'Transforming the chemicals industry' | Large-scale green methanol plant in Sweden receives €97m of EU funding
Project Air will 'break the sector’s dependence on fossil fuels', by combining renewable hydrogen with biomethane and captured carbon dioxide
Hydrogen: hype, hope and the hard truths around its role in the energy transition
Uniper and Perstorp hope that their facility will up and running by the end of 2025, bringing “far-reaching effects throughout many industrial value chains”.
“Project Air has the potential to transform the chemical industry. It can happen now,” says the project website.
The use of biomethane and carbon capture meets the production process can be carbon-negative, due to the plant used to make the biogas absorbing CO2 from the air as it grows.
“Today marks an important milestone, not just for Project Air but for the chemical industry, as we are now demonstrating that it is possible to break our industry’s dependence on fossil fuels,” said Perstorp Group CEO Jan Secher.
Pointing to Europe’s “unprecedented energy squeeze”, David Bryson, chief operating officer at Uniper,” added: “We need to substitute fossil resources with sustainable alternatives to achieve climate neutrality, and from that perspective Project Air is a game-changer for the transition of the chemical industry.”
The EU Innovation Fund, which is run by the EU’s European Climate, Infrastructure and Environment Executive Agency (Cinea), is 100% financed by the bloc’s Emissions Trading System.
Finnish energy giant Fortum was a partner in the project until December, when it sold all its shares in Uniper and discontinued all renewables and hydrogen co-operation activities with the German company.
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