Brief: SFC Energy AG And Wacker Sign Letter Of Intent On Supply And Distribution Of Renewable Methanol

SFC Energy AG

10/03/2022 09:03

March 10 (Reuters) - SFC ENERGY AG  F3CG.DE :
    * SFC ENERGY AND WACKER SIGN LETTER OF INTENT ON SUPPLY AND
DISTRIBUTION OF RENEWABLE METHANOL
    * LETTER STATES THAT, STARTING IN 2025, WACKER PLANS TO
SUPPLY SFC
ENERGY WITH UP TO 2,000 METRIC TONS OF METHANOL FROM RHYME
BAVARIA PROJECT PLANNED FOR ITS BURGHAUSEN SITE
    * PLANNED RHYME BAVARIA PROJECT INCLUDES CONSTRUCTION OF A
20-MEGAWATT ELECTROLYSIS PLANT
    * SFC ENERGY INTENDS TO OFFER THIS METHANOL AS A FUEL WITH A
PARTICULARLY LOW ENVIRONMENTAL IMPACT FOR USE IN ITS CUSTOMERS'
METHANOL FUEL CELLS
    * CAPITAL EXPENDITURES FOR PLANT COMPLEX ARE ON ORDER OF
ROUGHLY
EUR 100 MILLION
    * PLANNING PHASE FOR FACILITIES CAN START ONCE REQUESTED
FUNDING
HAS BEEN APPROVED
    * PLANT COULD THEN BEGIN OPERATIONS IN 2025

Source text for Eikon:  ID:nEQ94Wpwba 
Further company coverage:  F3CG.DE 

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