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...
The US is poised to take a dramatic step in promoting clean energy development. With the expected passage by the House of Representatives and subsequent signature by the President, $369 billion in direct grants and subsidies will be accessible by companies like Carbon Sink to develop and construct new clean energy projects. In addition, a portion of this funding will be used to capitalize green banks that will provide debt financing to hundreds of new commercial -scale sustainable energy plants, like those Carbon Sink is developing.
See this new Infographic that highlights programs of the Inflation Reduction Act that Carbon Sink will be able to leverage for our first and subsequent eMethanol plants.
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 LLC is pleased to announce it has entered a Memorandum of Understanding with the Cube Zero Carbon Fund Sàrl (CZCF), an affiliate of Cube Infrastructure Managers. The agreement sets the framework for CZCF to participate in financing the construction of as many as 3 Carbon Sink commercial-scale plants for the production and sale of eMethanol.
"Carbon Sink's eMethanol platform fits exactly with CZCF's objective to invest in platforms that have the ability to develop, build, operate and maintain greenfield energy transition infrastructure projects, with a build and grow strategy" said Hervé Touati, Managing Director of CZCF. "Synthetic fuels will play an important role to achieve the transition to a net zero economy, and eMethanol in particular. We are happy to work with the Carbon Sink's team who has already completed a substantial part of the work, and are looking forward to contributing to the next steps."
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.