- The project involves an investment of over 1 billion euros.
- The facility aims to produce 500,000 tons of green methanol annually.
- Operations are targeted to commence in 2028.
- The project will create over 2,000 construction jobs and 200 long-term jobs.
Project Overview
Power2X, a Dutch project developer, is planning a green methanol facility in Pärnu, Estonia, with an investment exceeding 1 billion euros. The facility, located in the Niidu industrial area, aims to produce up to 500,000 tons of green methanol annually using sustainable forestry outputs and green hydrogen powered by offshore wind developments.
Strategic Goals
The project supports the creation of a flexible hydrogen economy to manage offshore wind power intermittency, enhance regional energy security, and decarbonize various industries. The green methanol produced could significantly reduce CO2 emissions by up to 1 million tonnes per year, benefiting chemical materials production, aviation fuels, and shipping.
Technology and Sustainability
The facility will utilize advanced gasification and methanol synthesis technology, focusing on safety and reliability. It will source sustainably harvested biomass and residual forestry streams from Estonia, aligning with Power2X’s commitment to sustainability and decarbonization. Currently, much of this biomass is exported with limited economic value-add for Estonia.
Economic Impact
During its development, construction, and long-term operations, the project is expected to significantly boost Estonia's GDP. It will create over 2,000 jobs during construction and more than 200 long-term stable jobs in supply chain and operations.
Timeline and Future Prospects
Currently in the feasibility stage and progressing through permitting, the project aims to secure sufficient biomass volumes. Operations are targeted to commence in 2028, positioning the project as a key player in Europe's transition to sustainable feedstocks and energy sources for the chemical sector, aviation, and shipping.
