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  4. Methylennium Energy receives investment from The Process Group LLC

Methylennium Energy receives investment from The Process Group LLC

Published by , Assistant Editor
Global Hydrogen Review,

Methylennium Energy (MLE) has received an initial investment of cash and in-kind engineering design services from The Process Group LLC. MLE is offering a platform for production of cost-competitive carbon-neutral e-methanol from waste CO2 and renewable hydrogen.

Green methanol and its derivative net-zero-carbon fuels provide a pathway to address sustainability in large-scale transportation applications such as aviation and trans-ocean shipping. The advantages of the Methylennium process are:

  • Flexible methanol synthesis reactor and process enables the use of intermittent power sources.
  • Behind-the-meter power integration increases yield per installed MW of renewables.
  • Cost targets for grid-independent e-methanol are in the range of US$500/t to US$1000/t.

John Reardon, CEO, The Process Group LLC (TPG), said: “When TPG learned about innovations for grid-independent production of green methanol with novel power integration and flexible reactor technology, I urged that TPG moves quickly to invest in the MLE green methanol platform.”

Max Lyubovsky, Founder and CEO of Methylennium Energy Corp., said: “The Process Group’s experience and outstanding capabilities in process development, chemical reactor design, scale-up, and process control will provide a strong boost to Methylennium Energy Corp’s effort to commercialise green methanol production for use in world-scale ocean shipping and as feedstock for sustainable aviation fuel (SAF).”

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/15112023/methylennium-energy-receives-investment-from-the-process-group-llc/

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