Analytics

Advancement of Iberdrola and Foresa Alliance to Spearhead Green Methanol Production in Caldas (Galicia), Spain

Iberdrola and Foresa have partnered to lead the production of green methanol in Spain. They are promoting renewable methanol projects as part of a decarbonisation process in Galicia. The first project, Green UMIA, will reduce 58,000 tons of CO2 over 10 years and generate 900 jobs during construction and 265 jobs during operation. The project integrates the production and industrial use of green hydrogen and will be powered by a wind farm. The partnership aims to reduce polluting emissions, strengthen the EU's autonomy, and attract new investments to the region.

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