Calgary company to produce net-zero blue methanol on a world scale

Calgary-based Nauticol Energy plans to use renewable energy to power its Grande Prairie-area plant as well as giving it a carbon-capture and storage component. This will allow natural gas to be used to produce emission-free methanol.

Nauticol is now the first company to produce net-zero or blue methanol on a world scale, president and CEO Mark Tonner says.

He said the project will take upwards of 3.5 years to build with hopes to be operational by 2025.

To read the full story from The Financial Post, click here.