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Reuters: OCI Global doubles capacity as shipping industry seeks green methanol
OCI Global doubles capacity as shipping industry seeks green methanolBy Johannes Birkebaek
September 14, 2023 9:59 AM EDT
COPENHAGEN, Sept 14 (Reuters) - OCI Global (OCI.AS) the world's biggest producer of green methanol, plans to double the production capacity at its Texas facility to 400,000 metric tons per year, the company said in a statement on Thursday.
The Dutch green fuel-maker grows its capacity in response to a huge demand for green methanol from carbon emission-high industries like shipping, an industry responsible for around 3% of global emissions each year.
"We continue to see more and more realisation that methanol is the transportation sector's most viable solution and the easiest way to transport and use renewable hydrogen today," Bashir Lebada, CEO of OCI Methanol/HyFuels said in a statement.
Green methanol is produced either from biomass or captured carbon and hydrogen from renewable power sources.
…
September 14, 2023 9:59 AM EDT
COPENHAGEN, Sept 14 (Reuters) - OCI Global (OCI.AS) the world's biggest producer of green methanol, plans to double the production capacity at its Texas facility to 400,000 metric tons per year, the company said in a statement on Thursday.
The Dutch green fuel-maker grows its capacity in response to a huge demand for green methanol from carbon emission-high industries like shipping, an industry responsible for around 3% of global emissions each year.
"We continue to see more and more realisation that methanol is the transportation sector's most viable solution and the easiest way to transport and use renewable hydrogen today," Bashir Lebada, CEO of OCI Methanol/HyFuels said in a statement.
Green methanol is produced either from biomass or captured carbon and hydrogen from renewable power sources.
…