Project AIR
The Perstorp Group (chemical industry) aspires to replace all fossil-based methanol which is used as a raw material for chemical manufacturing, with sustainable methanol. For this purpose, Project Air project aims to create a first-of-a-kind, large-scale sustainable methanol plant in Stenungsund, Sweden which will use captured CO2, green hydrogen and biomethane to produce methanol. The sustainable methanol plant is expected to start operating in 2026 reducing GHG by around 500,000 tons/year.
Project type:Capture
Participants:Perstorp Group Fortum and Uniper
Country:Sweden
Type of capture:Hard to abate industry (Chemicals)
IOGP members involved: No
Planned start of operation: 2025
CO2 capacity at start date: 0.5
CO2 capacity after completion: 0.5
Status: Early Development
Type of storage: Not applicable
Funding and support scheme:
Info related to the funding and support scheme: The European Union Innovation Fund has selected Project Air as one of 17 large-scale green tech projects to be granted more than EUR 1.8 billion. Project Air, has applied for EUR 97 million and the total investment is expected to amount to more than EUR 230 million. Project Air has also been allocated approximately EUR 30 million by the Swedish Energy Agency.
Notes:
Links: https://projectair.se/en/https://energypost.eu/project-air-building-a-first-of-a-kind-large-scale-sustainable-methanol-plant-for-the-chemicals-industry/