In Maryland, Carbon Sink has signed a memorandum of understanding with Cube Zero Carbon Fund Sàrl to facilitate the financing of the development, construction, ownership and operation of no less than three commercial facilities for the production and sale of eMethanol.
eMethanol made with the Carbon Sink platform is molecularly identical to methanol produced from fossil fuels, but uses captured carbon dioxide and green hydrogen as raw materials. When powered by renewable energy, the process yields a carbon neutral eMethanol. eMethanol will be vital for the decarbonization of industries such as shipping and materials production. eMethanol is also a cost-effective hydrogen carrier that can easily be transported to high-value markets and then processed to release the hydrogen for use as a low-carbon fuel for vehicles, fuel production, and more. electricity or industrial processes.
CZCF is a subsidiary of Cube Infrastructure Managers (Cube IM), an independent Luxembourg management company specializing in investments in the European and North American infrastructure space. CZCF has a dual objective of contributing to reducing carbon emissions into the atmosphere while bringing about economic and social progress, and obtaining an attractive return for investors. The fund aims to invest with an environmentally and socially responsible investment approach, i.e. oriented towards sustainable business values.