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 🌏 A Bold Transpacific Alliance: ExxonMobil and Marubeni Power a Cleaner Future with Low-Carbon Ammonia 💰 Aker Carbon Capture Has Decided to Sell Its 20 Percent Ownership Interest...
Inside This Issue 🌊 NYK Partners With Climeworks to Remove CO₂ Through Diverse Carbon Removal Solutions 🛠️ First Public Hydrogen (FPH2) Appoints Ernesto Medrano to Board of Directors 💡 Kinetics Ac...
Inside This Issue 📊 Trading Carbon Right: Why Credit Quality Matters More Than Ever ☀️ SunHydrogen Contracts The Process Group for Front-End Engineering Design of 25m2 Renewable Hydrogen Pilot Pla...
Canada’s Bold Path to Net-Zero: How the Pathways Alliance Is Reshaping Oilsands and Carbon Capture
A united front for a cleaner future In Canada’s race to reach net-zero emissions by 2050, few initiatives carry as much weight—or as much promise—as the $16.5 billion carbon capture and storage (C...
Project Hajar Earns Top XPRIZE Carbon Award for Direct Air Capture and Storage in UAE
Project Hajar, a joint initiative by 44.01 and Aircapture, has been named the strongest performer in the Air category of the XPRIZE Carbon Removal competition, earning a \$1 million award. The proj...
BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced the formation of a strategic joint venture (the “JV”) between BKV dCarbon Ventures, LLC (“dCarbon Ventures”), BKV’s wholly-owned...
Microsoft Expands World’s Largest Carbon Removal Deal with Stockholm Exergi to 5M Tonnes
World’s largest annual CDR delivery deal: Microsoft'’s expanded agreement now totals 5.08M tons, with 500,000 tons captured annually. $1.3B BECCS facility operational by 2028: Stockholm Exergi’s p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.