Averda and WasteFuel to develop green methanol

Averda, a waste management, treatment and recycling company, and WasteFuel, a developer of bio-refineries, announced during the COP27 climate conference, their partnership to develop the first commercial scale municipal waste to renewable methanol plant in the Middle East.

The location for the first plant is likely to be in Jebel Ali, the premier port in the United Arab Emirates. The plant will produce renewable methanol for shipping from unrecyclable waste currently being collected and disposed of by Averda.

Many of the world’s largest shipping companies, including COSCO, Maersk and Pacific Basin, have come out as methanol backers in recent months with attention now turning to swiftly build up a global network of supplies at major ports.