Offtake agreement inked for system that produces methanol from stranded methane economically

In late August, technology developer Emvolon, a spinout company from the Massachusetts Institute of Technology (MIT; Cambridge, Mass.; www.mit.edu), signed an offtake agreement with Freepoint Commodities LLC (www.freepoint.com) for methanol produced commercially via Emvolon’s technology starting in spring 2027. The agreement establishes Freepoint as both the anchor off-taker and a cornerstone project capital partner across Emvolon’s global deployment pipeline.

The post Offtake agreement inked for system that produces methanol from stranded methane economically appeared first on Chemical Engineering.