Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) and the renewable energy company European Energy A/S (“EE”, Head Office: Søborg, Denmark) are working to expand the customer base and applications for the world’s first e-methanol. The e-methanol is produced at a plant that was established by Solar Park Kasso ApS, a subsidiary of a joint venture between Mitsui and EE, and is located in Kassø, Aabenraa Municipality, in southern Denmark.

The initial shipment of e-methanol produced under this project was supplied to Danish shipping giant A.P. Moller – Maersk in May 2025 for use as marine fuel. In the spring of 2026, the project also began to supply e-methanol for use in chemical products to the LEGO group, a leading toy manufacturer, and Novo Nordisk, a global healthcare company. The customer base continues to expand, which includes decisions to supply e-methanol as a Renewable Fuel of Non-Biological Origin (RFNBO) to leading European energy firm OMV for use as a land-based transportation fuel.

Mitsui has designated “Global Energy Transformation 2.0” as one of its key strategic initiatives in Medium-term Management Plan 2029, with the aim of expanding the range of low-carbon energy products while building an optimized value chain in line with the external environment and customer needs, both of which are changing rapidly. e-methanol is a low-carbon methanol produced by synthesizing green hydrogen generated using renewable energy-derived electricity with green carbon dioxide (CO2) derived from biomass. A key advantage of e-methanol is its high compatibility with existing infrastructure, such as methanol distribution networks and storage facilities. This allows it to contribute to decarbonization as a synthetic fuel for the transportation sector, including applications for which it has proved difficult to use green hydrogen alone, such as fuel for land transport and aviation. Demand is expected to expand across Europe, especially Germany, driven by policy frameworks such as the Renewable Energy Directive (RED III). By strengthening its supply capacity for low-carbon methanol, Mitsui will contribute to both the realization of energy transformation and the achievement of a sustainable society.

Company Profile







Official name
European Energy A/S


Head Office Location
Gyngemose Parkvej 50, 2860 Søborg, Denmark


Established
2004


Representative
Knud Erik Andersen, CEO / Co-founder


Number of employees
931 (as of March 31, 2026)


Business Activities
Founded in 2004, EE is an independent Danish renewable energy developer engaged in solar and wind power generation, as well as Power-to-X (PtX) projects. Since its inception, the company has developed and constructed approximately 4 GW of renewable energy capacity and currently operates in 28 countries. To realize the rollout of green energy on a global scale, EE maintains an active project pipeline exceeding 60 GW.


Website

https://europeanenergy.com/



Solar Park Kasso overview and e-methanol production flow

Solar Park Kasso overview and e-methanol production flow

PtX plant Solar Park Kasso

PtX plant Solar Park Kasso






Mitsui’s Materiality


“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified six material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Establish a foundation for sustainable and stable supply” and “Create a community coexisting with nature” and “Foster a well-being society”


Establish a foundation for sustainable and stable supply

Establish a foundation for sustainable and stable supply



Create a community coexisting with nature

Create a community coexisting with nature



Foster a well-being society

Foster a well-being society



Cultivate societies that respect human rights

Cultivate societies that respect human rights



Empower our people to build brighter futures

Empower our people to build brighter futures



Build an organization with integrity

Build an organization with integrity





This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui’s current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui’s actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui’s latest Annual Securities Report and Semi-annual Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

The information contained in this release is true and accurate at the time of publication; however, it may be subject to change without prior notice.