Project Air is to receive €97m funding to accelerate carbon capture and utilisation (CCU) and sustainable methanol technology.
Representatives from Perstorp, Uniper and CINEA (European Climate, Infrastructure and Environment Executive Agency) met to officially sign the agreement granting the project support from the Innovation Fund.
Project Air is a combination of a CCU process for converting carbon dioxide (CO2), residue streams, renewable hydrogen and biomethane, which is to be applied for the first-of-a-kind, large-scale production of sustainable methanol.
The project is expected to lead to a marked decrease in greenhouse gas (GHG) emissions avoidance in comparison with conventional methanol synthesis, and could have far-reaching effects throughout the chemical and industrial value chains.
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