Bia Energy LLC

🙌 We are excited to welcome Bia Energy LLC to our membership! 🔦 Bia Energy is driving innovation with its cutting-edge low-carbon methanol production facility in Shreveport, Louisiana. The facility will produce 550,000 metric tons of blue and bio-methanol annually, reducing CO₂ emissions by over 93% compared to conventional production methods. ⚡ As a key transitional fuel, low-carbon methanol plays a key role in the global energy transition by helping reduce emissions across industries. Bia Energy’s commitment to sustainability and innovation aligns perfectly with MI’s mission to promote cleaner fuels worldwide. We’re excited to collaborate and accelerate the growth of the low-carbon methanol sector together. ➡️ Learn more about Bia Energy: https://lnkd.in/eDCqnAay. #MethanolInstitute #Methanol #AlternativeFuels #EnergyTransition

EU policies favor low-carbon fuels, positioning 𝙢𝙚𝙩𝙝𝙖𝙣𝙤𝙡 as a leading player in the energy transition. This what a 🆕 study by Jeroen Dierickx, Ph.D. for the Methanol Institute shows, providing a clear roadmap for the maritime sector as it moves towards net-zero. 𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬: 🔅 𝘙𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘱𝘦𝘯𝘢𝘭𝘵𝘪𝘦𝘴 and costs: #FuelEUMaritime Regulation & #EUETS impose heavy penalties on fossil fuel use. Costs for non-compliance with FuelEU Maritime will skyrocket from €39/ton in 2025 to €1,997/ton by 2050. 🔅 Compliance options: To avoid these penalties, vessel owners can choose bio- or e-methanol, or blends of fossil and green methanol as viable compliance options and support the development of a sustainable methanol supply chain. 🔅 𝘗𝘳𝘪𝘤𝘦 𝘦𝘴𝘵𝘪𝘮𝘢𝘵𝘦𝘴: The analysis forecasts the average maximum price for bio-methanol to be €1,193 per ton from 2025-2050. For e-methanol, prices are estimated at €2,238 per ton from 2025-2033, decreasing to €1,325 per ton from 2034-2050 when the reward factor for using renewable fuels of non-biological origin (RFNBO) expires in 2034. Including EU ETS costs, these prices rise by €150 per ton for both fuels. 🔅 𝘌𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘷𝘪𝘢𝘣𝘪𝘭𝘪𝘵𝘺: Both bio- and e-methanol show immense potential under these regulations, promoting their adoption and investment in green fuel solutions. Dive in to find out more: ➡ Press release: https://lnkd.in/eBCj2gde ➡ Full report: https://lnkd.in/enPt9p5v #MethanolInstitute #shipping #energytransition

Exciting News! CapturePoint LLC and a subsidiary of Energy Transfer LP (NYSE:ET) have signed agreements to advance carbon capture and deep underground storage in Louisiana. The agreements formally dedicate the carbon dioxide from Energy Transfer's Haynesville natural gas treating facilities to CapturePoint's Central Louisiana Regional Carbon Storage Hub (CENLA Hub); provide Energy Transfer the right to participate in a joint venture that will own and operate the CENLA Hub; and create a framework for working together to capture and store carbon dioxide from other Energy Transfer facilities in Louisiana. Visit our NEWS updates at https://lnkd.in/enw-b8XA and scroll down to the May 8, 2024 story for more information! #CapturePoint #CCUS #CarbonManagement