February 28, 2024

MarineCurrents

Current Maritime News | Clean Energy

PROMAN launching renewable energy project

2 min read
marine-news-PROMAN launching renewable hydrogen-to-methanol project

From Proman

Proman will join nine other private- and public-sector partners on Wednesday 21 October to mark the launch of the renewable energy North-C-Methanol project. The project will be the largest renewable hydrogen-to-methanol complex in the world, contributing to improve the air quality process.

Today’s collaborative agreement is for the construction of two plants – a 65-MW electrolyzer fed by renewable power, and a methanol plant – on the Rodenhuize peninsula of the North Sea Port in Belgium. Together these two plants will form North-C-Methanol, which aims to reduce annual CO2 emissions by 140,000 tons while generating 44,000 metric tons of renewable methanol locally. This methanol can be used as a feedstock by the local chemical industry, and as a sustainable fuel for ships, road vehicles, and trains.

The methanol plant will use the green hydrogen generated by the 65-MW electrolyzer to convert the collected CO2 emissions of major local industrial players, such as ArcelorMittal, Alco Bio Fuel, and Nippon Gases, into green methanol. The North-C-Methanol project will be both Proman’s first methanol plant in Europe and its first renewable power to methanol plant globally.

Proman develops renewable energy solution, actively deals with the reduction of GHG emissions

A strong signal was given by IMO on the reduction of GHG emissions (greenhouse gases emissions) from ships. IMO has adopted mandatory measures to cut the CO2 intensity, achieve the target of carbon neutrality and overall, improve the air quality.

In response to the European Green Deal and the ambitious goals of the Paris Climate Agreement, this project will create a new circular economy in the North Sea Port area, with waste material from production sites utilized by other businesses. All by-products of methanol production, such as oxygen, heat, and water, will also be recycled locally. Over time, North-C-Methanol’s capacity could be increased from 65 MW in 2024 to 600 MW by 2030, with a planned expansion into new products including ammonia.

Proman CEO, David Cassidy, said of the project: “We are excited to further develop methanol’s potential as a clean fuel for the future. Green methanol presents a significant opportunity to bridge the gap from fossil-based to renewable energy, and this landmark project provides an exciting new model for sustainable, zero-waste production.”

This unique project, which brings together partners from across a range of sectors, demonstrates the potential of methanol as a renewable energy source. It reflects Proman’s commitment to exploring and investing in the methanol economy globally, and to developing sustainable and innovative energy projects. With methanol’s growing usage as a clean-burning marine fuel, this project also strengthens the great effort to reach carbon neutrality in the shipping industry.

Source Proman

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