Published by Todd Bush on April 22, 2024
Verde Clean Fuels’ proprietary STG+® process could be utilized to turn carbon, captured directly from the air, and green hydrogen into methanol
April 22, 2024 07:00 AM Eastern Daylight Time
HOUSTON--Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde” or the “Company”), a renewable energy company focused on the development of commercial production facilities to convert syngas derived from diverse feedstocks into gasoline, today announced that a consortium led by TDA Research, Inc. (“TDA”), and including Verde, has been awarded funding from the US Department of Energy (DOE) to complete a conceptual design study for a system having the potential of capturing and utilizing ambient CO2 to produce “green” methanol.
>> In Other News: Technip Energies Awarded a Substantial Contract for TotalEnergies and OQ’s Marsa LNG Project in Oman
Under the award, TDA will design a direct air capture (DAC) process for sourcing of CO2 from the atmosphere and lead the integration of the DAC with the methanol plant. Verde plans to design and model the methanol production unit using its proprietary STG+ technology, with the goal to utilize CO2 from the DAC, and hydrogen from a carbon-free source, to produce green methanol. Several other consortium partners will also contribute. The University of Colorado – Denver will carry out a lifecycle analysis using process input from TDA. As reflected in the overall project plan, TDA and Verde Clean Fuels plan to complete conceptual design and review the technoeconomic and technology gap analyses and develop the technology maturation plan.
The award and project period will last to the end of calendar year 2024. Total funding under the award to the consortium is $400,000. An additional $100,000 is expected to come from non-DOE sources, for aggregate funding of up to $500,000 for the project. Based on the results of the study, other project phases may follow.
The project provides another demonstration opportunity for the versatility and application of Verde’s STG+ technology.
“We are thrilled for the opportunity to showcase our STG+ technology in a system we believe could include direct air carbon capture and green hydrogen to make a liquid fuel. This opportunity allows us to participate in an exciting, leading edge project of e-fuel technology development, and we look forward to working together with all of our consortium partners,” said Ernest Miller, CEO of Verde. “Energy transition requires not only new technologies, but new ways of thinking. This funding award from the DOE supports both – combining new technologies in novel ways to investigate decarbonization of methanol production. This is an exciting opportunity, and one we are proud to be a part of.”
As methanol is a broadly used chemical feedstock, the Company expects that green methanol will play a vital role in decarbonizing the chemical industry. Also, when used as a liquid fuel, green methanol may be one of the most viable renewable fuel options for the maritime industry.
Verde Clean Fuels, Inc. is a renewable energy company focused on the development of commercial production plants to convert syngas, derived from diverse feedstocks including biomass or stranded or flared natural gas into gasoline through its innovative and proprietary liquid fuels technology, the STG+® process. Through its STG+® process, Verde converts syngas into fully finished fuels that require no additional refining, such as Reformulated Blend-stock for Oxygenate Blending (“RBOB”) gasoline. To learn more, please visit www.verdecleanfuels.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛢️ Texas Emerges as Blue Ammonia Capital in $5B Investment Wave 🤝 Technip Energies and Shell Catalysts & Technologies Have Signed a Global Alliance Agreement for Carbon Captu...
Inside This Issue 💰 Industrial Giants Are Sitting on a $200 Billion Energy Goldmine 🗺️ New Reports Map BC’s Hydrogen Potential for Clean Energy Growth 🍁 Federal Government Spending Nearly $16M on ...
Inside This Issue 🛫 XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028 ⚓ Backgrounder: Government of Ca...
Technip Energies (PARIS:TE) and Shell Catalysts & Technologies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture s...
National Carbon Capture Center Launches Novel UNOGAS MK3 Solvent Testing
A significant step forward in carbon capture is underway at the National Carbon Capture Center (NCCC), where KC8 Capture Technologies’ (KC8) advanced UNOGAS system – featuring the innovative UNO MK...
SYSADVANCE North America Secures 2 Additional Contracts for Landfill Gas Upgrading Systems
SYSADVANCE North America has been selected to supply landfill gas upgrading solutions for projects in Lincoln, Nebraska, and Waco, Texas. The METHAGEN LF 3000F and METHAGEN LF 1800F systems were se...
ST. CLOUD, Minn., July 17, 2025 (GLOBE NEWSWIRE) -- NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB), a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of Ame...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.