Australian low carbon fuels and chemicals company HAMR Energy has teamed up with German technology and engineering company thyssenkrupp Uhde to promote the development of a green methanol project in Portland, Australia, to help decarbonize the shipping sector.
Under the two companies’ memorandum of understanding (MoU), thyssenkrupp Uhde will supply HAMR Energy’s flagship $AUD 2 billion ($USD 1.29 billion) Portland Renewable Fuels Project with its green methanol technology.
The large-scale project will integrate its PRENFLO gasification technology with uhde green methanol technology to convert forestry residue into high value green chemicals. The facility will produce 300,000 tonnes per annum of green methanol.
HAMR Energy’s Director David Stribley said the MoU is another step to achieving the company’s goal of having one million tonnes of green methanol under development by 2030.
The project is underway and is expected to be operational by 2029.
The Victorian Government is supporting the Portland Renewable Fuels project with $500,000 for a feasibility study through its Portland Diversification Fund.
Minister for Energy and Resources, Lily D’Ambrosio , commented: “The Portland Renewable Fuels Project will help us decarbonize the hard-to-abate shipping sector and accelerate the development of our renewable hydrogen and renewable fuels sector, while creating local jobs and supporting business in Portland and southwest Victoria.”