In France, DNV has successfully conducted a comprehensive technical due diligence to support Elyse Energy, an independent French company specializing in the production of low-carbon molecules, in securing a €120 million investment from Hy24, PGGM, Bpifrance, and Mirova.
The funds will support Elyse Energy’s sustainable fuel and low-carbon feedstock production projects in France and Spain, with a focus on e-methanol and sustainable aviation fuel. In line with France’s and Europe’s decarbonization and green reindustrialization objectives, including compliance with the ReFuelEU Aviation and FuelEU Maritime regulations, these initiatives aim to meet the increasing demand for decarbonization solutions in the aviation, maritime, and chemical industries. Collectively, they are projected to reduce CO2 emissions by approximately 700,000 tons annually by replacing fossil fuels with low-carbon alternatives. The first project is expected to be commissioned in 2028.
DNV provided an independent technical review of Elyse Energy’s four most advanced projects, assessing multiple critical aspects, including the organization’s structure, governance, project maturity, permit status, design, technology, power sourcing, offtake strategy, project schedules, and technical input to the financial model. Due to the complex nature of these projects, DNV’s team performed a detailed evaluation of project design, technology, and forecasted performance.
Tags: DNV, Elyse Energy, France
Category: Fuels
