
3 Mar 2022
Perstorp and Project Air renew EU application for major green chemistry investment
Malmö March 3, 2022 - Sweden’s leading chemistry group Perstorp, and partner companies Fortum and Uniper, today submitted an EUR 97 million application to the EU Innovation Fund for Project Air. This unique project aims to build a production facility for sustainable methanol in Stenungssund, Sweden, which could reduce global CO2 emissions by 400,000 tonnes, equivalent to approximately 1% of Sweden’s territorial emissions.
The ambition is to already by 2026 achieve large-scale production of sustainable methanol, which in turn can be used in making chemical products with thousands of applications, enabling an improved climate footprint in several value chains. The project is possible thanks to an innovative usage of biogas, hydrogen from electrolysis and residue streams, as well as carbon dioxide recovered from Perstorp’s own facilities, to produce the methanol. This means the project will utilize carbon atoms that would otherwise become CO2 emissions.
“The chemicals industry is a key player in the sustainable transformation of society. Making Project Air a reality is an urgent priority for Perstorp, our customers, and partners as it creates increased availability of sustainable chemical products throughout our value chains,” said Jan Secher, President and CEO of Perstorp. “This project is a unique opportunity, but also a challenge for Swedish industry and energy policy. It is one of several industrial transformation projects seeking to use biogas as a raw material, and Sweden should take steps to stimulate a sufficient supply for these purposes.”
Perstorp believes that Project Air with a modified application is well positioned to receive support from the EU Innovation Fund, but the company is also investigating alternate modes of future funding. The total investment in Project Air is expected to be 236,3 million euros.
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Perstorp
Perstorp Holding AB
Neptunigatan 1
SE-211 20 Malmö
Sweden
Notes for editors
Perstorp believes in improving everyday life – making it safer, more convenient and more environmentally sound for billions of people all over the world. As a world leading specialty chemicals company, our innovations provide essential properties for products used every day and everywhere. You’ll find us all the way from your car and mobile phone to towering wind turbines and the local dairy farm. Simply put, we work to make good products even better, with a clear sustainability agenda.
Founded in Sweden in 1881, Perstorp’s focused innovation builds on 140 years of experience, representing a complete chain of solutions in organic chemistry, process technology and application development. Perstorp has approximately 1,430 employees and manufacturing units in Asia, Europe and North America. Sales in 2021 amounted to 13.5 billion SEK.
Learn more at www.perstorp.com.
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Perstorp and Project Air renew EU application for major green chemistry investment.
(Photo: Perstorp)
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Lovisa Hermansson
Corporate Communications Manager
Perstorp
lovisa.hermansson@perstorp.com
Kim Lommaert
EMG