NEXTCHEM partners with Johnson Matthey

Following the joint cooperation agreement of July 2021, aimed at integrating MyRechemical’s waste-to-syngas technology with JM’s syngas-to-methanol technology, the two companies have reached a new agreement to jointly commercialise the integrated technology under MyRechemical’s proprietary Circular Methanol^TM trademark. MyRechemical grants JM the right to use its proprietary Circular Methanol^TM trademark, further enhancing the technology package’s positioning in the market. The cooperation has recently led to the signature of the first engineering agreement for the FEED of a waste to methanol project for a confidential client in Europe. Additionally, there are various other confidential opportunities that are progressing at different levels of development across the globe.

The process uses municipal and industrial waste that cannot be mechanically recycled as the feedstock, and it chemically recycles it into synthesis gas via a partial oxidation process. The synthesis gas is then purified and conditioned, transformed into methanol and distilled to the required purity level. Circular Methanol^TM flowsheet can also be applied to biomass conversion as well as incorporate the addition of low carbon hydrogen to maximise the carbon utilisation.

The agreement between MyRechemical and JM aims to strengthen their collaboration especially on low-carbon fuels for the shipping industry, to meet the new European shipping regulations aimed at reducing greenhouse gas emissions.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/13052024/nextchem-partners-with-johnson-matthey/