Iberdrola and Foresa advance in their alliance to lead green methanol product in Spain

Iberdrola and Foresa advance in their alliance to lead green methanol product in Spain

The first of the systems, Green UMIA, will be located in Pontevedra and will lead to a reduction of,000 tonnes of CO2 in its first 10 times of operation
It’ll also strengthen the decarbonization and sustainability of the timber value chain, which is strategic for the region
With an investment of further than 40 million euros, Green UMIA has been declared a Priority Business Initiative by the Regional Government of Galicia
Iberdrola and Foresa take a step forward to lead the product of green methanol in Spain. Both companies, in their commitment to promote a sustainable energy transition, have joined forces to act as a crucial agent in the metamorphosis of the artificial fabric of ourcountry.To this end, they’re promoting renewable methanol systems, which will be the first step in a profound decarbonisation process in Galicia grounded on the relief of slate methanol with renewablemethanol.The first of the systems they’re working on is Green UMIA, a design located in the city of Caldas de Reis( Pontevedra) that will reduce,000 tons of CO2 during its first 10 times of operation, as a result of the product of,900 tn/ time of renewable methanol per time, which will be used by Foresa itself to incorporate them into a wide variety of diligence. The Green UMIA design will involve an investment of over€ 40 million and will induce up to 900 total jobs( direct, circular and convinced) during the construction phase and 265 jobs( direct, circular and convinced) during the operationphase.In addition, this design reinforces the decarbonisation and sustainability of the strategic wood value chain inGalicia.Green UMIA has formerly been submitted to the IDAE’s aid programme for introducing and Singular Renewable Hydrogen systems and proposes a pioneering result to integrate the product and artificial use of green hydrogen in the same position, which together with the carbon dioxide captured from a biomass source, will be used to synthesise renewablemethanol.For methanol to be considered green, the energy force necessary for the product of green hydrogen must come from recently constructed renewable generation sources. For this purpose, an energy force agreement will be established from the Castro Valente wind ranch located 12 km from the unborn methanol factory. The wind ranch is located in the cosmopolises of Padrón( A Coruña) and A Estrada( Pontevedra), and consists of the installation of 3 wind turbines of 6 MW each, with a total power of 18 MW. The construction of this wind ranch will involve an investment of roughly 14 million euros and the generation of around 70 jobs( direct, circular and convinced) during the construction phase and around 5 jobs( direct, circular and convinced) during the operationphase.Iberdrola, in its firm commitment to socioeconomic development and biodiversity conservation in its decarbonisation strategy, maintains a programme of nonstop enhancement of enterprise and alliances to promote measures that integrate the home, the geography, and original communities, demonstrating that it’s possible to balance the terrain while contributing to social and profitabledevelopment.PRIORITY BUSINESS INITIATIVEThe green methanol factory and the new renewable installation for electricity force( Green UMIA) will have precedence in the completion of procedures, having been declared a Priority Business Initiative( IEP) by the Regional Government of Galicia, which will allow its marketable operation in July 2025. The chemical diligence in Galicia alone consume further than,000 tonnes of slate methanol per time and in Spain more than,000 tonnes of slate methanol per time, substantially from countries outside the European Union. significances from these countries have a large quantum of CO2 emigrations associated with their product and transport. The cooperation between Iberdrola and Foresa has been designed with the binary ideal of reducing these contaminating emigrations and strengthening the European Union’s autonomy by replacing a force of methanol produced from natural gas with green methanol produced from original renewableenergy.Furthermore, due to the significant support it would give to the development of the hydrogen value chain, its innovative nature and its technological significance, this alliance will contribute to the diversification and long- term development of the Galician assiduity. The investment action to decarbonise methanol and attack its product on an artificial scale will strengthen our country’s position as a technological standard in green hydrogen and green methanol, attracting new investments, making this alliance an occasion for Galicia, Spain and Europe.

Source link: https://www.iberdrola.com/

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