Isometric’s Post

CRCF, the EU’s flagship carbon removal legislation, will legally enter into force at midnight on Christmas Day. At the most recent Expert Group in October, we discussed the draft methodologies for DAC, bio-CCS, and biochar. I’ve jotted down some reflections on that meeting and what it could mean for carbon removals in 2025 and beyond. https://lnkd.in/eMC2gZQ9

According to the Renewable Carbon Initiative recent updates to the ecoinvent database reveal that products derived from crude oil as well as natural gas-derived products have a significantly higher CO2 footprint than previously assumed. This new data, including factors like unintended methane emissions, increases the carbon footprint for fossil naphtha and commodity plastics, highlighting the need to reevaluate their environmental impact. Read more about the implications of these updates for environmental assessments here 👉 https://lnkd.in/dZXXHDv2

We are pleased to announce that the International Sustainability and Carbon Certification (ISCC) has certified our Low Carbon CCU (carbon capture and utilization) Methanol produced at our US-based methanol plant, Fairway Methanol LLC, under the ISCC Carbon Footprint Certification (CFC) system.   The newly certified Low Carbon CCU Methanol demonstrates a greater than 70% reduction in carbon footprint relative to a global average benchmark for fossil-based methanol production, as included in EU legislation. Fairway Methanol, our joint venture with Celanese, produces Low Carbon CCU Methanol by applying reduced-carbon-intensity hydrogen to CO2 industrial emissions to chemically convert the captured CO2 into a methanol building block used for the production of chemicals. Jan Henke, director ISCC and MEO Carbon Solutions, emphasized the importance of this collaborative effort: “We have observed an increasing interest, especially from the chemical industry, in certifying the carbon footprint of their products and making credible claims towards their customers. With our new carbon footprint certification, we provide the respective solution. For us, the integration of CCU and CCS into the new certification is only the start. Step-by-step, we will optimize the scheme together with our stakeholders and taking into account existing standards.” We are the first to receive ISCC CFC Certification for CCU materials and are proud of this latest milestone, which gives us another tangible option in addition to low-carbon methanol such as bio-methanol and e-methanol. We remain committed to addressing key climate issues for the benefit of the global society. To learn more, visit the link below. https://lnkd.in/gMhKNkKy https://lnkd.in/gksBmfYD #Mitsui #Carbon, #carbonfootprint #Sustainability #CCU #ccus #carboncapture #energy #methanol #sustainable #circular #efuel #lowcarbon #tomorrowsfuel #marine #futurefuel #ISCCCertification #CarbonCapture #ChemistryOfUs ISCC - International Sustainability and Carbon Certification

I'm excited to share the results of the study I conducted for the Methanol Institute! 🎉 Through detailed calculations and modelling, I demonstrated how #FuelEUMaritime and #EUETS create strong incentives for the adoption of sustainable fuels in the marine sector. -- Key findings: 🔅 Regulatory penalties and costs: #FuelEUMaritime Regulation & #EUETS impose heavy penalties on fossil fuel use. Costs for non-compliance with #FuelEUMaritime will skyrocket from €39/ton in 2025 to €1,997/ton by 2050. 🔅 Compliance options: To avoid these penalties, vessel owners can choose bio- or e-methanol, or blends of fossil and green methanol as viable compliance options and support the development of a sustainable methanol supply chain. 🔅 Price estimates: The analysis forecasts the average maximum price for bio-methanol to be €1,193 per ton from 2025-2050. For e-methanol, prices are estimated at €2,238 per ton from 2025-2033, decreasing to €1,325 per ton from 2034-2050 when the reward factor for using renewable fuels of non-biological origin (RFNBO) expires in 2034. Including EU ETS costs, these prices rise by €150 per ton for both fuels. 🔅 Economic viability: Both bio- and e-methanol show immense potential under these regulations, promoting their adoption and investment in green fuel solutions. -- A big thank you to Matthías Ólafsson and Gregory Dolan for trusting me with this project and supporting me throughout the process. I truly appreciate the opportunity to contribute to such a meaningful area. Do you also want to discuss the impact of #FuelEUMaritime and #EUETS on your business, or the opportunities of your sustainable fuel project? Let me know! -- ➡ Press release: https://lnkd.in/gi4MdbAc ➡ Full report: https://lnkd.in/gAX3mRvm #MethanolInstitute #shipping #netzero #FuelEU #EUETS #methanol

70% reduction in carbon footprint - this is tremendous achivement! Very well done and proud to be part of such responsible attitude to the future generations 👏 #Mitsui #Carbon,  #carbonfootprint #Sustainability  #CCU #ccus #carboncapture #energy #methanol #sustainable #circular #efuel #lowcarbon #tomorrowsfuel  #marine #futurefuel #ISCCCertification #CarbonCapture #ChemistryOfUs 

