Business Finland has provided investment grant of EUR 60 million to P2X Solutions’ renewable hydrogen and synthetic methanol production plant in Joensuu. The grant is an important step towards the final investment decision of the Joensuu plant, which is scheduled to be made in 2025.
The planned production capacity of renewable hydrogen at the P2X Solutions’ Joensuu plant is 40 MW. The customer base for the plant’s end products would consist primarily of the marine and aviation sectors, which have very significant emission reduction needs.
The plant would be located in the Iiksenvaara industrial area in Joensuu, near the Savon Voima’s biopower plant. The P2X Solutions’ plant is a novel example of an integrated circular economy solution, as it is intended to utilize in its e-methanol production biogenic CO₂ captured from Savon Voima’s energy production. Additionally, Savon Voima will use the waste heat produced by the P2X Solutions’ plant and transfer it to the Joensuu district heating network.
Photo of P2X Solutions
Press release https://p2x.fi/en/business-finland-provided-investment-grant-to-p2x-solutions-joensuu-plant/
