Methanex (TSE:MX) has released an update.
Methanex Corporation has partnered with Entropy Inc. to conduct a Pre-FEED study for a carbon capture project at its Medicine Hat facility in Alberta, which is expected to both reduce emissions and produce additional methanol. This innovative collaboration aims to capture around 400 tonnes of CO2 daily and use part of it to generate an extra 50,000 tonnes of methanol annually, with the excess CO2 being sequestered underground. The project represents a significant financial investment, projected to create jobs in construction and operations, and underscores Methanex’s dedication to lowering its greenhouse gas emission intensity.
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