European Energy has entered into a 50-year lease agreement with Port of Victoria in Texas, US for a planned PtX plant.
European Energy will develop a e-methanol facility at the site, which can produce around 100,000 tons a year of e-methanol.
The process will involve using solar and wind generated electricity to make green hydrogen which, along with biogenic carbon dioxide, is synthesised on-site to produce e-methanol.
The PtX project could generate more than 200 jobs during construction and 60 ongoing, local jobs.
European Energy is on the verge of completing the world’s largest e-methanol facility at the Kasso facility in Denmark of 32,000 tons/year e-methanol.
AP Moller Maersk, Novo Nordisk and the LEGO Group have already signed up to be off-takers of the e-methanol.
Lorena Ciciriello, CEO of EE North America, said: “The Port of Victoria’s vast international waterways, cutting-edge rail infrastructure, and its pivotal central location align seamlessly with our commitment to lead in the global green energy transition.
“It’s not just a location; it’s a dynamic space where our project can truly catalyse a significant impact on the world’s green energy landscape.
“This agreement not only marks a milestone for us but helps validate that we’re not just bringing tomorrow’s energy; we’re bringing it today.
“We’re eager for more discussions with the Port of Victoria, fueled by the prospect of not just creating jobs but cultivating a cleaner, brighter energy future for the region.”
Sean Stibich, Executive Director at the Port, added: “The green energy revolution is gaining momentum at the Port, and our dedicated local leadership, along with community support, has ensured we have the necessary infrastructure in place.
“We are thrilled about the prospect of partnering with European Energy, a global leader in the green industry, and are committed to welcoming sustainable jobs and renewable industry through this project.”