WasteFuel announces launch of WasteFuel Methanol Module
WasteFuel, a leading developer of bio-refineries focused on converting Municipal Solid Waste into low carbon fuels, announced during the UN United Nations General Assembly and New York Climate Week - the WasteFuel Methanol Module, a new technology that will significantly accelerate the use of organic waste to produce green methanol, according to the company's release.
Methanol has quickly emerged as the most cost-effective fossil fuel alternative for shipping companies around the world. Major shipping companies including Maersk, CMA CGM, COSCO, Stena Line, and Proman have committed to using methanol to power their vessels.
The WasteFuel Methanol Module is designed to produce up to 100 metric tons per day of fuel grade methanol from a variety of waste sources including landfill gas and biogas from anaerobic digestion. The process is designed in a modular fashion to improve the overall utilization of resources and allow for cost-effective, quick scaling.
WasteFuel has filed a provisional patent application directly related to the novel approach and unique configuration. The process is engineered to simultaneously wet and dry reform to convert waste into green methanol. The technology will be available for licensing meaning even greater potential for adoption and decarbonization.
When utilized at a commercial scale the WasteFuel Methanol Module will produce green methanol fuel that can achieve up to 90% reductions in CO2 and other greenhouse gases and pollutants compared to conventional fuels.
WasteFuel aims to produce green methanol that can be used in a variety of markets including shipping, marine transport, and petrochemicals, as well as to license its proprietary process to customers across markets, such as waste owners, biorefinery developers, and petrochemical companies.
Existing WasteFuel Methanol efforts include a commercial-scale partnership with Maersk, who has announced their intent to purchase 30,000 tons per year of WasteFuel’s bio-methanol. WasteFuel’s solutions go beyond green methanol. The company has several biorefinery projects underway that will produce low-carbon fuels to revolutionize mobility across the transportation sector and to address the climate emergency.
WasteFuel uses technologies to address the climate emergency and revolutionize mobility. WasteFuel investors include Maersk, Marc Benioff’s TIME Ventures, i(x) Net Zero, NetJets, Prime Infra, Guy Oseary, and Aileen Getty.
