KT Tech Secures Licensing Contract for Green Methanol Project

kt-tech-secures-licensing-contract-for-green-methanol-project
Photo credits: Press release
Advertisement

MAIRE announced that KT Tech, a subsidiary of NEXTCHEM, has secured a licensing contract for its proprietary NX AdWinMethanol® Zero technology. This technology will be implemented in Pacifico Mexinol, an ultra-low carbon methanol facility near Los Mochis, Sinaloa, Mexico. Once operational, the plant will produce over 2.1 million tons of methanol per year.

Pacifico Mexinol: A Landmark Ultra-Low Carbon Facility

Developed by Transition Industries LLC, a Houston-based company specializing in ultra-low carbon methanol and hydrogen projects, Pacifico Mexinol is a joint effort with the International Finance Corporation (IFC), a World Bank Group member. The facility is set to begin operations in 2028, becoming the world’s largest single ultra-low carbon methanol plant. It will generate approximately 3,50,000 metric tons of green methanol and 1.8 million metric tons of blue methanol annually.

Contract Value and Scope

As per the press release, the licensing contract’s value is in the low tens of millions of euros. The company recognizes part of the revenue upfront and records the remainder at the Final Investment Decision stage. The total project scope, including basic engineering, proprietary and critical equipment supply, commissioning, startup, and operational support, is estimated at €250 million.

Innovative NX AdWinMethanol® Zero Technology

Developed by GasConTec, NEXTCHEM’s subsidiary specializing in low-carbon hydrogen and methanol solutions, the NX AdWinMethanol® Zero technology integrates a proprietary Autothermal Reforming (ATR) process, a methanol synthesis loop, and advanced CO₂ capture technologies. By converting captured CO₂ and green hydrogen into ultra-low carbon methanol, this technology significantly reduces emissions to near zero.

Commitment to Sustainability and Climate Action

With this cutting-edge approach, Pacifico Mexinol aims to set new benchmarks for sustainable methanol production. The facility utilizes advanced carbon capture and hydrogen integration. This approach highlights its commitment to combating climate change and promoting clean energy globally.