TheFiscalFinder
Single award · grant

Star E-Methanol Project, Led by a U.S. Subsidiary of Orsted, Plans to Use Captured Carbon Dioxide from a…

A single federal award, with both ends of the trail linked.
$99M
total award value
2024
action date
95 mo
period
DECD0000081
FAIN

Description

The Star E-Methanol Project, Led by a U.S. Subsidiary of Orsted, Plans to Use Captured Carbon Dioxide from a Local Industrial Facility to Produce E-Methanol to Reduce the Carbon Footprint for Hard-To-Electrify Sectors Like Shipping. Orsted’s Facility Is Estimated to Produce Up to 300,000 Metric Tons of E-Methanol Per Year and Would Reduce the Carbon Footprint by 80% or More Than Traditional Production Methods. This Project Expects to Prove Out Both the Supply and Demand for Clean Hydrogen-Derived Alternative Fuels for the Marine Shipping and Transportation Sector. These Sectors Currently Rely on Energy-Intensive Fossil-Derived Fuels to Move the World’s Goods. The Star E-Methanol Project Is Estimated to Create 300 Construction Jobs and 50 Permanent Jobs. Orsted Has Committed to Working with the University of Houston to Develop a Curriculum Around Zero-Carbon Fuels and the Hydrogen Economy. Overall, This Project Intends to Serve as a Catalyst to Equip Workers with the Skills to Take Part in the New Energy Economy.

RecipientOutside our Phase 1 contractor set: see methodology
Place of performance
Category
Competed?Not recorded✓ from source
Total (exact)$99,000,000

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