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Canada’s Nauticol Energy has teamed up with Fortrec to create a new Singapore based company that will develop, construct and operate a multi-billion-dollar World Scale, Net Zero Methanol facility in Alberta, Canada and distribute Net Zero Methanol worth over $1 billion annually through its Singapore trading platform.
Utilizing abundant and competitively priced Western Canadian natural gas, combined with carbon capture and sequestration, the project will produce 3 million tonnes annually of Net Zero Methanol supplying the increasing demand for low-carbon chemicals and clean energy in Asia and other global markets.
