National funds from the Important Project of Common Interest (IPCEI) Hy2Use wave

EUR 60 million (USD 63 million) for a 40 MW electrolyzer being developed by P2X Solutions. Hydrogen will be combined with biogenic CO2 (from a power plant using biomass feedstock) to produce synthetic methanol. FID is expected in 2025 and the earliest date for commissioning is 2026. This is part of the Hy2Use wave approved at the EU level in September 2022. Funding was awarded by the Government agency Business Finland

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