Result description
The main benefits can be summarised as follows:
- Mitigation of exhaust CO2 and reduction of GHG by replacing methanol produced from fossil fuels (NGV or coal) with methanol produced from CO2 and renewable energy.
- Stabilisation of electric grid by the consumption of the electric energy at its peaks. MefCO2 allows to increase the power supplied from non-manageable renewable energy resources since surpluses can be used to produce valuable methanol. Fast ramping electrolysers provide ancillary services and replace fast acting fossil generation such as gas turbines.
- Production of methanol as a versatile chemical for further conversion. The EU is a net importer of methanol and MefCO2 results contribute to the reduction of imports. Low carbon footprint methanol can be directly blended with gasoline or transformed into fuel additives (DME or MTBE),reducing fossil fuel imports and improving air quality due to the improved combustion. Depending on the CO2 source, MefCO2 low carbon methanol and fuel derivatives could comply with the RED requirements and be considered as renewable fuel of non-biological origin.
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Addressing target audiences and expressing needs
- To raise awareness and possibly influence policy
- Grants and Subsidies
- Public or private funding institutions
- EU and Member State Policy-makers
- Research and Technology Organisations
- Academia/ Universities
- Private Investors
R&D, Technology and Innovation aspects
Result submitted to Horizon Results Platform by CARDIFF UNIVERSITY