Danish renewables developer European Energy has agreed to acquire 100% of REintegrate as part of the former’s increasing focus on power-to-X (PtX).
European Energy said it is now integrating REIntegrate into its organisation, where the employees will join the newly established PtX department.
The department is headed by Emil Vikjaer-Andresen who has worked in renewable energy since 2013, including five years with European Energy.
European Energy has also established a new office in the Danish city of Stovring, where the current REIntegrate offices are located.
Earlier this year REIntegrate, European Energy and Maersk signed an agreement to supply e-methanol to Maersk’s first container ship using e-methanol.
The e-methanol will be delivered in 2023 with a volume of a least 10,000 tonnes a year.
In November 2020, a contract was concluded with the fuel distributor Circle K providing 50 million litres of e-methanol to Circle K from 2023.
Vikjaer-Andresen said: “We have a firm belief in the ability of PtX to de-carbonize sectors which cannot be electrified directly, and European Energy is dedicated to being a front runner in this endeavour.
“We are set on expanding our PtX-activities as we want to provide solutions for our customers within the whole value chain of green energy – from the production of renewable electricity to higher value products such as green hydrogen and e-methanol.
“As we have seen in the past year, the demand for PtX-solutions is already there. This is an untapped market, where we have a unique opportunity to gain experience and know-how on the fuel solutions of the future.
“We have now established a competent and experienced team and we’re very happy to be able to drive forward this innovation in Denmark.”