Project AIR Receives Approval for Next-Level Evaluation from EU Innovation Fund
MALMÖ, Sweden - Specialty chemicals innovator Perstorp is planning large-scale production of sustainable methanol from captured carbon dioxide (CO2) and other residue streams, which could help contribute to a climate-neutral industry. Project AIR, which Perstorp has created with partners, has been approved for the next level of evaluation from the EU Innovation Fund, one of the world’s largest funding programs for the demonstration of innovative low-carbon technologies.
“The positive response from EU Innovation Fund means that we are one step closer to finalizing our ambition to become Finite Material Neutral. Project AIR is a concrete example of the transition towards a circular economy and of how significant CO2 emission reductions could be achieved by utilizing existing resources and closing loops,” said Perstorp’s President and CEO Jan Secher.