Verde Clean Fuels announces participation in consortium awarded US DOE funding

Under the award, TDA will design a direct air capture (DAC) process for sourcing of CO₂ from the atmosphere and lead the integration of the DAC with the methanol plant. Verde plans to design and model the methanol production unit using its STG+ technology, with the goal to utilise CO₂ from the DAC, and hydrogen from a carbon-free source, to produce green methanol. Several other consortium partners will also contribute. The University of Colorado – Denver will carry out a lifecycle analysis using process input from TDA. As reflected in the overall project plan, TDA and Verde Clean Fuels plan to complete conceptual design and review the technoeconomic and technology gap analyses and develop the technology maturation plan.

The award and project period will last to the end of calendar year 2024. Total funding under the award to the consortium is US$400 000. An additional US$100 000 is expected to come from non-DOE sources, for aggregate funding of up to $500 000 for the project. Based on the results of the study, other project phases may follow.

“We are thrilled for the opportunity to showcase our STG+ technology in a system we believe could include direct air carbon capture and green hydrogen to make a liquid fuel. This opportunity allows us to participate in an exciting, leading edge project of e-fuel technology development, and we look forward to working together with all of our consortium partners,” said Ernest Miller, CEO of Verde. “Energy transition requires not only new technologies, but new ways of thinking. This funding award from the DOE supports both – combining new technologies in novel ways to investigate decarbonisation of methanol production. This is an exciting opportunity, and one we are proud to be a part of.”

As methanol is a broadly used chemical feedstock, the company expects that green methanol will play a vital role in decarbonising the chemical industry. Also, when used as a liquid fuel, green methanol may be one of the most viable renewable fuel options for the maritime industry.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/23042024/verde-clean-fuels-announces-participation-in-consortium-awarded-us-doe-funding/