HIF Global has chosen Johnson Matthey’s eMERALD CO2-to-methanol process for a substantial methanol plant in Paysandú, Uruguay, involving an impressive investment of $4 billion. The innovative technology will rely on water electrolysis, fueled by renewable energy sources, to generate a sufficient amount of hydrogen for the production of 700,000 metric tons of methanol annually. This methanol will serve dual purposes - as a ship fuel and in the manufacturing of gasoline, highlighting the versatility of hydrogen-based solutions in the energy sector. Construction is scheduled to commence in the upcoming year, marking a significant step towards sustainable methanol production. Additionally, HIF Global is actively working on similar projects in various locations, including the US, Tasmania, and Chile. One such project in Matagorda, Texas, is anticipated to come online by 2027 and aims to produce an impressive 1.4 million tons of methanol per year. These endeavors underscore the growing emphasis on renewable energy and the pivotal role of hydrogen in advancing environmentally friendly industrial practices and energy generation.