Proman will market the bio-methanol produced at the Varennes Carbon Recycling plant, which can be used as an alternative marine fuel.
Investment agreements in the biofuels plant have now been signed by Proman and its partners, Shell, Suncor, the Government of Québec, and Enerkem. According to Proman, the agreement could see it become ‘the largest marketer of bio-methanol globally’.
The plant is expected to ramp up to a production level of 100,000 tons of bio and circular methanol per year, using Enerkem’s proprietary technology to convert non-recyclable waste into sustainable methanol, which can then be converted to other low-carbon biofuels such as ethanol and gasoline.
This method is said to produce fuels with substantially less carbon intensity when compared to conventional fossil fuels, as well as ensuring that waste materials are recycled rather than being placed into landfill or burned. The bio-methanol produced has a wide range of possible applications in ground transportation, power generation and industry as well as a ‘viable’ alternative marine fuel.
The investment in Varennes Carbon Recycling marks Proman’s first investment in Canada.