Australian Future Energy has invested in the ability to produce high quality methanol as part of its ongoing offering to meet industrial need of both the domestic and global market.
Through a refinement process called CO2 hydrogenation, methanol can be produced at a minimal production cost using excess CO2 to create high demand products including:
Industrial and household chemicals – Methanol is a base ingredient in products such as formaldehyde, acetic acid, and products such as plastics, glue, building materials, paint, and solvents.
Energy storage – Methanol can also be used for various energy-related applications, as a highly effective energy carrier for use as a clean- burning fuel in both internal combustion engines and fuel cells. Currently energy storage makes up 40% of global methanol consumption.