P2X Solutions, a leader in green hydrogen and P2X technology, has received EUR 75,000 from the Bank of Land’s Baltic Sea Project for the SH2ORE study, which will support significant emission reductions in Baltic Sea maritime transport.
The study looks at carbon-neutral maritime propulsion options, as well as domestic production and business opportunities, as well as safety.
“The Baltic Sea needs new innovations and especially solutions with positive environmental impact potential. Therefore, it is important for us to support interesting initiatives like this,” says Anne-Maria Salonius, Director, Finnish Mainland Business Area, Bank of Åland and the Chair of the Baltic Sea Project.
The SH2ORE project, led by P2X Solutions, aims to provide objective research data to aid shipping companies and other industry operators in making future investment decisions. Furthermore, the research will allow P2X Solutions and other domestic green hydrogen producers to concentrate on developing the most scalable, environmentally friendly, and safe fuels for maritime transportation. As a result, the study strongly encourages the development of a low-carbon maritime value chain in the Baltic Sea region.
“The emission reduction potential in the Baltic Sea maritime transport is significant. Shipowners and other operators need a solid knowledge base to support their investments in carbon-neutral propulsion options, such as green hydrogen and derivative synthetic e-fuels, including e-methane, e-ammonia and e-methanol. Bank of Åland’s Baltic Sea Project funding enables the study of our SH2ORE project, which aims at sustainable and positive climate and environmental impacts in the Baltic Sea region,” says Herkko Plit, CEO of P2X Solutions.
An external contractor will carry out P2X Solutions’ study, which will be chosen based on bids. The research will be completed in the autumn of 2022.