EU policies favor low-carbon fuels, positioning 𝙢𝙚𝙩𝙝𝙖𝙣𝙤𝙡 as a leading player in the energy transition. This what a 🆕 study by Jeroen Dierickx, Ph.D. for the Methanol Institute shows, providing a clear roadmap for the maritime sector as it moves towards net-zero. 𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬: 🔅 𝘙𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘱𝘦𝘯𝘢𝘭𝘵𝘪𝘦𝘴 and costs: #FuelEUMaritime Regulation & #EUETS impose heavy penalties on fossil fuel use. Costs for non-compliance with FuelEU Maritime will skyrocket from €39/ton in 2025 to €1,997/ton by 2050. 🔅 Compliance options: To avoid these penalties, vessel owners can choose bio- or e-methanol, or blends of fossil and green methanol as viable compliance options and support the development of a sustainable methanol supply chain. 🔅 𝘗𝘳𝘪𝘤𝘦 𝘦𝘴𝘵𝘪𝘮𝘢𝘵𝘦𝘴: The analysis forecasts the average maximum price for bio-methanol to be €1,193 per ton from 2025-2050. For e-methanol, prices are estimated at €2,238 per ton from 2025-2033, decreasing to €1,325 per ton from 2034-2050 when the reward factor for using renewable fuels of non-biological origin (RFNBO) expires in 2034. Including EU ETS costs, these prices rise by €150 per ton for both fuels. 🔅 𝘌𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘷𝘪𝘢𝘣𝘪𝘭𝘪𝘵𝘺: Both bio- and e-methanol show immense potential under these regulations, promoting their adoption and investment in green fuel solutions. Dive in to find out more: ➡ Press release: https://lnkd.in/eBCj2gde ➡ Full report: https://lnkd.in/enPt9p5v #MethanolInstitute #shipping #energytransition

Exciting news for the maritime industry! A new Methanol Institute study by Dr. Jeroen Dierickx showcases methanol's potential in driving the sector towards net-zero: - Bio- and e-methanol offer promising pathways to meet EU climate goals - Green methanol becoming increasingly cost-competitive - Sustainable fuel adoption supports innovation and investment Carbon Recycling International (cri.is) is pioneering sustainable methanol production, transforming CO2 into clean marine fuel. As the industry evolves, methanol stands out as a key enabler of sustainable shipping.

🚢 An interesting study, “Economic Value of Methanol for Shipping under FuelEU Maritime and EU ETS,” was published this week. My key highlights from the study: 🔹 FuelEU Maritime and EU ETS create a huge financial incentive to use renewable fuels as marine fuels, including e-methanol and biomethanol. 🔹 FuelEU Maritime encourages project developers to reduce the carbon footprint of their value chain by providing financial incentives for products with lower validated well-to-wake GHG emissions. 🔹 VLSFO non-compliance costs will gradually rise from about €264/t in 2025, to €460/t in 2030, and more than €2,300/t by 2050, forcing shipping companies to switch to alternative fuels. 🔹 The maximum biomethanol price for intra-EU voyages, taking into account FuelEU Maritime and EU ETS incentives, will be more than €1,300/t after 2030 (see assumptions in the study). 🔹 The maximum e-methanol price for intra-EU voyages will reach more than €2,500/t until 2033 (RFNBO multiplier = 2), and then remain close to €1,500/t after that. Congratulations to Methanol Institute and Jeroen Dierickx, Ph.D. on the study! #methanol #emethanol #biomethanol #alternativefuels #decarbonization #maritime #shipping #EU #FuelEU #EUETS #CO2 #emissions

📢 Verra has opened a public consultation on the draft Methodology for Alternative Low-Carbon Fuels for Shipping in the Verified Carbon Standard (VCS) Program. 🚢 📅 The consultation will be open through December 18, 2024. 💡 The proposed methodology applies to shipping activities in both territorial waters and on high seas that involve using low-carbon alternative fuels (e.g., hydrogen produced through water electrolysis, green ammonia, e-LNG, e-LPG, e-diesel, e-methanol). Eligible project activities include switching from traditional petroleum-based fuels to low-carbon alternatives, known as drop-in fuels. ➡️ Read more and submit feedback: https://bit.ly/3AZksMV #Verra #StandardsMatter #CarbonMarkets #CarbonCredits #ClimateAction

🚢 Now is your chance to provide feedback on Verra's draft methodology for alternative low-carbon fuels for shipping! This Verified Carbon Standard (VCS) Program methodology is open for public consultation through December 18. 💡 The proposed methodology applies to shipping activities in both territorial waters and on high seas that involve using low-carbon alternative fuels (e.g., hydrogen produced through water electrolysis, green ammonia, e-LNG, e-LPG, e-diesel, e-methanol). Eligible project activities include switching from traditional petroleum-based fuels to low-carbon alternatives, known as drop-in fuels. ➡️ Read more and share your feedback: https://bit.ly/3AZksMV #Verra #StandardsMatter #CarbonCredits #ClimateAction #CarbonMarkets