Perstorp is moving forward with a project to build a sustainable methanol plant in Sweden. The Project AIR was announced in November 2020 and aimed to use captured CO2 and other residue streams as feedstock to produce methanol at a large scale. According to Perstorp, the plant could reduce CO2 emissions by 500,000 tons/year by 2025. It would feature a new electrolysis unit that uses biogas to produce 200,000 tons/year of sustainable methanol. It will replace Perstorp’s fossil-based methanol for European markets.
The project has entered the next stage in an evaluation process to determine whether it can receive investment assistance from the EU Innovation Fund. According to the EU fund, Perstorp’s methanol project demonstrates the flexibility to use different raw materials, including bio-methane, CO2 effluent streams, and refinery tail gas, to produce methanol. Besides, it can produce circular methanol by utilizing recycled carbon and captured CO2. Its electrolysis unit will also use wastewater as feedstock instead of municipal water.
