EE North America (EENA), a developer of renewable energy and power-to-X projects, partnered with Montauk Renewables Inc. to transform biogenic CO2 into e-methanol, providing shippers with a cleaner fuel option.
The companies signed a contract for the delivery of 140,000 tons per year of biogenic CO2, according to a Feb. 14 news release. As part of the agreement, Montauk will capture, clean and liquify CO2 at select Texas facilities and truck it to EENA’s e-methanol facility in Texas. At the Texas facility, the liquified CO2 will be synthesized with green hydrogen to create e-methanol.
“As we pioneer the clean energy transition, it’s imperative to forge alliances that drive real change,” said EENA CEO Lorena Ciciriello. “Our collaboration with Montauk is more than a transaction; it's a shared commitment to a sustainable future.”
In addition to serving as a cleaner fuel option for the shipping industry, EENA said the e-methanol can be used as a raw material for sustainable green plastics. Plus, it can be blended with traditional fossil fuels for use by heavy-duty vehicles.
“This endeavor is more than revenue generation and diversification, it is forging a relationship to actively fight against climate change,” Montauk CEO Sean McClain said.
Recommended Reading
Oceaneering Won $200MM in Manufactured Products Contracts in Q4 2023
2024-02-05 - The revenues from Oceaneering International’s manufactured products contracts range in value from less than $10 million to greater than $100 million.
E&P Highlights: Feb. 5, 2024
2024-02-05 - Here’s a roundup of the latest E&P headlines, including an update on Enauta’s Atlanta Phase 1 project.
CNOOC’s Suizhong 36-1/Luda 5-2 Starts Production Offshore China
2024-02-05 - CNOOC plans 118 development wells in the shallow water project in the Bohai Sea — the largest secondary development and adjustment project offshore China.
TotalEnergies Starts Production at Akpo West Offshore Nigeria
2024-02-07 - Subsea tieback expected to add 14,000 bbl/d of condensate by mid-year, and up to 4 MMcm/d of gas by 2028.
US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks
2024-02-09 - Despite this week's rig increase, Baker Hughes said the total count was still down 138 rigs, or 18%, below this time last year.