Jericho Energy Ventures Inc. has announced a partnership project with Supercritical Solutions and HAMR Energy, awarded close to AUD 1 million in funding from the Australia-UK Renewable Hydrogen Innovation Partnership. The project aims to demonstrate a 20% cost reduction in renewable methanol production through ultra-high efficiency hydrogen production. The collaboration will evaluate high-pressure hydrogen integration into a hybrid methanol plant design, with deployment planned in Australia by 2026. Supercritical's technology offers a system efficiency of 42 kWh/kgH2 and simplifies compression and storage infrastructure for methanol facilities. This initiative addresses the need for renewable methanol in various industries and supports global efforts towards achieving net zero emissions.