One step closer to biomethane production in the port in Malmö
In 2024, CMP entered into a partnership with Green2x focused on the design, establishment, and operation of what is expected to become one of the world’s largest biofuel plants in Norra Hamnen, Malmö. The establishment will significantly contribute to the transition to fossil-free energy while creating job opportunities. The ambition of the collaboration is to ensure a sustainable energy supply, foster local growth, and support decarbonization.
Through Green2x’s technology, energy is extracted from straw left after harvest, enabling biogas production on an entirely new scale. Straw contains a high energy content, and the technology allows for extraction with over 95 percent efficiency.
Green2x has now secured investments of more than DKK 100 million from, among others, Norway’s Equinor and the Danish state-owned investment fund Eifo. These investments make it possible to begin construction of a pilot plant for biogas production on the island of Møn in Denmark. The pilot plant will further develop Green2x’s technology and serve as the basis for designing the planned facilities in Malmö and Vordingborg. This plant is therefore the first step toward large-scale production of unsubsidized biogas in the port in Malmö.
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Originally published on 25 Nov
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The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.
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Originally published on 27 Jan
The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.
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Originally published on 21 Jan
Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.
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Originally published on 15 Jan
US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
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Originally published on 14 Jan
Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct