Iberdrola and Foresa have taken a step forward to lead the production of green methanol in Spain. Both companies, in their commitment to promote a sustainable energy transition, have joined forces to act as a key agent in the transformation of the industrial fabric of our country.To this end, they are promoting renewable methanol projects, which will be the first step in a profound decarbonisation process in Galicia based on the replacement of grey methanol with renewable methanol. The first of the projects they are working on is Green UMIA, a project located in the town of Caldas de Reis (Pontevedra) that will reduce 58,000 tons of CO2 during its first 10 years of operation, as a result of the production of 2,900 tn/year of renewable methanol per year, which will be used by Foresa itself to incorporate them into a wide variety of industries. The Green UMIA project will involve an investment of over EUR 40 million For methanol to be considered green, the energy supply necessary for the production of green hydrogen must come from newly constructed renewable generation sources. For this purpose, an energy supply agreement will be established from the Castro Valente wind farm located 12 km from the future methanol plant. The wind farm is located in the municipalities of Padrón (A Coruña) and A Estrada (Pontevedra), and consists of the installation of 3 wind turbines of 6 MW each, with a total power of 18 MW. The construction of this wind farm will involve an investment of approximately 14 million euros
Iberdrola and Foresa have taken a step forward to lead the production of green methanol in Spain. Both companies, in their commitment to promote a sustainable energy transition, have joined forces to act as a key agent in the transformation of the industrial fabric of our country.To this end, they are promoting renewable methanol projects, which will be the first step in a profound decarbonisation process in Galicia based on the replacement of grey methanol with renewable methanol. The first of the projects they are working on is Green UMIA, a project located in the town of Caldas de Reis (Pontevedra) that will reduce 58,000 tons of CO2 during its first 10 years of operation, as a result of the production of 2,900 tn/year of renewable methanol per year, which will be used by Foresa itself to incorporate them into a wide variety of industries. The Green UMIA project will involve an investment of over EUR 40 million For methanol to be considered green, the energy supply necessary for the production of green hydrogen must come from newly constructed renewable generation sources. For this purpose, an energy supply agreement will be established from the Castro Valente wind farm located 12 km from the future methanol plant. The wind farm is located in the municipalities of Padrón (A Coruña) and A Estrada (Pontevedra), and consists of the installation of 3 wind turbines of 6 MW each, with a total power of 18 MW. The construction of this wind farm will involve an investment of approximately 14 million euros
