The European Union Innovation Fund has selected Project Air as one of its green tech projects to be granted more than €1.8bn.
Project Air, a collaboration between Perstorp, Fortum and Uniper, aims to build a sustainable methanol production facility.
The consortium behind the Sweden based project, has applied for €97m and is one of 17 large-scale green tech projects to be granted more than €1.8bn.
With methanol heavily used in the chemicals industry, the facility will use recycled and bio-based feedstock enabling sustainable chemical products to a large variety of industries and end products.
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