Sunfire Cooperates with Total
Carbon dioxide (CO2) is considered the number one climate offender as the main greenhouse gas contributing to global warming. But it is also a vital raw ingredient for companies like Dresden startup Sunfire.
Working within the oil refinery of French oil giant Total in Saxony-Anhalt, Sunfire uses the refinery’s emissions to produce synthetic methanol from CO2 and hydrogen.
As one ton of methanol binds 1.4t of CO2, Sunfire calculates it can produce 500t of synthetic methanol over three years.
Methanol is a valuable raw material in the chemical industry that is used to produce plastic, glue and other everyday objects. Total aims to reduce its CO2 emissions by 15 percent by 2030, and is investing heavily in clean technologies such as those of the Dresden start-up.
The oil multinational has already invested several million euros in Sunfire through its venture capital subsidiary Total Energy Ventures.