Iberdrola and Foresa announce first renewable methanol project in Galicia

September 27, 2022 |

In Spain, Iberdrola and Foresa take a step forward to lead the production of green methanol in Spain. Both companies, in their commitment to promote a sustainable energy transition, have joined forces to act as a key agent in the transformation of the industrial fabric of our country.

To this end, they are promoting renewable methanol projects, which will be the first step in a profound decarbonisation process in Galicia based on the replacement of grey methanol with renewable methanol.

The first of the projects they are working on is Green UMIA, a project located in the town of Caldas de Reis (Pontevedra) that will reduce 58,000 tons of CO2 during its first 10 years of operation, as a result of the production of 2,900 tn/year of renewable methanol per year, which will be used by Foresa itself to incorporate them into a wide variety of industries. The Green UMIA project will involve an investment of over 40 million and will generate up to 900 total jobs (direct, indirect and induced) during the construction phase and 265 jobs (direct, indirect and induced) during the operation phase.

In addition, this project reinforces the decarbonisation and sustainability of the strategic wood value chain in Galicia.

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Category: Fuels

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