TOYO and Cosmo Energy initiate joint study

TOYO possesses a licensed technology (g-Methanol®) that enables direct synthesis of methanol from hydrogen and CO2 separated and captured from refineries and plants. Since CO2 can be used directly as a direct feedstock, it is expected that methanol can be produced efficiently without having to go through multiple processes.

Methanol converted from CO2 is an important basic chemical feedstock that can be applied in chemical products and fuels (marine fuels, e-fuel) and is therefore attracting attention for its use in carbon capture and utilisation, aimed at decarbonisation.

Through this joint study, the two companies will examine factors such as the CO2 reduction effect and investment profitability, with the aim of producing sustainable products derived from CO2 emitted from refineries and other Cosmo Energy Group facilities.

Read the article online at: https://www.hydrocarbonengineering.com/refining/01112023/toyo-and-cosmo-energy-initiate-joint-study/