GIDARA Energy secures major Dutch subsidy for CCU at Advanced Methanol Amsterdam facility

May 11, 2022 |

In the Netherlands, GIDARA Energy and OCAP (subsidiary of Linde Gas) announce that a sustainable energy transition subsidy scheme (SDE++) has been granted for the CO2 capturing and distribution for Carbon Capture and Utilization (CCU) at the Advanced Methanol Amsterdam (AMA) Facility, with a maximum subsidy grant amount of 110 million euro. The subsidy is meant to stimulate both the production of sustainable energy and CO2 reduction.

To achieve the goal of climate neutrality by 2050, CO2 emissions have to be reduced by at least 55% by 2030. This is in accordance with the proposed Fit-for-55 package. The SDE++ grant scheme helps achieve these targets. The SDE++ is a subsidy scheme implemented by the Dutch Government for the production of renewable energy, in which producers receive financial assistance, according to the renewable energy they produce and the technology used to produce it. In this way, the Dutch government ensures that the energy transition in the Netherlands remains feasible and affordable.

Advanced Methanol Amsterdam will produce approximately 90,000 tons of renewable methanol yearly by converting 180,000 tons of local non-recyclable waste that is currently being incinerated. During this process, a minimum of 84,000 tonnes of green CO2 will be captured, cleaned up and distributed to greenhouses by OCAP.

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Category: Fuels

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