Perstorp and Project Air Renew EU Application for Green Chemistry Investment
MALMÖ, Sweden — Perstorp, and partner companies Fortum and Uniper, submitted a €97 million application to the EU Innovation Fund for Project Air. This unique project aims to build a production facility for sustainable methanol in Stenungsund, Sweden, which could reduce global CO2 emissions by 400,000 tonnes, equivalent to approximately 1% of Sweden’s territorial emissions.
The ambition is to achieve large-scale production of sustainable methanol by 2026. The methanol can, in turn, be used in making chemical products with thousands of applications, enabling an improved climate footprint in several value chains.