Biofuel specialist GIDARA Energy and Linde Gas subsidiary OCAP have been granted a sustainable energy transition subsidy scheme (SDE++) worth up to €110m euro for carbon capture and distribution at the Advanced Methanol Amsterdam (AMA) facility in the Netherlands.
The SDE++ grant scheme is designed to help the Dutch Government hit net zero carbon dioxide (CO2) targets by 2050 by providing companies with financial assistance depending on the renewable energy produced and the technology used to produce it.
By doing this, the Government hopes to ensure that a nationwide 55% reduction of CO2 emissions remains on track by 2050.
Following the conversion of 180,000 tonnes of local non-recyclable waste that is currently being incinerated, AMA will produce around 90,000 tonnes of renewable methanol, resulting in a minimum of 84,000 tonnes of green CO2 that will be captured and distributed to greenhouses by OCAP.
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