Linklaters assisted Japanese investment company Mitsui to acquire 49% of Kasso MidCo, the world’s first large-scale e-methanol business in Denmark from its parent company European Energy for an undisclosed amount.
The transaction also includes the acquisition of a solar plant and the connected e-methanol facility.
Linklaters energy and infrastructure partner Hirofumi Taba in Tokyo led the team advising Mitsui, with support from IP partner Paul Joseph. This “milestone transaction”, said Taba, “is a testament to the strong appetite for investment in the next-generation fuel value chain, in which we expect to see continued interest and new opportunities globally.”
The e-methanol project in Aabenraa, Denmark, will produce a maximum of 42,000 tonnes of fuel annually and be ready to operate in 2024. The company is finalising a water electrolyser for the 304MW solar power plant that will provide electricity for the facility.
The combination of green hydrogen and captured carbon dioxide produces e-methanol, and the process has the potential to mitigate CO2 emissions.
