January 22, 2024
ETFuels awarded €15M grant in Spain
ETFuels has started 2024 with a bang. Fantastic news from Spain where one of our earlier projects in Castilla-la-mancha has been officially awarded a €15M grant.
The project itself is a 100,000 tonne green methanol plant and will deliver two broad benefits and impacts:
1. Green jobs: When in operation the plant will deliver 60 full time jobs and around 400 indirect jobs. This particular plant is in a region impacted by “España Vacía”. This modern scourge is decimating the Spanish countryside. When you drive through rural Spain, vast swathes of villages and towns appear effectively empty. These green jobs will act as the ‘tip of the spear’ to further industrial growth, as well as benefits for local schools.
2. Environmental impact: we will deliver over 250,000 tonnes of CO2 emission reductions. This will be a solid first step towards our goal of decarbonisation of heavy industry, starting with global shipping. Our fuel will act as a bridge to enable the creation of fully green value chains, delivering genuinely green goods to end customers across the seven seas.
This was awarded by the Spanish Government’s Institute for the Diversification and Saving of Energy (IDAE) under the H2 Pioneros program from a pool of over 100 green hydrogen projects. The ETFuels team wanted to thank the individuals in this team for their continued support.