White Summit Capital has made a commitment to invest $267m in a green hydrogen and methanol plant in Spain, Reuters reported.
The plant will be in the port area of Gijon, and will use green hydrogen and carbon dioxide captured from nearby industries to produce e-methanol, the report stated.
The investment is expected to enable the start-up, Azane, to begin construction of its first bunkering unit for ammonia supply in Norway.
The original transaction in December concerns NET Power’s 300 MW Serial Number 1 project near Odessa, Texas.
Equinor and Shell USA would oversee technical and commercial delivery of the project.
A renewable hydrogen developer based in the western US is reaching the final stages of a capital raise with an investor in exclusivity.
A technology start-up that uses plasma to reduce emissions from natural gas and methane flaring is seeking an additional $15m to top off its Series A capital raise. One of its principal products converts natural gas into hydrogen and usable graphene with no CO2 emissions.
A firm with plans for a biorefinery in Washington state will raise its first large equity round early next year.
