In the UK, Fuel Cells Works reported that OneFortyOne and HAMR Energy have entered into a Memorandum of Understanding (MoU) to collaborate on the supply of sustainable biomass for renewable methanol production in Australia and New Zealand.
The MoU marks a significant step forward in the development of HAMR Energy’s flagship Portland Renewable Fuels Project (PRF Project) in Victoria, Australia. The project will produce up to 300,000 tons per annum of renewable methanol, derived from forestry residue biomass and green hydrogen, which can be used to fuel planes and ships, helping decarbonize hard-to-abate transport, according to the report.
Under the MoU, OneFortyOne will work with HAMR Energy to supply biomass residues initially to the PRF Project, with the potential to then leverage the learnings into New Zealand, where OneFortyOne has forestry assets in the Nelson/Marlborough regions in the South Island. The parties will explore optimal biomass specifications and supply chain logistics with the intention to progress to long-term supply agreements in due course, the report added.