Nauticol and Enhance are seeking to capture up to 1 million tons of carbon dioxide each year from Nauticol's planned Blue Methanol facility, to be built near Grande Prairie, Canada.
Nauticol is building a methanol production and distribution business to supply the unmet and rapidly growing global demand for low carbon methanol.
“Our plant design was already targeted to be a global leader in low emissions,” said Mark Tonner, CEO and co-founder of Nauticol. “Partnering with Enhance on CO2 capture and sequestration changes the game of what low-carbon methanol production at world scale will be from this point on.”
For Enhance, this partnership is a catalyst to developing its second large-scale, made-in-Alberta carbon capture and sequestration (CCS) solution.
“At Enhance, we are immensely proud of the strides we are making to reduce emissions through CO2 capture and sequestration,” said Kevin Jabusch, CEO of Enhance. “Our partnership with Nautico