Green Methanol Feasibility Study
Green Methanol Feasibility Study
A feasibility study will assess the technical and economic viability of constructing a green methanol plant based on renewables-based hydrogen and CO2 captured from Cement Australia’s cement factory at Gladstone, Queensland.
| Main proponents:
Cement Australia (a Holcim and Heidelberg Materials joint venture), Mitsubishi Gas Chemical Company |
Main end-use classification:
Industrial process – methanol production |
Status:
Under development – feasibility study. Potential first-stage (Phase One) of commercial operation by mid-2028 |
Estimated cost:
AUD$150 million – first-stage green methanol plant |
| Other involvement:
|
Production details:
Feasibility study to assess Phase One commercial operation of up to 100,000 tonnes per annum of green methanol (potentially starting by mid-2028) |
Location:
Queensland, Australia |
Announced funding:
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Project description
Cement Australia operates Australia’s largest cement plant at its Fisherman’s Landing plant in Gladstone, Queensland.
In October 2022, Cement Australia and Mitsubishi Gas Chemical Company (MGC) signed a Memorandum of Understanding to study the manufacture and sale of green methanol (e-methanol) made from renewables-based hydrogen and CO2 captured from Cement Australia’s Gladstone plant using MGC technology for recycling CO2, waste plastics, biomass and other inputs into methanol (which in turn can be used in chemical products, as fuel and in power generation).
The joint feasibility study would assess commercial operability with potential first-stage commercial operation indicated at around 100,000 tonnes per annum of green methanol production. Anticipated production start-up could be by mid-2028 with first-stage plant cost estimated at around AUD$150 million.
Reviewed: April 2024