Vast Renewables Limited has partnered with global energy company Mabanaft to advance the Solar Methanol 1 (SM1) project in Port Augusta, South Australia. The SM1 plant will produce 7,500 tonnes of green methanol annually, utilizing Vast's concentrated solar thermal power (CSP) systems. This green methanol, seen as a versatile hydrogen derivative, offers a pathway to decarbonize industries such as shipping and aviation. The Joint Development Agreement (JDA) between Vast and Mabanaft marks a significant milestone in demonstrating low-cost green fuel production to contribute to global decarbonisation efforts. The project is supported by funding agreements totaling up to AUD 40 million, with ARENA and PtJ providing financial support. The partnership also aims to position Australia as a leader in green fuels production, with potential exports to Germany and other markets. By leveraging innovative technologies and international collaborations, including with the Solar Methanol Consortium, the project showcases how sustainable energy solutions can drive the energy transition towards a greener future.