IGNIS P2X supported with €400m for sustainable fuel development

KKR will provide up to €400m ($428m) for the development of green hydrogen, ammonia and other green technology projects in collaboration with IGNIS.

Under the agreement, the two companies will equally share “IGNIS P2X,” the new power-to-X platform (P2X) that is planned to work in Spain and other locations across the globe.

IGNIS P2X will develop green hydrogen, ammonia, e-methanol, e-fuels and sustainable aviation fuels (SAF) production plants that serve industrial sectors and use traditional renewables.

The platform includes a pipeline of around 20GW of P2X projects across Spain and other selected countries, along with more than 10GW of advanced and early-stage renewables in Spain and additional renewable projects globally. Each project will be located near large off-takers.

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