px Group, a leading infrastructure solutions business and operator has announced that it has been appointed as Operator at GIDARA Energy’s flagship Bio-Methanol plant in Amsterdam. The plant, plans for which were revealed last year by GIDARA Energy and is due to become operational in 2024, is GIDARA Energy’s advanced biofuels facility and will convert non-recyclable waste into advanced methanol.
The plant, known as Advanced Methanol Amsterdam, is situated in the BioPark, an industrial area in the Port of Amsterdam created exclusively for the production of renewable fuels. px Group previously assisted GIDARA Energy with the project’s FEED (Front End Engineering Design) phase. Reportedly, the company will later take on responsibility for the AMA plant’s Operations and Maintenance (O&M). px Group has also registered a Dutch entity, px Netherlands BV, for this project and anticipated future project work with GIDARA at other key industrial locations in the Netherlands.
Both px Group and GIDARA Energy are backed by Ara Partners, a private equity company that specialises in investing in businesses, technology, and assets that have the ability or potential to cut carbon emissions in the industrial sectors significantly. Ara Partners acquired px Group in 2021. GIDARA Energy was founded in 2019 as a joint venture between Ara and G.I. Dynamics.