KKR and IGNIS have collaborated to launch the IGNIS P2X platform, focusing on green hydrogen, ammonia, and other sustainable technologies for challenging-to-decarbonize industrial sectors. IGNIS P2X aims to develop projects near major consumers to facilitate decarbonization efforts in industries such as refining, steel, and chemicals. With KKR's investment of up to 400 million euros, IGNIS P2X will own 50% of the new entity and commence with a global pipeline of P2X and renewable projects. The platform plans to create around 20 GW of P2X projects in Spain and selected countries, along with over 10 GW of advanced renewable projects. Executives from both firms are optimistic about the potential impact of IGNIS P2X, highlighting its role in reducing carbon emissions and promoting sustainable practices in heavy industries. This strategic partnership signifies a significant step forward in green technology development, positioning IGNIS P2X as a key player in driving the transition to a greener, more sustainable economy.