- Renewable fuels: The project aims to produce 200,000 tonnes of e-methanol per year.
- Carbon capture: The project will capture an estimated 380,000 tonnes of biogenic CO₂ from the Magnon plant per year.
- An integrated value chain at the Puertollano valley: Green hydrogen production combined with carbon capture and methanol synthesis.
Magnon, a renewable energy company subsidiary of the Ence group, Power2X and ErasmoPower2X have signed an agreement to explore the development of an e-methanol plant at Magnon’s industrial complex in Puertollano, Ciudad Real.
Around 380,000 tonnes of biogenic CO₂ will be captured each year, which is equivalent to the amount of carbon captured annually by around 15 million trees, enabling, amongst others, the annual production of 200,000 tonnes of synthetic methanol. This non-fossil feedstock enables the decarbonization of hard-to-electrify sectors such as aviation, shipping and chemicals.
As part of the initial phase of the agreement, the parties will jointly conduct a detailed feasibility study of the carbon capture and e-methanol synthesis. Magnon will oversee the integration of carbon capture into its existing biomass plant, while Power2X and ErasmoPower2X will manage the hydrogen supply integration.
Renewable hydrogen production
The feasibility of producing renewable hydrogen on-site at Magnon’s industrial complex in Puertollano as well as the supply of green hydrogen from ErasmoPower2X facilities in Saceruela, Ciudad Real via the hydrogen backbone will both be assessed.
Spanish renewable fuel production
This e-methanol project will be a major driver of Spain’s future renewable fuel production. It will also stimulate economic activity and the creation of high-quality jobs in the region. Additionally, the initiative aims to support Spain’s strategic industries and facilitate investment in new green molecule value chains.
Guillermo Negro, CEO of Magnon Green Energy, commented: “As the leading biomass company and largest biogenic CO2 producer in Spain, we are excited to keep on contributing towards energy independence of Spain and Europe. We highly value the collaboration with Power2X and ErasmoPower2X to study the production of renewable fuels in Castilla-La Mancha.”
Niels van Buuren, EVP Business Development Power2X, commented: “This initiative shows Power2X integrating new technologies with existing industrial processes to produce green hydrogen and e-methanol, which will decarbonize various Spanish industries e.g., steel, automotive, refineries and aviation. As a European developer, we are excited to collaborate with Spanish Magnon Green Energy at the forefront of Spain’s energy transition.”
Bas Dekker, Founder and CEO of ErasmoPower2X, commented: “This partnering agreement is yet another example of the great opportunity that has been created in Spain, and specifically Castilla-La Mancha, where the energy transition is resulting in investment in new industries, infrastructure and jobs.”
From left to right: Bas Dekker, Founder and CEO of ErasmoPower2X; Niels van Buuren, EVP Business Development Power2X; Ignacio Colmenares, Chairman and CEO of Ence IC; Occo Roelofsen, Founder and CEO Power2X and Carlos Izaguirre, COO of Magnon.
