CnC-MAS Mexinol

pending

IFC is a co-developer with financing rights in Pacifico Mexinol S. de R.L. de C.V. (the “Project Company” or “Mexinol) for the development of a greenfield ultra-low-carbon methanol production facility in Sinaloa, Mexico (the “Project”). The facility aims to support Mexico’s clean energy transition and industrial decarbonization objectives, contribute to national emissions reduction goals by reducing natural gas flaring, strengthen industrial competitiveness, and generate local employment, while producing methanol for both domestic consumption and export. The Project is being developed by Mexinol, a newly established company majority-owned by Transitions Industries LLC, a U.S.-based developer of low-carbon chemical projects, including methanol and ammonia. Annual production is projected at approximately 340,000 metric tons (MT) of green methanol (produced from captured carbon and green hydrogen) and 1.8 million MT of blue methanol (produced from natural gas using AdWinMethanolZero® carbon capture technology) with an anticipated operational life of 30 years. With this technology nearly all CO2 generated in the plant from the natural gas feed will be converted into methanol.