Plans for e-methanol factory in Antwerp terminated

By 9 February 20242024 Newsletter week 6
February 9, 2024

The planned e-methanol factory in Port of Antwerp-Bruges will not be built. Despite receiving 1 million euros in subsidies from Flanders and the involvement of major players such as INEOS, Fluxys, and Engie, the green fuel for ships is too expensive and not attractive to shipping companies. Energy prices have risen due to the war in Ukraine and increasing geopolitical instability, further raising the costs of sustainable methanol. After extensive research, it has been concluded that customers are not willing to pay the higher price.