This strategic investment aims to support the creation of a flexible hydrogen economy that can absorb the intermittency of offshore wind power production, that will empower offshore wind expansion and enhance regional energy security.

The project of this magnitude will constitute significant GDP increase and create a large number of construction jobs during development and long term sustainable operations jobs in Estonia.

The produced bio- and e-methanol has the potential to save 1 million tonnes of CO2 per year by decarbonizing chemical production, maritime fuels, aviation fuels and other hard to decarbonize industries, both domestically and abroad.