Companies join forces for methanol project in Louisiana
C2X Ltd. and ENEOS Corporation, with support from A.P. Møller Holding and Maersk, have announced a $100 million investment to fund the final phase of the BLRE project in Alexandria, Louisiana, which will produce over 500,000 tonnes of green methanol annually.
The project will use SunGas’ industry-leading S-1000 gasification system to convert biomass into low-carbon methanol. It will also capture and permanently sequester approximately 1 million tonnes per year of surplus biogenic CO2 from the gasification process, generating carbon dioxide removal (CDR) credits.
Our collaboration represents not only a strategic partnership but also a shared vision for a more sustainable future,
… said Brian Davis, CEO of C2X.
The multibillion-dollar project aims to start construction in the second half of 2026 and will generate hundreds of direct and indirect jobs in the catchment area of the plant. It will also support the local forestry industry by providing an outlet for biomass that was previously used in paper mills that have closed over time.
Together, this new strategic partnership will enhance ENEOS’ low carbon activities to develop a world-scale business producing and marketing green molecules globally,
… commented Satoru Otatsume, General Manager, Low Carbon Solutions Department, ENEOS.
Content Original Link:
" target="_blank">
