ANNAPOLIS, MD, February 14, 2022 — Carbon Sink LLC (Carbon Sink), is pleased to announce it has entered a cooperation agreement with Haldor Topsoe A/S (Topsoe) 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.
Under the agreement, Topsoe and through its subsidiary Haldor Topsoe Inc. (HTI), is the selected licensor and will support Carbon Sink in identifying promising project opportunities for the production of eMethanol from the combination of captured carbon dioxide and renewably produced hydrogen.
eMethanol made with the Carbon Sink platform is molecularly identical to methanol produced from fossil fuel but utilizes captured carbon dioxide and green hydrogen as its feedstocks. When powered by renewable energy, the process results in carbon-neutral eMethanol, with oxygen as a co-product. eMethanol will be vital for the decarbonization of industries such as maritime shipping and chemicals production. eMethanol is also a cost-effective hydrogen carrier that can easily be transported to high-value markets, then processed to unlock the hydrogen for use as a low-carbon fuel for vehicles, power production or industrial processes.
Henrik Wolthers Rasmussen (Managing Director, The Americas, Topsoe) said, “Topsoe is pleased to enter this cooperation agreement with Carbon Sink. The US market is an ideal environment for broad utilization of our world-class methanol synthesis and electrolyzer technologies, and Carbon Sink is well positioned to identify and execute a multi-plant development strategy to meet growing market demand for low-carbon methanol.”
Carbon Sink CEO Steve Meyer said of the agreement, “This is a great opportunity for Carbon Sink and Haldor Topsoe to create a multi-project platform that will result in low cost, market leading production of eMethanol that will contribute to the decarbonization of the transportation and materials sectors.”
About Carbon Sink Carbon Sink is developing large-scale projects for converting industrial carbon dioxide streams to sustainable fuels and chemicals using commercially available technologies. Carbon Sink will provide chemical and transportation companies with carbon-neutral-to-negative solutions that help them meet both current and future regulatory obligations as well as growing customer demand for more sustainable products and services. www.carbonsinkllc.com
About Haldor Topsoe Topsoe aims to be recognized as the global leader in carbon emission reduction technologies by 2024. As a world leader in electrolyzers, catalysts, and technology, the company is heavily engaged in developing solutions for decarbonizing hard-to-abate sectors such as steel, cement, chemicals, shipping and aviation. Topsoe’s solutions produce essential renewable energy carriers, fuels, and chemicals of the future, such as green hydrogen, green ammonia, eMethanol, and eFuels. The company’s foundation is its market-leading and energy-efficient technologies to produce chemicals and fuels. Topsoe is headquartered in Denmark and serves customers around the globe. In 2020, company revenue was approximately DKK 6.2 billion, and around 2,100 employees are employed by Topsoe.
Investor and Media Contact Jim McVaney, 800.583.5223 ext. 2 or JIM@CarbonSinkLLC.com