the project is expected in June 2025, and the first operation is planned for January 2028. Triskelion was a recipient of a €49 million grant from the European Union Emissions Trading System’s Innovation Fund in 2023.
Kim Hedegaard, CEO of Power-to-X at Topsoe, commented: “We are excited to be selected as the technology provider for this promising project. e-Methanol will act as a key driver in decarbonizing the energy-intensive sectors and may be one of the leading e-fuels used in reducing carbon emissions in industries such as international shipping. Topsoe and Forestal del Atlántico have a shared ambition to make the Triskelion project a European leader in this space, and we look forward to working together to turning these ambitions into reality.”
Andrés Fuentes, CEO at Forestal del Atlántico, stated: “For Forestal del Atlántico it is very important to have leading technology suppliers for the development of a project as innovative as Triskelion and Topsoe is a guarantee of the highest level to successfully develop and decarbonize our company, after more than 30 years using methanol of fossil origin for our production processes as well as distributing it in the market. This agreement makes that goal much closer.”
It is worth mentioning that in 2024, Topsoe signed multiple technology and service agreements for projects in the U.S., including with U.S.-based First Ammonia, Swiss ABB and U.S. Fluor, as well as with U.S. CF Industries. Furthermore, the company entered an engineering agreement with the South Korean Approtium to convert low-carbon ammonia into hydrogen using its H2RETAKE technology.