Vast Renewables Limited, a company specializing in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, announced funding agreements of up to ~AUD $40 million for its solar methanol plant, SM1, in partnership with Mabanaft. The funding, including support from Australian and German governments, aims to advance green …
Australia’s Vast Concentrated Solar Power to include green methanol demo for shipping
Methanol is used to make many chemicals, but what makes producing green methanol most interesting for the future is that the shipping industry, finally having to deal with climate emissions, considers green methanol the most viable alternative to today’s fossil-based marine gas oil. “In the last 12 months, major international shipping companies including Maersk, CMA …
Vast Solar selected by Australian and German governments for AUD$19.48m and EUR13.2m to advance green methanol production to power zero emission shipping and aviation
Australian cleantech company Vast Solar, a world-leader in concentrated solar thermal power (CSP), and the Solar Methanol Consortium have been selected to receive AUD$19.48m and EUR13.2m from a collaboration between the Australian and German Governments to develop a world-first green methanol demonstration plant, SM1 in Port Augusta, South Australia. The German-Australian Hydrogen Innovation and Technology Incubator …