French low-carbon investment company, Falkor, has joined forces with power-to-fuel developer, Liquid Wind to replicate eMethanol facilities in France and Southern Europe.
Under the terms of deal, Falkor has become a minority equity investor and co-development partner with Liquid Wind and is now seeking a site and supplier of biogenic carbon dioxide for the first eMethanol facility in France.
As informed, each standardised facility will combine biogenic carbon dioxide emissions with green hydrogen, producing 50,000 tonnes of eMethanol per year and preventing the emission of 100,000 tonnes of new carbon emissions.
A liquid fuel, eMethanol is said to reduce maritime carbon emissions by 94%, enabling carbon neutral shipping.
“Electro-fuels play an essential role in providing viable solutions to the sectors that are the most difficult to decarbonize. They offer a credible and concrete way to utilise green hydrogen,” Pascal Penicaud , Falkor’s chairman commented.
As a company that is developing financing, building, and managing replicable facilities for the production of eMethanol, Liquid Wind will also license the facility models and their intellectual property to selected partners, so that the facilities can produce renewable liquid fuel in their local region, according to the statement.
“The world needs cleaner fuel in significant volumes, fast. By combining our replicable digital model with local expertise, we can accelerate the sustainable energy transition,” Claes Fredriksson, CEO and Founder, Liquid Wind concluded.
In March, Liquid Wind joined the Methanol Institute, following its goal to scale up rapidly to meet the growing demand for renewable methanol.
Its consortium partners, Alfa Laval, Carbon Clean, Haldor Topsoe and Siemens Energy, the company plans to set up 6 facilities across Scandinavia by 2030, and then scale up to 500 facilities by 2050 and license the technology internationally.
The new facilities will capture waste carbon dioxide (CCU) and combine this with hydrogen, made from renewable electricity and water, to produce eMethanol.
Methanol has been described as a new solution that ticks all the boxes, with 2020-compliant SOx, NOx, and PM emissions and providing a path for a carbon-free future for shipping.