Launched today (21 October), the North-C Methanol project aims to develop ‘world-class’ infrastructure to reduce CO2 emissions by 140,000 tonnes annually and produce 44,000 tonnes of green methanol as feedstock for local industry and as fuel for ships and trains.
Part of the North-CCU-Hub programme, the North-C-Methanol project was signed by 10 private- and public-sector partners, representing an investment of €140 million. The private partners, together with PMV, which provides funding for Flemish businesses, will contribute a large part of the investment, and Flemish and European support is also being looked at.
The scope of North-C-Methanol covers the construction of two large-scale demo plants and supporting infrastructure on the Rodenhuize peninsula in North Sea Port. The first plant, a 65-MW electrolyser, is being erected on the ENGIE site. This hydrogen plant will convert water into green hydrogen and oxygen using wind power.
The second plant, a Proman methanol plant on the Rodenhuize peninsula, will use this green hydrogen to convert the collected CO2 emissions of major local industrial players, such as ArcelorMittal, Alco Bio Fuel and Yara, into green methanol, also known as renewable methanol. The local chemicals and renewable fuel industries, such as Cargill, can in turn use the methanol as a ‘green’ raw material and/or as a green fuel for marine vessels and railroads.
‘We are excited to further develop methanol’s potential as a clean fuel for the future,’ said David Cassidy, CEO of Proman, one of the ten project partners. ‘Green methanol presents a significant opportunity to bridge the gap from fossil-based to renewable energy.’
The 10 project partners are:
- Mitsubishi Power
- North Sea Port
- POM Oost-Vlaanderen
- Alco Bio Fuel