Vast Unveils LOI with Mabanaft for Potential Equity Investment in World-First Solar Methanol Project at the Maritime Industries Australia Decarbonisation Summit streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Vast Solar signs up potential investor and offtaker in Port Augusta solar methanol plant to be powered by Australia's first large-scale solar thermal project.
Today in Perth at the Maritime Industries Australia Decarbonisation summit, Vast Solar Pty Ltd (Vast) announced that it has executed a letter of intent (LOI) with German energy company Mabanaft GmbH & Co. KG (Mabanaft) for potential offtake and equity investment in Solar Methanol 1 (SM1), a world-first green methanol demonstration plant.
There’s a lot riding on the Moomba CCS project – if Santos can boot it up smoothly, it could unleash a wave of investment decisions on dozens of projects.