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Quebec waste to biofuels plant secures investment

February 04/2021

MOSCOW (MRC) -- Varennes Carbon Recycling, the landmark waste to biofuels plant in Varennes, Quebec, has now reached financial close, with investment agreements signed by Proman and its partners, Shell, Suncor, the Government of Quebec, and Enerkem, said Hydrocarbonprocessing.

As part of the investment agreement, Proman will be entitled to market the methanol produced from the plant, which, once the plant is in operation, could make Proman the largest marketer of bio-methanol globally.

The plant is expected to ramp up to a production level of 100,000 tons of bio and circular methanol per year, using Enerkems proprietary technology to convert non-recyclable waste into sustainable methanol, which can then be converted to other low-carbon biofuels such as ethanol and gasoline.

This method produces fuels with substantially less carbon intensity when compared to conventional fossil fuels, as well as ensuring that waste materials are recycled rather than being placed into landfill or burned. The bio-methanol produced has a wide range of possible applications in ground transportation, power generation and industry as well as a viable alternative marine fuel.

Promans Chief Executive, David Cassidy, said of the project: "Bio-methanol has enormous potential as our economies continue to decarbonise. Proman is committed to using our expertise in the methanol market and our unique integrated value chain to serve our customers evolving needs and contribute towards meeting global sustainability targets. Promans marketing, logistics, and operational experience is a perfect complement to Enerkems world-leading technology, and we look forward to working with all the project partners to making this innovative waste-to-low carbon fuels plant a great success."

The investment in Varennes Carbon Recycling marks Promans first investment in Canada.  David Cassidy added: We are excited to be a part of this partnership with the Canadian and Quebec governments and, thanks to Canadas vision and leadership in sustainable energy, we hope it will be the first of many initiatives for Proman in Canada. We look forward to continuing our partnerships with the public and private sectors in Canada and globally to develop sustainable energy projects and reduce reliance on fossil fuels."

As per MRC, UPM (Helsinki, Finland) says it has started basic engineering and commercial studies for a potential 500,000-metric tons/year biofuels refinery, to be located in either Finland or the Netherlands, and is also under way with construction of a previously announced EUR550-million (USD667 million) biochemicals plant in Leuna, Germany.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, exluding producers' inventories as of 1 January, 2020).


mrcplast.com
Author:Anna Larionova
Tags:bioplastics, PP, PE, biodizel.
Category:General News
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