Fortum consortium recieves €230m EU funding for green methanol


Project Air, a collaboration between Fortum, Perstorp and Uniper is taking the next steps in its plans to supply sustainable methanol for the European chemical sector, being selected for funding by the EU Innovation Fund in its latest wave.

When complete, the project could remove at least 1% of Sweden’s total emissions, by eliminating fossil fuels as feedstock in methanol production in favour of bio-based and recycled alternatives.

This equates to around 500,000 tonnes of carbon-equivalent emissions. The plant is set to be built at Perstorp’s existing facilities in Stenungsund, converting CO2, residue streams, renewable hydrogen and biogas to methanol.

This could see use in a variety of products requiring chemicals, including mobile screens, paints to the fabrics in our clothes.

Perstorp CEO Jan Secher said the investment marks an “important milestone” in Sweden’s decarbonisation efforts and for his company. As it exists “upstream” in the supply chain, a domino effect is that it would also make other products “downstream” greener.

(Source: Industry Europe, July 14-2022)

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