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The Pacifico Mexinol project is expected to produce around 300,000 metric tons of green methanol and 1.8m metric tons of blue methanol per year
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The two companies plan to focus on yachts with lengths of 75 metres and above, which they believe offer ‘great potential’ for being powered by ‘green’ methanol
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The funding for the ChemCH2ange project will support the construction of a 100MW water electrolysis facility for green hydrogen production at the INEOS site in Köln
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It is hoping to have methanol-powered container ships ready to go by 2024 with the new investment
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They will replace older vessels and are expected to generate carbon savings of around one million tonnes annually
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The project could accelerate the decarbonisation of steel industry
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The scheme will start with two pilot projects in Assam and Maharashtra
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