Plans are underway for the development of an
industrial-scale renewable power to methanol production facility to be located
in northern Scotland as part of an emerging industrial low carbon cluster in
the Cromarty Firth region. Global Energy Group, owners of the Nigg Oil Terminal
near Invergordon, will work with Proman, which would become the owner,
operator, and off-taker of the green methanol production facility.
The companies noted the growing interest in green methanol,
produced from recycled carbon dioxide and hydrogen with renewable electricity
as a renewable, liquid, product that can be used as a transportation fuel or as
a feedstock in the chemical industry. They believe that Scotland combines the
requirements of low-cost renewable energy and can utilize local sources of
captured CO2 to produce green methanol
“Green methanol presents a significant opportunity to bridge
the gap from fossil-based to renewable fuels as we move to a lower carbon
future and as such the production of and market for ‘green’ methanol from
sustainable sources such as waste, bio-mass or renewable energy is growing and
highly scalable,“ said David Cassidy, CEO of Proman. “As a global leader in
methanol production, we are actively investing and pursuing green methanol
projects to further develop methanol’s potential as a clean fuel for the
future.
The development of an industrial-scale renewable power to
methanol production facility with captured carbon dioxide to be provided from
local industrial sources will be known as the Cromarty Clean Fuels Project. The
team is now assessing the commercial, technical and financial viability of a
renewable power to methanol production and export facility with the ability to
store onshore at Nigg and load methanol to be exported on bulk carrier vessels
using the repurposed Nigg Jetty. The feasibility study is investigating how
project feasibility changes with scale, to determine the optimal scale for the
project.
“This plant will have the capability of harnessing excess
power to produce green methanol, which can then be used as an automotive or
shipping fuel or as a chemical building block in thousands of everyday
products,“ said Tim Cornelius, CEO of Global Energy Group. “Green methanol can
be made from many plentiful sources and with the efforts being made to capture
North Sea carbon dioxide, we hope to become an important customer and consumer
of projects such as the Acorn Project to produce clean fuels for the wider
maritime transport sector.”
The Cromarty Clean Fuels Project is subject to the
successful completion of the ongoing financial and technical feasibility
studies, and further development and financing of the project.