Vertimass and European Energy announced that the companies have completed a Letter of Intent (LOI) to integrate technologies for capturing carbon dioxide and converting it into hydrocarbon products around the world, a result that would reduce emissions of carbon dioxide that contribute to climate change.
This unique combination takes advantage of European Energy's expertise in capturing carbon dioxide from waste sources (carbon dioxide produced from anaerobic digestion, power production, fermentations, and cement manufacture) to produce methanol, as well as Vertimass' technology to convert that methanol into jet, diesel, and gasoline fuels and chemicals. The team completed an initial proof of concept laboratory research for coupling their technologies earlier this year.
"Vertimass looks forward to feeding methanol made from carbon dioxide using renewable electricity by European Energy technology to our unique single-stage reactor to make hydrocarbons," said Vertimass CEO Charles Wyman. "Combining these technologies could not only produce Sustainable Aviation Fuels (SAFs) and other hydrocarbon fuels with net zero carbon emissions but also mitigate climate change by converting carbon dioxide into renewable plastics, thus permanently removing this greenhouse gas from the atmosphere."
"European Energy is committed to take a central position in the green transition and use so-called Power-to-X processes to bring renewable electricity into sectors that are difficult to electrify directly," observed Søren Knudsen Kær, Head of Technology, Power-to-X of European Energy. "European Energy sees a great potential to expand the application of our renewable e-methanol especially as a feedstock for Sustainable Aviation Fuels through the unique single-stage process from Vertimass."
