Workflow
biomethanol
icon
Search documents
Haffner Energy Enters a Major Biomethanol Project in California with an Initial Contract
Globenewswire· 2025-11-12 17:00
Core Insights - Haffner Energy has entered a significant biomethanol project in California, marking its first engagement in the US and a strategic move in its international growth and renewable fuels deployment [1][2] Company Overview - Haffner Energy specializes in designing, manufacturing, supplying, and operating biofuel and hydrogen solutions using biomass residues, with a focus on decarbonizing industry and mobility [8] - The company utilizes innovative thermolysis technology to produce Sustainable Aviation Fuel, renewable gas, hydrogen, and methanol, contributing to environmental regeneration through biogenic CO2 and biochar co-production [8] Project Details - The project involves the integration of Haffner Energy's SYNOCA® 20MW module into a 100 tonnes/day biomethanol facility, utilizing Maverick Synfuels' syngas-to-methanol conversion technology [1][5] - The initial contract includes a Carbon Intensity (CI) study to be conducted by an independent third party, marking the first milestone in the collaboration [1][6] - The biomethanol produced will primarily be used to decarbonize maritime transport, which is a significant sector in California's economy, with the plant expected to be commissioned by early 2028 [7] Collaboration and Technology - The project is a collaboration between Haffner Energy, OroCarbo, and Maverick Synfuels, with each company bringing expertise in biomass conversion and renewable fuel technologies [4][6] - OroCarbo aims to utilize local biomass resources, including forestry residues and agricultural waste, to meet the project's production targets [3][4] Market Context - Renewable methanol is emerging as a competitive alternative for decarbonizing maritime transport and chemical industries, as well as serving as a hydrogen carrier [2]
What's Going On With Plug Power Stock On Thursday? - Plug Power (NASDAQ:PLUG)
Benzinga· 2025-10-23 16:03
Core Insights - Plug Power has launched a new hydrogen ecosystem at Floor & Decor's distribution center, marking a significant expansion in its clean-energy initiatives [1][2] - The hydrogen-powered system will replace traditional lead-acid batteries and support 77 pieces of equipment, significantly reducing CO₂e emissions [3][4] Group 1: Hydrogen Ecosystem Deployment - The installation includes a 10,000-gallon liquid hydrogen tank, compressors, vaporizers, and a high-volume dispensing network [3] - The new setup is expected to cut over 400 metric tons of CO₂e emissions annually, equivalent to avoiding the combustion of 45,000 gallons of gasoline [3][4] - The only emission byproduct is water vapor, with approximately 300 liters (80 gallons) of water generated daily for facility maintenance [4] Group 2: Partnership and Operational Efficiency - The partnership with Floor & Decor highlights the reliability and performance of Plug Power's GenDrive systems in retail distribution [4][5] - The system is designed for energy efficiency and operational flexibility, allowing for easy capacity expansion and resilience during power interruptions [5] - Plug Power's end-to-end hydrogen solutions align with Floor & Decor's commitment to operational efficiency [5] Group 3: Renewable Energy Initiatives - Plug Power has announced a collaboration with Edgewood Renewables to develop a renewable fuel production facility in North Las Vegas [6] - The facility will convert biomass into sustainable aviation fuel, renewable diesel, and biomethanol, promoting clean energy adoption in heavy industries [6] Group 4: Stock Performance - PLUG stock has increased by over 39.66% in the past year, although it was trading lower by 0.51% to $2.905 recently [7]