\t\t\tAbout the project<\/p>\n
The GREEN MEIGA project will receive \u20ac122.9 million of funding to produce 100,000 tonnes\/year of e-methanol.<\/p>\n
This project has been conceived as a door-opener in the sector, which will help unlock future investments in e-methanol. This will be the result of generating an enriching know-how and unquestionable Highly Competitive Outcomes in three technological areas that will spearhead the mass deployment of e-methanol technology in the coming years. These Highly Competitive Outcomes comprise the following: enhanced production performance (Highly Competitive Outcome 1); improved operational flexibility (Highly Competitive Outcome 2); and competitive production costs (Highly Competitive Outcome 3). For this, the project will develop novel concepts and technologies that cluster in a single integrated system, as an all-in-one, high-tech, e-methanol processing solution, which will be capable of avoiding 2,901,078.24 tonnes (t) of CO2 emissions (CO2eq) thanks to its integration in a unique business case.<\/p>\n
The GREEN MEIGA project will have access to a relevant uncovered market share, reinforcing the market positioning of IBERDROLA and FORESA as key players of the e-methanol industry. The strong commitment of both companies allows them to set out such an ambitious path, which will follow in the forthcoming years with a replicability plan, reaching more strategic and carefully-selected sites. GREEN MEIGA initiated its strategic initiative by launching an ambitious and challenging industrialisation roadmap, designed as synonymous with a guarantee to ensure a reliable market take-up of the solution by the year 2027. To that end, the Company has formalised its nomination to the IF-LS programme to support the great investments required for the construction and operation of a commercial high-tech solution capable of producing 100,000 t\/y of e-methanol by generating 20,000 t\/y of green hydrogen and capturing 152,698 t\/y of CO2. This translates into a reduction of 2,901,078.24 tCO2eq\/y, which is circa half of the effect of the Yosemite National Park in the USA.<\/p>\n
The cost-efficient production of e-methanol is essential for the chemical sector\u2019s decarbonisation pathway, contributing to the European goal of reaching climate neutrality by 2050. The project will also contribute to the goals of the REPowerEU Plan of reducing fossil fuel consumption in industry and transport. As methanol is an important feedstock in the chemical industry, the on-site production of e-methanol can reduce GHG emissions, stimulate local economies and reduce the EU\u2019s current fossil fuel dependency.<\/p>\n
GREEN MEIGA provides stability, reliability and sustainability to the economic model as well as social and territorial cohesion, as it will contribute to the creation of green jobs in Spain, expecting to create up to 426 jobs during the operation stage (considering permanent, temporary and induced) and around 6,000 jobs during the construction stage.<\/p>\n
Participant roles<\/p>\n
Iberdrola will act as Coordinator, thus leading and monitoring all those activities carried out during the main phases of the project. From an operative point of view, Iberdrola\u00a0will be essentially involved in those activities related to the hydrogen production module, where it has a wider background and experience.<\/p>\n
FORESA will carry out all of those activities related to the reception and refinement of CO2 from biogenic sources and the CO2-capture module, also including the e-methanol synthesis. Furthermore, FORESA will strongly support the development and implementation of the Knowledge Sharing Plan.<\/p>\n","protected":false},"excerpt":{"rendered":"About the project The GREEN MEIGA project will receive \u20ac122.9 million of funding to produce 100,000 tonnes\/year of…\n","protected":false},"author":2,"featured_media":23337,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[146],"class_list":{"0":"post-23336","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iberdrola","8":"tag-iberdrola"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/23336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=23336"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/23336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/23337"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=23336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=23336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=23336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}