LNG challenges growth of green methanol
The fuel’s inroads in maritime fuel market hamper efforts to secure demand for synthetic fuel, German utility Uniper tells World Hydrogen Congress
The growth of the synthetic methanol sector has slowed as it faces growing competition from LNG in the maritime fuels markets and pushback from offtakers unwilling to pay a green premium, according to German utility Uniper. Uniper is investing in production of the green fuel, with a strong focus on the Nordic region as it has the “key ingredients” for synthetic methanol production: competitive power prices, decent access to power grids and available sources of biogenic CO₂, Sebastian Groeblinghoff, the company’s vice-president of Nordic green fuel assets, told the World Hydrogen Congress in Copenhagen. Earlier this year, Uniper signed an agreement with Swedish municipal energy company Jamtkr
Also in this section
9 October 2024
Geopolitical shift is boosting investment case for renewable hydrogen production in the two regions
8 October 2024
As the world decarbonises, the emergence of green hydrogen stands as a pivotal force in the energy transition landscape
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
3 October 2024
The stakes are high for project developers as they choose which hydrogen molecule or derivative with which to target future markets
