Home Energy company The Methanol Institute welcomes ABEL Energy as a new member company

The Methanol Institute welcomes ABEL Energy as a new member company

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ABEL Energy’s Power-to-X synthetic fuel projects promise to expand the availability of renewable methanol to meet the transportation and energy needs of tomorrow.

– Gregory Dolan, CEO, Methanol Institute

WASHINGTON, DC, USA, November 2, 2021 /EINPresswire.com/ – The Methanol Institute (MI) is pleased to welcome ABEL Energy as a new member company. ABEL Energy is proposing to build and operate a series of green hydrogen and methanol projects across Australia, using the country’s abundant solar and wind energy resources. When carbon is required as an input, ABEL Energy will use CO2 extracted directly or indirectly from the air, not carbon from the soil.

The company’s first project is under development in the port of Bell Bay in the Australian state of Tasmania, where virtually all of the electricity is produced by hydroelectric and wind facilities. The project received financial support from the Government of Tasmania and technical support from thyssenkrupp. The project’s expected production is 74,000 metric tonnes per year of green methanol, starting in 2024.

This will be the first step in ABEL Energy’s goal of producing 1 million tonnes per year of green methanol by 2030.

MI CEO Greg Dolan welcomed ABEL Energy to MI, noting that “MI is delighted to welcome such an innovative company to its ranks. ABEL Energy’s Power-to-X synthetic fuel projects promise to expand the availability of renewable methanol to meet the transportation and energy needs of tomorrow.

ABEL Energy co-founder and CEO Michael van Baarle said the company is excited to join MI and said: transforming green hydrogen from a difficult gas to handle into a simple and safe liquid simply by incorporating of atmospheric CO2. “

“It is now becoming clear that the role of net zero methanol will soon extend beyond current traditional applications to become a key component of future global energy systems, replacing oil and gas as the feedstock for plastics and drugs,” and providing clean, dense energy storage for off-grid energy users such as ships, mining operations and remote communities. “

Laurent Navin
Methanol Institute
+1 703-248-3636
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