Glocal Green & Norwegian Hydrogen Partner for Bio-Methanol & Green Hydrogen Production
Glocal Green AS and Norwegian Hydrogen AS have joined forces to develop and establish hydrogen production linked to Glocal Green's planned bio-methanol plant in Øyer, Gudbrandsdalen. The project, involving ReEnergy, Thon, and Varden, aims to produce 150,000 tons of bio-methanol and 15,000 tons of green hydrogen annually.
The bio-methanol will be produced from low-grade biological residual materials and by-products from forestry, agriculture, and the marine sector. Hydrogen, generated via electrolysis, will be added to double the methanol production. This innovative process is set to create a significant and growing market within the chemical industry, maritime sector, and aviation as a fossil fuel replacement.
Dag Nikolai Ryste, CEO of Glocal Green AS, hailed the agreement as a 'clear win-win model' that benefits the entire value chain and the market. Jens Berge, CEO of Norwegian Hydrogen AS, views this collaboration as a significant step forward for the synergies in co-locating hydrogen and bio-methanol production. The hydrogen production will be organized into a separate jointly owned company. The parties aim to develop several similar projects initially in the Nordic region.
Glocal Green AS and Norwegian Hydrogen AS have partnered to produce bio-methanol and green hydrogen in Øyer, Gudbrandsdalen. This project, involving ReEnergy, Thon, and Varden, is expected to create a substantial market within the chemical industry, maritime sector, and aviation. The collaboration is seen as a win-win model, with plans to develop similar projects in the Nordic region.
