MOSCOW (MRC) -- Perstorp has received funding from the EU Innovation Fund for a joint initiative for large-scale production of sustainable methanol, said the company.
Project Air, developed by Perstorp and energy major Uniper was awarded €97m by the Commission’s European Climate, Infrastructure and Environmental Executive Agency (CINEA) to develop technology enabling carbon neutrality in the chemicals industry.
Capacity for Project Air will be built at Perstorp’s existing facilities in Stenungsund, Sweden, strengthening the sustainable chemicals cluster in the region. This initiative will combine carbon capture and utilisation (CCU) processing for converting carbon dioxide (CO2), residue streams, renewable hydrogen and biomethane and apply this to the first large-scale sustainable methanol plant of its kind.
The project is expected to lead to a 123% relative decrease in greenhouse gas (GHG) emissions avoidance, in comparison with conventional methanol synthesis. Currently, 52 projects across 16 countries are supported by the Innovation Fund aiming to meet the European Green Deal’s target of carbon neutrality.
We remind, Perstorp moves to make more eco-friendly polyols at Swedish site. Perstorp, a Sweden-based speciality chemicals provider, is transforming a huge majority of the polyols generated at their largest production facility in Perstorp, Sweden, to 'Pro-Environment' products. It will convert all base polyols prepared at its Perstorp unit - neopentyl glycol (Neo), pentaerythritol (Penta), and trimethylolpropane (TMP) - to 'Pro-Environment'.