Greenfield Global and European Energy sign joint venture to establish a platform for large-scale e-methanol production in Québec, Canada

Agreement between Greenfield Global and European Energy establishes a joint platform for e-fuels development in Québec, combining Greenfield’s industrial infrastructure and biogenic CO₂ resources with European Energy’s proven renewable energy and Power-to-X expertise.

- The planned facility will have an annual production capacity of 48,000 tonnes of e-methanol, combining renewable electricity with biogenic CO₂ from Greenfield Global’s existing ethanol operations.

- The project builds on European Energy’s experience from its operational Kassø e-methanol facility in Denmark, bringing proven Power-to-X expertise to the North American market.

- With preliminary engineering studies complete, the companies will begin commercial discussions with offtakers immediately.

Montréal, Canada / Copenhagen, Denmark — October 29, 2026 — Greenfield Global and European Energy today announced a joint venture (JV) agreement to develop an e-methanol project adjacent to Greenfield’s existing ethanol facility near Montréal, Québec. The agreement builds on a memorandum of understanding the two companies signed in 2025 and establishes a joint company through which Greenfield Global and European Energy intend to produce e-methanol for a variety of markets.

The project is designed to supply e-methanol to a range of markets, including those requesting European Renewable Fuel of Non-Biological Origin (RFNBO), maritime fuels, and renewable polymers. The e-methanol will meet RFNBO requirements, offering a fuel alternative with deep emissions reductions.

The collaboration builds on complementary strengths. Greenfield Global contributes an established operating site, industrial infrastructure, and biogenic CO₂ supply, while European Energy brings significant renewable energy and Power-to-X development, commercial, and operating experience. That experience includes the Kassø facility in Denmark, the world’s first large-scale commercial e-methanol facility, with an annual production capacity of 42,000 tonnes.

“Demand for low-carbon fuels and chemicals is growing, but supply will follow only where projects are both good for the planet and good business. Greenfield Global and European Energy share a commitment to building projects that deliver reliable, scalable solutions for companies seeking sustainable blendstocks and raw materials,” said Howard Field, Chief Executive Officer of Greenfield Global. “We believe symbiotic partnerships are how profitable renewable fuel and chemical ventures are built, and this project is a prime example of that.”

Knud Erik Andersen, Chief Executive Officer of European Energy, said, “Our experience from Kassø in Denmark has demonstrated what it takes to bring e-methanol production from ambition to industrial reality. The next step is to build on that experience, replicate successful models and develop projects in markets with the right conditions for long-term growth. Our partnership with Greenfield Global reflects this strategy and our ambition to play a leading role in developing the global market for e-fuels.”

“Together with Greenfield Global, we see an opportunity not only to develop a competitive e-methanol facility in Québec, but also to establish a strong platform for future growth across North America,” said Andersen.

The location in Québec was selected for its attractive fundamentals for e-fuels production, including some of the lowest-cost, lowest-carbon-intensity hydroelectricity in North America. Greenfield’s fuel ethanol distillery on site generates a high-quality stream of biogenic CO₂ from fermentation, giving the e-methanol project a contracted, reliable, and cost-competitive e-fuels feedstock pathway. The site also benefits from established industrial infrastructure, export routes to both European and domestic markets, and a policy environment supportive of low-carbon industrial investment. As a long-standing operator in Québec, Greenfield is well positioned to advance another project that also supports regional economic development. Together, these attributes provide a solid foundation for the project.

With preliminary engineering studies complete and grid connection construction underway, the companies will begin commercial discussions with offtakers immediately. They will share further details as the project progresses.

About Greenfield Global

Greenfield Global is a leading producer of high-purity ethanol, specialty solvents, bioprocessing solutions, and biofuels, serving the life sciences, pharmaceutical, food and beverage, personal care, and renewable energy markets worldwide. With multiple distilleries, a globally integrated supply chain, and deep expertise in the sourcing, testing, blending, packaging, and distribution of high-purity alcohols, critical bioprocessing inputs and low carbon intensity biofuels, Greenfield Global supplies customers with unmatched quality, reliability, and support. Privately held for more than 35 years, Greenfield Global advances solutions that support human health, industrial progress, and the transition to a more sustainable future. Learn more at greenfield.com.

About European Energy

European Energy is a renewable energy company headquartered in Copenhagen, Denmark, developing, constructing and operating integrated renewable energy solutions. Founded in 2004, the company operates in more than 20 countries and manages projects throughout their full lifecycle, from development and construction to operation and divestment.

European Energy is also active in the development and production of green fuels through Power-to-X with two plants in commercial operation. The company is the majority owner and operator of the Kassø Power-to-X facility in Denmark, the world’s first large-scale commercial e-methanol facility, with an annual production capacity of 42,000 tonnes. Learn more at europeanenergy.com.

Media Contacts

Greenfield Global
INK Communications Co.
greenfield@ink-co.com

European Energy

Ming Ou Lü
PR Manager
+45 3126 9376
miol@europeanenergy.com