P2X-Portgual, the newly announced joint venture between The Navigator Company and Hamburg-based P2X-Europe which could see 80,000 tonnes of renewable power-to-liquid products produced per year, reducing up to 28,000 tonnes of annual carbon emissions.
Estimated to cost between €550-600m ($563-614m) in capital expenditure (capex) alone, the Figuera da Foz, Portugal based facility will comprise of green hydrogen production and biogenic carbon dioxide capturing equipment with an annual production capacity of 40,000 tonnes.
The project plans to leverage on Portugal’s renewable energy sources and Navigator’s biogenic carbon dioxide, produced using biorefineries using sustainable forests and P2X-Europe’s power-to-liquids knowhow.
With hopes of cleaning up air travel, the project bids to become a frontrunner in the market introduction and commercialisation of SAF products at scale.
Subject to a final investment decision (FID) by mid-2023, the project is scheduled to start commercial operations as early as the first half of 2026, with the companies saying Portugal is well positioned to become a hub for producing green hydrogen derivatives such as SAF.
In November 2021, plans were unveiled to develop the Port of Sines, Portugal into a hydrogen hub, boasting an electrolyser capacity of 2.5GW by 2030, and 265MW in 2025.
It is hoped the green hydrogen hub will see the energy carrier distributed across the nation through its modern and extensive natural gas grid, spanning 19,000km (11,806 miles).
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