Verde Participating in Zero Emissions Methanol Tech Study


   
   OAKHURST, N.J. (DTN) --- Verde Clean Fuels, Inc. today announced that a 
consortium led by TDA Research, Inc. and including Verde, has been awarded 
funding from the U.S. Department of Energy to complete a conceptual design 
study for a system having the potential of capturing and utilizing ambient CO2 
to produce green methanol.

   Under the award, TDA will design a direct air capture process for sourcing 
of CO2 from the atmosphere and lead the integration of the DAC with the 
methanol plant. Verde plans to design and model the methanol production unit 
using its proprietary STG+ technology, with the goal to utilize CO2 from DAC 
and hydrogen from a carbon-free source to produce green methanol.

   Several other consortium partners will also contribute. The University of 
Colorado-Denver will carry out a lifecycle analysis using process input from 
TDA.

   TDA and Verde Clean Fuels plan to complete conceptual design and review the 
technoeconomic and technology gap analyses and develop the technology 
maturation plan.

   The award and project period will last to the end of calendar year 2024. 
Total funding under the award to the consortium is $400,000. An additional 
$100,000 is expected to come from non-DOE sources for aggregate funding of up 
to $500,000 for the project. Based on the results of the study, other project 
phases may follow.




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