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ETFuels’ e-methanol project in West Texas.
It would require between 300MW – 500MW of renewables and cost between $800m – $900m.
It is expected to produce 80,000 to 120,000 tons per year of e-methanol on site. The e-methanol would then be trucked to end markets.
The project follows the blueprint of ETFuels’ projects in Finland and Spain.
In 2023, ETFuels attracted financial backing from France-based SWEN Capital Partners, with Green Giraffe providing financial advisory services.