Lake Charles Methanol (LCM) will invest $3.24bn to build an industrial facility feature blue hydrogen production and carbon capture and storage (CCS) for low-carbon methanol production.
Located at the Port of Lake Charles in Louisiana, the US, the company will use advanced auto thermal gas reforming technology and employ CCS to produce low-carbon hydrogen for conversion to methanol.
The facility will produce around 3.6 million tonnes per year of methanol, with the company then working with a third party to capture and sequester about one million tonnes of CO2 each year to reduce the carbon intensity of the hydrogen, for synthesis into low-carbon intensity methanol.
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