13-05-2024
NEXTCHEM partners up with Johnson Matthey to jointly license Waste-to-Methanol solution
NEXTCHEM S.p.A, through MyRechemical, a leader in waste-to-chemicals, with its proprietary waste-to-syngas technology and its proprietary Circular Methanol™ trademark, and Johnson Matthey (JM), a global leader in sustainable technologies, have agreed to partner up for the commercialization of the Circular Methanol™ technology package worldwide.
Following the joint cooperation agreement of July 2021, aimed at integrating MyRechemical’s waste-to-syngas technology with JM’s syngas-to-methanol technology, the two companies have reached a new agreement to jointly commercialize the integrated technology under MyRechemical’s proprietary Circular Methanol™ trademark. MyRechemical grants JM the right to use its proprietary Circular Methanol™ trademark, further enhancing the technology package’s positioning in the market.
The cooperation has recently led to the signature of the first engineering agreement for the FEED of a waste to methanol project for a confidential client in Europe. Additionally, there are various other confidential opportunities that are progressing at different levels of development across the globe.
The process uses municipal and industrial waste that cannot be mechanically recycled as the feedstock, and it chemically recycles it into synthesis gas via a partial oxidation process. The synthesis gas is then purified and conditioned, transformed into methanol and distilled to the required purity level. Circular Methanol™ flowsheet can also be applied to biomass conversion as well as incorporate the addition of low carbon hydrogen to maximise the carbon utilisation.
The agreement between MyRechemical and JM aims to strengthen their collaboration especially on low-carbon fuels for the shipping industry, to meet the new European shipping regulations aimed at reducing greenhouse gas emissions. Methanol is an important intermediate product used in many goods such as resins, plastics, insulation and fibers. More importantly, it is gaining significant traction as a marine fuel, thus representing a potential enabler for transportation decarbonization.
Giacomo Rispoli, MD of MyRechemical, commented: “We are pleased to continue our partnership with such an important player as Johnson Matthey. The methanol market is large and promising, helping the industry to use more sustainable feedstocks while avoiding the consumption of natural resources. In particular, methanol will play a key role as low-carbon fuel for the shipping industry, and we are proud of giving our contribution to this market."
Alberto Giovanzana, Managing Director – Catalyst Technologies Licensing at Johnson Matthey, said: “There are many exciting opportunities to use sustainable methanol as a means of decarbonisation, including in the shipping industry, and the solution we’ve co-developed with MyRechemical has the added benefit of producing methanol from waste – reducing the amount destined to landfill. We look forward to continuing our partnership with this integrated offer for the market.”
Sponsor:
News Category:
-
Johnson Matthey opens its new engineering centre in India
Johnson Matthey, a global leader in sustainable technologies, today announced the opening of its new Engineering Centre in Mumbai. This new site confirms JM’s commitment ...
16-10-2024
-
Johnson Matthey and thyssenkrupp Uhde to offer integrated solution for blue ammonia technology
Johnson Matthey, a global leader in sustainable technologies, and thyssenkrupp Uhde, a leading provider for engineering, construction, and service of chemical plants, ...
20-05-2024
-
HIF Global selects eMERALD™ for the largest e-methanol plant in South America
Johnson Matthey, a global leader in sustainable technologies, has been selected by HIF Global, the world’s leading eFuels company, as the methanol licensor for HIF ...
16-05-2024
-
NEXTCHEM partners up with Johnson Matthey to jointly license Waste-to-Methanol solution
NEXTCHEM S.p.A, through MyRechemical, a leader in waste-to-chemicals, with its proprietary waste-to-syngas technology and its proprietary Circular Methanol™ trademark, ...
13-05-2024
-
Johnson Matthey (JM), a global leader in sustainable technologies, today announced that DG Fuels has selected its award-winning Fischer Tropsch (FT) CANS™ technology ...
10-04-2024
-
BioForming® helps power the first 100% SAF transatlantic flight by a commercial airline
The aviation industry took a significant step towards a more sustainable future today, with Virgin Atlantic operating the first drop-in 100% sustainable aviation fuel ...
28-11-2023
-
bp selects Johnson Matthey’s LCH™ technology
Johnson Matthey (JM), a global leader in sustainable technologies, and bp have signed a licensing and engineering agreement for Johnson Matthey’s LCH technology at ...
24-10-2023
-
EDL select JM and bp to support production of SAF at HyKero plant in Germany
Johnson Matthey, a global leader in sustainable technologies, and bp, an international energy company, today announced that EDL Anlagenbau Gesellschaft mbH has selected ...
18-10-2023
-
Johnson Matthey Hystar sign three year strategic supply agreement
Johnson Matthey, a global leader in sustainable technologies, and Hystar, a Norwegian high-tech hydrogen company, have signed a three-year strategic supply agreement ...
22-05-2023
-
HIF Global selects Johnson Matthey and Honeywell technologies for SAF facility in America
HIF Global, the world’s leading eFuels company, today announced agreements with Johnson Matthey and Honeywell to conduct preliminary engineering for HIF’s first Sustainable ...
10-05-2023