Metasorbex™ is a startup in the chemical industry that offers technology to produce carbon-neutral and cost-effective methanol. Existing feedstocks or even waste streams from hydrogen industry can be used. Current cost for one metric ton of methanol in US is $400 to $500. Metasorbex’s technology could provide not only a carbon-neutral, but cheaper form of methanol. Maritime industry - in particular in EU - is most interesting due to incentives and penalties on CO2.

The US wants the global shipping industry to reduce its CO2 emissions to zero by 2050. That target is considerably more ambitious than that of the IMO, which is to reduce CO2 emissions by at least half by 2050.

The facility from 1PointFive and Carbon Engineering will capture CO2 directly from the air and store it safely, permanently and securely deep underground in geological formations.