Announcements, Press Releases & Coverage

Ethanol Producer Magazine —   How CCU Platforms Stack Up

Companies like Carbon Sink LLC, CapCO2 Solutions, and HYCO1 have developed on-site carbon capture and utilization (CCU) technology platforms capable of turning waste CO2 streams into high-value products. Their respective tech packages have different origins and serve different end-use industries, but each offers a viable alternative for ethanol plants still waiting for—or off route from—one of the proposed multistate carbon pipelines still jostling through the middle stages of regulatory development and land right-of-way negotiations.  

Based in Arlington, Virginia, Carbon Sink brings a roster with rich experience in energy project development and finance, fuels, chemicals production, and systems integration. It also boasts some big-name partnerships. Formed roughly three years ago, Carbon Sink has signed agreements with Maersk, the global shipping giant, along with Haldor Topsoe, a global technology provider. The company’s focus is green methanol, which it produces via renewable energy from hydrogen derived from water and waste CO2—preferably in pure form, like the CO2 captured from corn ethanol plants. Shipping companies want to use green methanol in place of diesel—and they need a lot of it...

Carbon Sink and Rose Cay Maritime Forge Alliance for Low-Carbon Fuel Logistics  —   The agreement outlines a plan for increasing green fuel production, transportation, bunkering and storage specifically tailored for the shipping sector. RCM's prowess in the low-carbon maritime fuel supply chain will provide Carbon Sink with a robust platform to seamlessly link its green methanol projects to customers by offering end-to-end logistic solutions. This collaboration will ensure a cost-effective, streamlined supply chain as Carbon Sink develops large-scale green methanol production facilities across the U.S. 

National Ethanol Conference  —  On March 2, Jim McVaney presented on behalf of Carbon Sink at the Renewable Fuel Association's National Ethanol Conference.

Mr. McVaney participated  in a panel discussion titled "Putting the 'U' in CCUS"  and highlighted how Carbon Sink is partnering with ethanol plants to create green methanol to meet the growing demand from shipping companies, like Maersk, that are seeking carbon-neutral solutions.  

The entire panel discussion can be viewed at     

https://vimeopro.com/user42640824/nec-2023-completed-videos 

Carbon Sink and Red River Energy talk with Ethanol Producer Magazine  —  Katie Schroeder of Ethanol Producer  Magazine writes about Carbon Sink's relationship with Red River Energy and plans to produce carbon-neutral methanol for one of  the world's largest shipping companies. 

ANNAPOLIS, MD, and Copenhagen, Denmark, November 16, 2022 —  As part of the strategy to decarbonise its customers’ supply chains, A.P. Moller - Maersk (Maersk) has entered a green* methanol partnership with U.S. based project developer Carbon Sink LLC. This is Maersk’s 8th such agreement in the efforts to accelerate global production of green methanol.

The parties have signed a Letter of Intent covering the development by Carbon Sink of green methanol production facilities in the United States. The first facility will be co-located with the Red River Energy existing bioethanol plant in Rosholt, South Dakota, USA, and will have a production capacity of approximately 100,000 tonnes per year...

Yesterday, Carbon Sink LLC CEO, Steve Meyer, participated in Cube Infrastructure Managers' Quarterly Investment Forum. Steve was interviewed by Hervé Touati about Carbon Sink's strategy to develop multiple eMethanol production facilities  that will supply carbon-neutral eMethanol to hard-to-decarbonize sectors, such as shipping and chemicals, allowing them to reduce their greenhouse gas emissions by displacing conventional fuels and feedstocks.

The full program can be viewed here, with Mr. Meyer's interview beginning at 49:12 in the program. 

Cube Infrastructure Managers is an independent Luxembourgian management company focusing on investments in the European infrastructure space. The team has a broad industrial and managerial experience, and a highly international profile. Cube Infrastructure Managers has raised €3.7 billion through four funds all active in the European infrastructure space.

Carbon Sink is pleased to announce that it has entered a Mutual Cooperation Agreement with Haldor Topsoe A/S to explore opportunities to develop large-scale eMethanol production facilities in North America based on the Carbon Sink platform and utilizing Topsoe technologies and processes.   

Haldor Topsoe is a world leader in electrolyzers, catalysts, and technology, and is heavily engaged in developing solutions for decarbonizing hard-to-abate sectors. Their capabilities and experience will significantly augment Carbon Sink's ability to select and develop the most promising project opportunities with the fastest path to large-scale commercial production and profitability.   

Carbon Sink eMethanol will offer large-volume solutions for hard to decarbonize industries such as maritime shipping and chemicals production. eMethanol is also a highly efficient hydrogen carrier, and can be used to meet growing demands for green hydrogen in the transportation and power sectors.

Alternative Power Plays is a podcast all about the new ways in which companies are getting electricity to their facilities, buildings and other sites. The podcast is hosted by Buchanan Ingersoll & Rooney attorneys and experts in the Combined Heat and Power (CHP) space, Alan Seltzer and John Povilaitis, along with financing experts at the Brattle Group. Alternative Power Plays features interviews with leaders in the world of CHP as well as frank conversations about cogeneration technology, its benefits, how to use it, how to deploy it, and why it makes sense for facilities across the globe.  In this episode, 

Jim McVaney joins Alan and John to talk about Carbon Sink's plans to develop multiple, large-scale eMethanol plants to meet growing demand in the shipping, on-road transportation and chemicals sectors. 

ANNAPOLIS, MD, August 31, 2021 — Former FERC Chairman and NextEra EVP, Joe Kelliher, joins Carbon Sink LLC Advisory Board.

ANNAPOLIS, MD, August10, 2021 — Carbon Sink LLC (Carbon Sink) welcomes the addition of Paul Hanrahan as a senior advisor to the Carbon Sink Advisory Board.  

ANNAPOLIS, MD, June 23, 2021 — Carbon Sink LLC (Carbon Sink), is pleased to announce that Rear Admiral James “Jim” Watson (USCG Ret.) has joined the company as a Senior Advisor.