Agreement over green methanol project

Swedish e-fuel developer Liquid Wind and Finnish energy company Turun Seudun Energiantuotanto (TSE) have signed a memorandum of understanding (MoU) for the development of a green methanol plant at Naantali, Finland. The facility is planned to be adjacent to TSE’s local power plant, Naantali 4, which will deliver biogenic CO2 and steam for the production of methanol. Process and waste heat will be used for district heating, reducing the share of incineration-based district heat production by TSE. Once operational, the plant is expected to produce 100,000 t/a of green methanol made from green hydrogen and biogenic CO2. The final investment decision (FID) is planned for 2026, and the facility is expected to be operational in 2029.

Claes Fredriksson, CEO and Founder of Liquid Wind, commented: “We are very happy to announce the development of our eFuel collaboration project with TSE. By entering this MoU, we are combining our companies’ strengths to promote and accelerate the clean energy transition both locally and globally. Locally, in the city of Naantali, we will focus on CCU and the reuse of CO2 and waste heat. Globally, we aim to support the transition by allowing our off-takers to shift from fossil fuels to low-carbon eFuel produced at this facility.”