px Group is delivering continued growth and strong development of renewable energy activity across the Nordics, bringing momentum to the region's sustainability and energy transition goals.
In recent months, px group has signed five Letters of Intent (LOIs) to support major renewable energy infrastructure projects across Norway, Denmark, and Finland.
These include four green hydrogen/ammonia initiatives and one sustainable aviation fuel (SAF) plant. All LOIs cover full operations and maintenance (O&M) scope, with several also including owner's engineering and advisory services.
"There's still real momentum on the ground," says Raymond Smebye, px Group's Business Development Director for Scandinavia.
"While headlines suggest the opposite, we're seeing serious players pushing forward. They're refining business models and moving into execution planning."
One of the ammonia projects is linked to a floating concept, while others are tied to integrated or standalone production facilities. The SAF plant is still early in development but represents a vital step in decarbonising aviation.
Geoff Holmes, CEO of px Group, adds: "We're proud to be trusted partners on these projects. Developers choose px not only for technical know-how, but because we understand the complexity, risk, and expectations from regulators, investors, and the communities they serve."
px Group operates 16 industrial facilities across the UK, Ireland and Norway - including a wide range of process plants, with 6 categorised as high-hazard sites. These include gas processing plants, a medium-scale LNG facility, combined heat and power (CHP) units, plastic recycling and biomass sites. The company continues to invest in the energy transition while also maintaining critical infrastructure across the broader energy system.
"The question for 2025 isn't whether these technologies work," Smebye adds. "It's whether we, as an industry, can deliver them reliably, safely and affordably. That's the challenge - and the opportunity - we're embracing."
The statement reflects px Group's belief that successful delivery is not only possible, but fully achievable - with the right operational models, systems, and culture in place. As a proven operator across multiple sectors, px stands ready to help the next wave of renewable infrastructure move from vision to reality.
For more information, visit: www.pxlimited.com
CAP Raymond Smebye, px Group's Business Development Director for Scandinavia.
Media Contacts Neil McDonald (Mediazoo), neil@mediazoo.tv, 07428398402 Martin Getsov (Mediazoo), martin.getsov@mediazoo.tv, 07938491334
About px Group px Group is a fully integrated infrastructure solutions business delivering innovative management services for high hazard and highly regulated environments. px Group manages, operates and maintains some of the largest industrial facilities in the UK and in Norway, and owns the world-renowned Saltend Chemicals Park at the heart of the UK's Energy Estuary.
With over 25 years' experience, and operations in the UK in Norway, Germany and the Americas, px Group delivers end-to-end specialist services in operations & maintenance, engineering services and energy solutions across the industrial and energy infrastructure sectors.
About Ara Partners
Ara Partners is a global private equity and infrastructure investment firm focused on industrial decarbonization. Founded in 2017, Ara Partners seeks to build and scale companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Washington, D.C., and Dublin. Ara Partners closed its third private equity fund in December 2023 with over $2.8 billion in capital commitments. As of June 30, 2024, Ara Partners had approximately $6.3 billion of assets under management.
