Companies partner to bring carbon capture to Medicine Hat
Two Canadian companies are partnering to bring carbon capture technology to Medicine Hat.
Methanex Corp., one of the world’s largest methanol producers and suppliers, and Entropy Inc., a carbon capture and storage solutions company, will work together on a $100 million preliminary front-end engineering and design study for carbon capture, utilization and sequestering.
This collaboration will leverage Methanex’s manufacturing expertise and Entropy’s proprietary modular post-combustion carbon capture technology to utilize a portion of the captured CO2 to produce additional methanol, according to a statement released late Wednesday.
A portion of the captured CO2 will be used as feedstock to produce approximately 50,000 tonnes annually of additional methanol, with the remaining CO2 permanently sequestered safely underground.