The star E-methanol project, led by a U.S. Subsidiary of orsted, plans to use captured carbon dioxide from a local industrial facility to produce E-methanol to reduce the carbon footprint for…
Active Cooperative Agreement Awarded Last action
- Award ID
- DECD0000081
- Recipient
-
Orsted Star P2X LLC UEI R6MWAJWMHA93
- Awarding agency
-
Department of Energy
- Obligated
- $525,049,600
Award facts
- Assistance listing
- 81.255 Clean Energy Demonstrations
- Completion date 24% complete
- Funding
-
- $99,000,000.00 Federal
- $426,049,600.00 Non-federal
- Place of performance
- United States
Award details come from USAspending.gov.
Description
The star E-methanol project, led by a U.S. Subsidiary of orsted, plans to use captured carbon dioxide from a local industrial facility to produce E-methanol to reduce the carbon footprint for hard-to-electrify sectors like shipping. Orsted's facility is estimated to produce up to 300,000 metric tons of E-methanol per year and would reduce the carbon footprint by 80% or more than traditional production methods. This project expects to prove out both the supply and demand for clean hydrogen-derived alternative fuels for the marine shipping and transportation sector. These sectors currently rely on energy-intensive fossil-derived fuels to move the world's goods. The star E-methanol project is estimated to create 300 construction jobs and 50 permanent jobs. Orsted has committed to working with the university of houston to develop a curriculum around zero-carbon fuels and the hydrogen economy. Overall, this project intends to serve as a catalyst to equip workers with the skills to take part in the new energy economy.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | $0 | $426,049,600 | |
| Amendment | $0 | $0 | |
| Original award | $99,000,000 | $0 |
Quick answers
Who received award DECD0000081?
DECD0000081 was awarded to Orsted Star P2X LLC by Department of Energy on December 1, 2024.
How much is award DECD0000081 worth?
$525,049,600 has been obligated on DECD0000081: $99,000,000 in federal funding and $426,049,600 in non-federal funding.
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