BioMCN, a Netherlands based company, is developing a new plant that would produce second-generation biobased methanol from woody biomass. Its notable to mention that the company already produces the 200,000 metric tons of biobased methanol per year using waste glycerin sourced from biodiesel plants.
Biobased methanol produced at the plant qualifies as a second-generation biofuel under the European Union’s Renewable Energy Directive (RED), most of which will be sold into the fuels market, where it is blended with gasoline, in a way to reduce petroleum consumption.
