Published by Todd Bush on September 11, 2024
LOS MOCHIS, Mexico--(BUSINESS WIRE)--Transition Industries LLC recently completed a month-long series of public consultation and disclosure meetings in Mexico to share results of its Environmental and Social Impact Assessments (ESIA) for the Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico. The voluntary disclosure process aligns with the International Finance Corporation (IFC) Environmental and Social Performance Standards and the Company’s industry-leading transparency and stakeholder engagement policies. It was an important milestone for the Project, which expects to break ground by early-2025.
>> In Other News: Plans for Minnesota’s First Sustainable Aviation Fuel (SAF) Blending Facility Revealed by GREATER MSP Partnership-led Coalition
The results of the IFC-aligned ESIA, prepared by international sustainability firms RSK Group and SLR Consulting, alongside Mexican environmental consultancy Bustamante + Freyre, do not predict any significant environmental or social impacts as a result of the Project’s sustainable design, innovative engineering, and application of risk management measures. The ESIA supplements the 2022 ESIA to Mexican standards, which resulted in the issuance of a permit by local authorities in 2023.
The Company’s strategic community investment programming is also progressing, including support for the local indigenous university to complete community opportunity assessments, the signing of local community development agreements, and partnership opportunities geared towards economic development, education, and technology.
When it initiates operations, Pacifico Mexinol is expected to be the largest single ultra-low carbon methanol facility in the world—producing approximately 300,000 MT of green methanol from captured carbon and green hydrogen, and 1.8 million MT of blue methanol annually from natural gas with carbon capture. Furthermore, the Project’s water solution to use municipal wastewater for all water resource needs (eliminating the need to use freshwater or to impact the Bay of Ohuira) will be one of the world’s largest applications of industrial water reuse from municipal effluent.
Pacifico Mexinol is expected to reach Final Investment Decision in 2024 and break ground in early-2025. Commercial operations are expected to begin in early-2028.
Transition Industries LLC, based in Houston, Texas, is a developer of world-scale, net-zero carbon emissions methanol and hydrogen projects in North America to address climate change and promote environmental and social sustainability. Transition Industries has a Joint Project Development Agreement (JPDA) with the International Finance Corporation (IFC), a member of the World Bank Group, and a Master Services and Marketing Agreement (MSMA) with Macquarie Commodities Trading.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ✈️ Boeing Buys 20,000-Ton Portfolio of Biochar, ERW Carbon Removals 📄 Carbonaires Launches RFP for Offtake-Backed Financing of High-Integrity Carbon Removal Projects 🍁 Excluded N...
Inside This Issue 🍁 Canada Opens World's First Surficial Mineralization Hub in Quebec 🌳 Living Carbon Secures $500m Deal with Octopus Energy Generation to Restore Degraded Land and Remove CO₂ 🗺️ A...
Inside This Issue 🚢 MOL And Alt Carbon Deliver Asia's Largest Verified Erw Credit Batch ⚠️ Apple, Amazon, Schneider Electric Warn GHG Protocol That Tougher Scope 2 Reporting Rules Will Slow Corpor...
Celanese and SharpCell Oy Collaborate to Bring Carbon Capture and Utilization to Airlaid Nonwovens
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, and SharpCell Oy, a Finnish family-owned company producing high quality airlaid material...
UK May Be Sitting on Volcanic Rocks That Can Swallow Industrial Carbon for Decades
Researchers have found that ancient volcanic rocks beneath the UK could permanently lock away between 42 million and 38 billion tons of industrial carbon dioxide (CO2) by turning it into solid mine...
New Carbon-Free Hydrogen Fuel Production Method Slashes Temperature Requirement By 900°F
The study confirmed the catalyst remains stable and functional over ten cycles. Researchers identified BNCF100, a perovskite composed of barium, niobium, calcium, and iron. (Representational image...
How Rocks Trap CO₂ Faster: Water-Driven Pathway Could Speed Long-Term Carbon Storage
Rocks can bind carbon dioxide—and much faster than previously thought. For a long time, it was assumed that the transformation of CO2 into carbonate rock depends on very slow, time-consuming proces...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.