Dutch Company OCI Global To Double Its Green Methanol Capacity in US
Dutch company OCI Global is to double its green methanol production capacity in the US to 400,000 tonnes per year ahead of 2025. According to the company, demand for green methanol from high-emissions industries will grow by more than six million tonnes by 2028.
The green methanol will come from a mix of renewable feedstocks including renewable natural gas (RNG), green hydrogen and other over-the-fence feedstock partnerships, according to OCI. The product will principally be used as a fuel blend in place of petrol, used for shipping and heavy industry.