A large green energy project in Aalborg, Fjord PtX, has been delayed and significantly more expensive than initially assumed. The project, which is planned to produce 90,000 tons of green aviation fuel annually and provide heat for 11,000 households, was originally scheduled to be completed in 2028 with a capital investment of DKK 11-15 billion – now the estimate is DKK 15-18 billion, and the expected commissioning has been moved to 2030. This is reported by Nordjyske.
The hydrogen project will be located at the Nordjyllandsværket in Aalborg and requires investments from Copenhagen Infrastructure Partners (CIP) as well as approval from seven municipalities in North Jutland. However, the agreement with the municipalities is still missing, and only then can a final investment decision be made.
According to the think tank Kraka Economics, it is doubtful whether public investments in hydrogen-based aviation fuels are economically justifiable. This is shown in a not yet published note from the think tank.
- Aviation fuels are one of the most expensive ways to achieve CO2 reductions. Therefore, from an economic point of view, these should be some of the last reductions we make, says Anders Toftegaard Madsen, economist at Kraka Economics.
Mayor of Aalborg Municipality Lasse Frimand Jensen, however, rejects the criticism and maintains faith in the project's potential.
- We can produce almost four times Denmark's domestic aviation if we succeed in this. So, I think that is a pretty good business case, says Lasse Frimand Jensen, mayor of Aalborg Municipality.
Fjord PtX, which has Copenhagen Infrastructure Partners as its main investor, states that a final agreement is expected within a foreseeable time frame, and that the investment decision is expected to be made in early 2027, and the hope is to begin production of aviation fuel in 2030.
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