A consortium project involving Jericho Energy Ventures Inc.'s portfolio company, Supercritical Solutions, and HAMR Energy has embarked on a project to demonstrate a 20% reduction in renewable methanol costs through ultra-high efficiency, high-pressure green hydrogen production. The partnership, funded by the Australia-UK Renewable Hydrogen Innovation Partnership, aims to commercialize this innovative concept by 2030, potentially creating a multibillion-dollar global methanol opportunity. The project will include a comprehensive feasibility study evaluating the integration of Supercritical's high-pressure hydrogen electrolyzers into HAMR's hybrid methanol plant design, with deployment planned in Australia by 2026. Supercritical's technology offers a system efficiency of 42 kWh/kgH2 and the ability to deliver hydrogen at over 200 bar, simplifying compression and storage infrastructure for methanol facilities. The project also aims to de-risk the concept for progression to the pilot stage, emphasizing the transformative advantage in capital and operational expenditures that Supercritical's technology provides. The CEO of Supercritical, Matt Bird, highlighted the significance of this collaboration in advancing zero-emission renewable fuels and underlining their commitment to innovation. Renewable methanol is recognized as a crucial feedstock across various industries, and the potential for its use as a substitute for heavy fuel oil is gaining traction, particularly in the shipping industry. The partnership's focus on reducing costs and environmental impact aligns with global efforts towards achieving net-zero emissions. With a vision to drive the shift from grey to green energy, Supercritical aims to lower hydrogen production costs significantly within this decade, contributing to a sustainable and zero-emission future.