Cement Australia and Mitsubishi Gas Chemical Partner to Develop Green Methanol from CO2

Cement Australia, a joint venture between Holcim and Heidelberg Materials, and Mitsubishi Gas Chemical Company Inc have entered into a partnership to explore the production and sale of green methanol from carbon dioxide captured at Cement Australia's Gladstone plant and green hydrogen. This project aims to advance Australia's 2050 net-zero targets by utilizing renewable electricity, replacing fossil fuels with hydrogen and oxygen, and reducing emissions.

Key Takeaways:

• The project aims to produce green methanol from CO2 captured at Cement Australia's Gladstone plant and green hydrogen, which can be used to create a range of products.
• The partnership is aligned with Queensland's Hydrogen Industry Strategy, which prioritizes the development of a green hydrogen sector in the Gladstone region.
• Cement Australia is committed to advancing Australia's 2050 net-zero targets through the deployment of green building materials and next-generation technologies, such as carbon capture and utilization.
• The project envisions selling green methanol to a wide range of consumers, promoting cross-industry initiatives between the public and private sectors.
• The partnership aims to create a market for domestically produced green products, spreading the benefits of CCU deployment across society while helping to build a decarbonized world.
• Cement Australia's Gladstone plant will serve as the ideal location for the project, leveraging the region's abundant renewable energy sources, existing infrastructure, and skilled workforce.
• The partnership's goal is to establish an approach to carbon capture and utilization (CCU) that can accelerate the transition to a net-zero future.

Statistics:

• Cement Australia's Gladstone plant captures CO2 emissions that will be utilized in the production of green methanol.
• The project aims to replace fossil fuels with hydrogen and oxygen, reducing greenhouse gas emissions.
• Queensland's Hydrogen Industry Strategy prioritizes the development of a green hydrogen sector in the Gladstone region.
• The partnership between Cement Australia and Mitsubishi Gas Chemical Co. aims to establish an approach to carbon capture and utilization (CCU) that can accelerate the transition to a net-zero future.
• Australia aims to achieve net-zero emissions by 2050.

Sources:

• MGC Mitsubishi Gas Chemical website: http://www.mgc.co.jp/eng/index.html
• Original source: Copyright Mitsubishi Gas Chemical Company Inc 2022.