PCC SE and Landsvirkjun to Turn Emissions into Green Methanol to Decarbonize Transport
Landsvirkjun, The National Power Company of Iceland, and German investment company PCC SE have agreed to jointly explore the possibility of capturing and utilizing carbon emissions from PCC’s silicon metal plant in northeast Iceland. Carbon emissions will be utilized to produce green methanol that can for example replace fossil fuel in ships.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220411005136/en/
PCC SE and Landsvirkjun to Turn Emissions into Green Methanol to Decarbonize Transport (Photo: Business Wire)
Green methanol will play a role in mitigating climate change
Methanol is not only a liquid chemical used in thousands of products of daily use, but green methanol is seen by many as a promising alternative energy carrier to fossil fuels and has the potential to play a key role in decarbonizing shipping vessels. The production of green methanol requires a renewable carbon source from PCC’s silicon metal plant in Iceland and renewable power from Landsvirkjun´s power stations. The process of methanol synthesis requires the input of pure carbon dioxide and hydrogen from water electrolysis, with the only by-product being oxygen and water. Turning carbon dioxide from waste into a valuable resource by utilizing and producing fuel for industries will help mitigate climate change and the transition to a circular economy.
Silicon metals used in innovative solutions for energy transition
PCC SE aims for their silicon metal plant at Húsavík to become carbon neutral by replacing fossil carbon reductants in their production with renewable alternatives. The plant at Bakki emits about 150,000 tonnes of carbon dioxide annually due to the nature of the chemical reaction that reduces quartzite (SiO2) with a carbon reductant to produce silicon metal. Catching and utilizing the emitted renewable carbon to produce green methanol would improve the carbon footprint of ships and industry utilizing such fuel and on top improve the carbon footprint of PCC’s silicon metal plant beyond carbon neutrality. Furthermore, the nature of silicon metals is such that without it, we would neither see the current stellar performance of solar power in the European Union, nor innovative solutions such as next generation battery anodes, which are key to higher capacities.
Peter Wenzel, CEO PCC SE:
“We are ready to take the next step at PCC BakkiSilicon; capture carbon emissions from our production and utilise for the energy transition. Our operations are already on track for carbon neutrality, but the production of green methanol, which can be used as maritime fuel, would certainly be a milestone.”
Hörður Arnarson, CEO Landsvirkjun:
“We at Landsvirkjun welcome the opportunity to collaborate on a green solution with a good customer. The energy transition is urgent, especially in the fleet. If we can use our renewable electricity to produce green methanol at PCC BakkiSilicon, we are one step closer to a green future.”
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
TRON Founder Justin Sun Attends the Inaugural NFTBERLIN with His Twelve Digital Zodiac Heads Collection24.5.2022 14:41:00 EEST | Press release
On May 24, NFTBERLIN tweeted that Justin Sun, the founder of TRON, confirmed attendance at the first NFTBERLIN event virtually and participation in a panel discussion on the future trends of NFT. He will exhibit many of his valuable collections, including the Twelve Digital Zodiac Heads, which are to be presented to the public for the first time. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220522005048/en/ TRON Founder Justin Sun Attends the Inaugural NFTBERLIN with His Twelve Digital Zodiac Heads Collection (Graphic: Business Wire) NFTBERLIN is a community-led unconference and exhibition focusing on the innovative development of NFT. The inaugural event will be held in Berlin, Germany, from May 25 to May 27, where creators, collectors, artists, and other art enthusiasts worldwide will meet to discuss the trends and future of the NFTverse. The NFTBERLIN event consists of three sessions: an NFT art exhibition, symposium, a
NTT Opens Its First Data Center In Spain24.5.2022 13:49:00 EEST | Press release
NTT Ltd., a world-leading global technology services provider, continues its expansion plans by opening its first data center location in the Spanish market in Madrid. The high-availability, Tier 3-compliant colocation data center is located on NTT's Európolis Business and Technology Park site 20km northwest of Madrid. It provides hyperscalers as well as enterprise clients with 3,600m2 of IT space and a maximum IT capacity of 6.3MW when fully built out. NTT is currently massively expanding its data center capacities worldwide. The company attaches the greatest importance to creating a highly available, secure and sustainable infrastructure. At the Madrid site, the entire cooling concept of the data center was adapted to the warm climate of central Spain: air-cooled chillers and higher cooling water temperatures reduce power consumption and ensure efficient operation of the facility. NTT’s first major client installation in the facility is powered entirely by renewable energy. Companies
Eaton’s eMobility Business Introduces Battery Disconnect Unit Featuring Updated Breaktor® Circuit Protection Technology24.5.2022 13:30:00 EEST | Press release
Power management company Eaton today announced its eMobility business has introduced a battery disconnect unit (BDU) that can be combined with upgraded Breaktor® circuit protection technology to provide circuit protection in electrified vehicles (EVs) while reducing overall complexity and cost. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220524005297/en/ Eaton’s battery disconnect unit combined with Breaktor® circuit protection technology provides circuit protection in electrified vehicles while reducing overall complexity and cost. (Photo: Business Wire) When paired with the Breaktor circuit protection technology, which combines current switching and resettable bidirectional short-circuit protection with fast actuation, Eaton’s BDU eliminates the need for up to 15 additional system components. Traditional systems require a combination of pyro and thermal fuses and contactors. “As manufacturers continue to increase the po
Asda Selects Blue Yonder’s Order Management to Accelerate its Omni-Channel Transformation24.5.2022 13:00:00 EEST | Press release
Having selected Blue Yonder last year to digitally transform its end-to-end supply chain and retail operations, Asda, one of Britain’s leading retailers with a unique position in the market, is continuing its retail transformation journey with Blue Yonder by selecting Luminate® Commerce solutions to modernize its order management capabilities. Asda will also partner with Bringg, a Blue Yonder technology alliance partner and the leading delivery and fulfillment cloud platform, to make each element of the supply chain seamless, connected and orchestrated. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220524005263/en/ Asda consists of supercenters, superstores, and smaller supermarkets. The retailer also runs petrol filling stations and Asda Living stores, which offer its popular George clothing and home merchandise lines. The company employs more than 140,000 colleagues serving more than 16 million customers who shop in its s
Hurricane Electric Expands Global Network to The Albanian Internet Exchange 24.5.2022 12:20:00 EEST | Press release
Hurricane Electric, the world’s largest IPv6-native Internet backbone announced today that it has further expanded its presence in Southeastern Europe by connecting to the Albanian Neutral Internet eXchange (ANIX). ANIX is the first neutral and not-for-profit Internet Exchange point in Albania and is hosted and managed by Namex in the carrier-grade data center of RASH, the Albanian Academic Network, in Tirana. ANIX went live in March 2018. Prior to the establishment of ANIX, traffic between Albanian endpoints had to pass through foreign countries. ISPs throughout Albania and the world come to ANIX to interconnect their networks. Hurricane Electric’s presence in ANIX will provide reduced latency and improved fault tolerance, load balancing and congestion management infrastructure. The added direct connectivity paths also increase the reach of Hurricane Electric’s next-generation (IPv6) Internet infrastructure and services. Additionally, ANIX members can now exchange IP traffic, or “peer
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom