DUBAI, United Arab Emirates
Transition Industries LLC And Macquarie Group Announce Marketing Agreement For Low Carbon Methanol Project In Sinaloa, Mexico
Transition Industries LLC announced at COP 28 that it has entered into a Master Services and Marketing Agreement (MSMA) with Macquarie Commodities Trading, an affiliate of Macquarie Group’s Commodities and Global Markets business (“Macquarie” / “CGM”), for its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico (“Pacifico Mexinol” or the “Project”).
Transition Industries LLC And Macquarie Group Announce Marketing Agreement For Low Carbon Methanol Project In Sinaloa, Mexico
When it commences operations, Pacifico Mexinol is expected to be one of the largest single low carbon chemicals facilities in the world – producing approximately 300,000 MT of green methanol from captured carbon and green hydrogen and 1.8 million MT of blue methanol per year from natural gas with carbon capture.
Transition Industries LLC And Macquarie Group Announce Marketing Agreement For Low Carbon Methanol Project In Sinaloa, Mexico
Under the terms of the MSMA, Macquarie is responsible for marketing all the production from Pacifico Mexinol to customers on a global basis in accordance with methanol offtake agreements, the provisioning of financial hedging services as required by the Project, and supporting the Project in commodity planning and contracting for all required feedstock. The MSMA has a term of 15 years from the Commercial Operations Date of the Project.
Transition Industries LLC And Macquarie Group Announce Marketing Agreement For Low Carbon Methanol Project In Sinaloa, Mexico
Rommel Gallo, the Chief Executive Officer of Transition Industries, commented: “We are pleased to announce our MSMA with Macquarie, which provides us with unique access to customers on a global basis across multiple industries. Macquarie’s leading commodities platform provides us substantial flexibility to optimally place our blue and green methanol with the right customers that can benefit from our product’s low carbon qualities. Macquarie’s broader capabilities across financial services, logistics, and risk management enable us to optimize the Project’s performance across the value…
Transition Industries LLC And Macquarie Group Announce Marketing Agreement For Low Carbon Methanol Project In Sinaloa, Mexico
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