Glocal Green and Norwegian Hydrogen have entered into a concrete cooperation agreement to develop and establish a hydrogen product project to supply hydrogen to Glocal Green's planned bio-methanol plant.
The plant will produce bio-methanol from low-grade biological residual materials and byproducts from the forestry, agriculture, and marine sectors. By adding hydrogen into this production process, Glocal Green can utilize all of the green carbon and experience a volumetric doubling in methanol production, producing what is termed "bio-e-methanol."
By combining bio-waste and hydrogen, this bio-e-methanol production process contributes to optimal energy utilization that provides a positive yield to the input power. The result is a green liquid hydrogen carrier that is able to perform at a competitive price and contribute to the green transition.
"A two-year study and dialogue between us have today resulted in a joint commitment to hydrogen production in connection with Glocal Green's methanol production units. It has crystallized into a clear win-win model between the parties, and in addition, this efficiency will benefit all other parties along this holistic value chain, and not least the market," said Dag Nikolai Ryster, CEO of Glocal Green.
The market for this green methanol continues to grow, both in the chemical industry and as a replacement for fossil fuels in the maritime and aviation sectors. To meet these demands, the partners have set the goal to produce 150,000 tons of bio-e-methanol annually, which will also involve the local production of 15,000 tons of green hydrogen from electrolysis.
"This collaboration marks a significant step forward for the considerable synergies inherent in the co-location of hydrogen and bio-methanol production. By combining our resources and expertise, we can offer sustainable solutions that meet the increasing demand for green fuels," said Jens Berge, CEO of Norwegian Hydrogen.
