Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

On 5 September 2022, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (“Merger Regulation”) by which P2X Europe GmbH & Co. KG, Germany (“P2X Europe”), and The Navigator Company, S.A., Portugal (“NVG”) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a pre-existing undertaking (the “JV”) to develop a power-to-liquid project in Portugal.

The primary business activities of the undertakings concerned are:

a) P2X Europe develops and implements commercial projects for the production of Power-to-X products. P2X Europe is also active at the wholesale level, both selling and purchasing Power-to-X products.

b) NVG is a Portuguese company active in the area of pulp and paper.

c) The JV shall develop, construct, operate, maintain and finance a vertically integrated, industrial scale power-to-liquid project. The JV shall commercialize and market power-to-liquid products such as synthetic intermediate products (e.g. syncrude and waxes) and synthetic net zero derivatives (e.g. e-kerosene).

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.