Emvolon has secured multiple new partnerships with biogas suppliers, green methanol product offtakers, and multinational equipment and technology companies, according to a news release.
Additionally, Emvolon announced that MIT has completed its licensing contract with the company. This protects Emvolon’s proprietary technology, originally developed by the company’s founders as MIT researchers, and supports Emvolon’s continued research on chemical decarbonization.
Heavy-duty transportation such as aviation, maritime and chemical manufacturing requires high-energy-density, easily transportable, liquid fuels. However, producing these fuels in a low-emissions manner remains challenging and expensive. At the same time, industries such as agriculture, municipal waste management and energy cause a significant amount of methane gas to be emitted into the atmosphere, contributing to 12% of total greenhouse gas emissions in the U.S.
Emvolon collects and converts wasted methane gases onsite into ready-to-use, easy-to-transport, liquid green chemicals and fuels. By repurposing car engines as cost-effective modular chemical plants, Emvolon has designed a technology platform that converts biogas into liquid green methanol, which can then be transported in standard truck containers – offering a way to monetize otherwise wasted resources at a low cost and without expensive pipeline infrastructure.
“According to the EIA and EPA, more than 1,000 billion cubic feet of methane gas per year is emitted into the atmosphere as a greenhouse gas, because historically, there’s been no way to economically utilize that waste stream,” said Dr. Emmanuel Kasseris, co-founder and CEO of Emvolon. “Emvolon can directly address the harmful emissions and wasted resources of methane coming from landfills, water treatment plants, farms and industrial operations. Our modular units reduce the cost of converting waste into sustainable resources, offering the ability to generate up to $27 billion in green fuel sales while eliminating 1.2 gigatonnes of CO2 emissions.”
Emvolon has established multiple new partnerships that will eliminate greenhouse gas emissions equivalent to 90,000 gasoline-powered cars annually, produce more than 175,000 tonnes of green methanol annually, and generate more than $175 million in annual revenue. The company’s current partnerships include:
Biogas Suppliers & Project Developers
These partnerships will utilize up to 20 million cubic feet per day of methane from landfills and agricultural operations:
- Montauk Renewables (NASDAQ:MNTK), for a field pilot to demonstrate the commercial benefits of converting biogas into green methanol. The goal is to scale up production using multiple Emvolon systems on additional Montauk-operated sites.
- Indian Biogas Association, to collaborate on multiple projects utilizing Emvolon’s wasted gas-to-green methanol production technology.
Green Methanol Product Offtakers
- Oberon Fuels, to buy green methanol produced by Emvolon over five years.
- SAFE Bulkers (NYSE:SB), for green methanol supply for two of its vessels that are designed to run on green methanol.
Equipment & Technology Partners
- Clariant, to collaborate on green methanol catalyst development and testing.
- Waukesha/INNIO, to collaborate on engine development.
