Everfuel has planned the development of the HySynergy Phase II, a 300 MW electrolyzer and Power-to-X (PtX) facility, adjacent to the Fredericia refinery. The HySynergy Phase II involves a significant scale-up in the production of green hydrogen, planned for a complementary use in both zero-emission hydrogen mobility and as a green feedstock to various fuel refining processes. Upon its realization, the combined facility will have the capacity to lower the Danish land-based transport sector-related carbon dioxide (CO2) emissions by nearly 5% already by 2025, directly contributing to the Danish government objective of reducing CO2 emissions by 70% by 2030.
Everfuel has commenced further dialogue with public and private stakeholders and has applied for project funding under the Important Projects of Common European Interest (IPCEI) scheme for the development of large-scale hydrogen projects. The target is to bring the HySynergy Phase II to a final investment decision (FID), subject to regulatory approvals and funding, by late 2022, with commissioning in late 2024. The expected project budget is up to DKK 1.9 billion, equivalent to US$312.4 million.
The company is currently developing the HySynergy Phase I 20 MW electrolyzer next to the Fredericia refinery. The final regulatory approval is expected to be completed before summer 2021, with the start of construction planned for the third quarter.
