Magnon teams with Power2X and ErasmoPower2X for Spanish e-methanol plant

In Spain, Magnon, a renewable energy company subsidiary of the Ence group, Power2X and ErasmoPower2X have signed an agreement to explore the development of an e-methanol plant at Magnon’s industrial complex in Puertollano, Ciudad Real.

Around 380,000 metric tons of biogenic CO₂ will be captured each year, which is equivalent to the amount of carbon captured annually by around 15 million trees, enabling, amongst others, the annual production of 200,000 tons of synthetic methanol. This non-fossil feedstock enables the decarbonization of hard-to-electrify sectors such as aviation, shipping and chemicals.

As part of the initial phase of the agreement, the parties will jointly conduct a detailed feasibility study of the carbon capture and e-methanol synthesis. Magnon will oversee the integration of carbon capture into its existing biomass plant, while Power2X and ErasmoPower2X will manage the hydrogen supply integration.