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MEOH & Partners Launch U.K.'s First Biomethanol Bunkering Service
ZACKS· 2026-02-11 15:55
Core Insights - Methanex Corporation (MEOH), Exolum, and Orsted have launched the UK's first commercially ready biomethanol storage and supply service at the Port of Immingham, aiming to decarbonize the maritime sector despite delays in the International Maritime Organization's Net Zero Framework [1][3] Group 1: Collaboration Details - Exolum will provide storage and fueling infrastructure at its Immingham facility, while Methanex will supply the biomethanol, and Orsted will be the first to utilize the fuel for its North Sea offshore wind farm maintenance vessels [2] - This initiative exemplifies how existing energy infrastructure can be adapted to support sustainable fuels, showcasing the partners' commitment to low-carbon operations [2] Group 2: Environmental Impact - The launch is significant as it targets emissions in maritime operations, with domestic shipping contributing 4.7% of the UK's transport-related CO2 emissions, surpassing emissions from buses, trains, and domestic aviation combined [3][6] Group 3: Stock Performance - MEOH's stock has increased by 4.7% over the past year, contrasting with a 13.3% decline in the industry [3]
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]