- The companies signed a cooperation agreement for hydrogen production linked to a bio-methanol plant.
- Hydrogen production will be managed by a jointly owned company.
- The Øyer project aims for 150,000 tons of bio-e-methanol and 15,000 tons of green hydrogen annually.
- Future projects are planned for the Nordic region.
Cooperation Agreement
Glocal Green AS and Norwegian Hydrogen AS have formalized their collaboration with a concrete cooperation agreement to develop and establish hydrogen production in conjunction with Glocal Green's planned bio-methanol plant. The hydrogen production will be organized into a separate jointly owned company.
Production Details
The bio-methanol will be produced from low-grade biological residual materials and by-products from forestry, agriculture, and the marine sector. By incorporating hydrogen into the production process, all the green carbon is utilized, resulting in a volumetric doubling of methanol production, termed bio-e-methanol.
Market and Efficiency
The market for this green methanol is expanding, particularly within the chemical industry and as a fossil fuel replacement in maritime and aviation sectors. The concept combines bio-waste and hydrogen to optimize energy utilization, providing a high yield to input power and resulting in a competitively priced green liquid hydrogen carrier.
Øyer Project
The first project in Øyer, Gudbrandsdalen, aims for an annual production of 150,000 tons of bio-e-methanol and 15,000 tons of green hydrogen from electrolysis. This project highlights the potential for hydrogen production development and strengthens Norwegian Hydrogen AS's position in the hydrogen market.
Future Plans
Beyond the Øyer project, the companies plan to develop several similar projects, initially focusing on the Nordic region.
