North-C-Methanol through to final round of Innovation Fund

The ten private and public partners of the North-C-Methanol project are very pleased with the confirmation that their funding project is through to the “second stage” of the European ETS Innovation Fund for large projects. 

The North-C-Methanol project is among the top 70 projects selected in Europe to go through to the second and final round.   These projects were selected as the best out of 311 applications submitted in total from all over Europe, Iceland and Norway.

The North-C-Methanol project received good ratings in all areas: in the avoidance of greenhouse gas emissions, the degree of innovation and for project maturity.

North-C-Methanol’s partners, meanwhile, are in the process of preparing the full application for the second phase of the call by 23 June 2021, in which the project will be assessed against additional criteria such as scalability and cost-efficiency.

The results of the evaluation of the second phase will be announced in the fourth quarter of 2021.  The grants will be awarded by the end of 2021.

Cedric Osterrieth, CEO ENGIE Generation Europe: “I am very happy to read that the jointly developed North-C-Methanol project has been selected for the second stage of the EU Innovation Fund. As part of a demo plant, ENGIE will play a key role in the development of an electrolyser in Rodenhuize which will generate renewable hydrogen. This hydrogen, combined with captured CO2, aims to produce green methanol. As a front-runner in hydrogen development to unlock the full potential of renewables, we are proud to share our expertise in this project. Let’s prepare together our application for the final stage of the Innovation Fund.

David Cassidy, CEO Proman: “We are very pleased that the North-C-Methanol project has progressed to the final stage of the EU Innovation Fund application process. This project will enable us to demonstrate the exciting potential of green methanol as a future clean fuel and versatile power source. Green methanol can be used as a chemical feedstock and as an industry, overland and marine transport fuel, paving the way towards reduced carbon and greenhouse gas emissions for these industries in support of the global energy transition. We are excited to embark on this journey with our partners, and help the industry meet the targets set by the European Green Deal and Paris Climate Accords through innovative and sustainable projects.”