Vast Renewables (VSTE) has released an update.
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Vast Renewables and Mabanaft have partnered to advance the Solar Methanol 1 project in Port Augusta, Australia, which aims to produce 7,500 tonnes of green methanol annually using concentrated solar thermal power. This partnership, marked by a recent Joint Development Agreement, has secured significant funding from Australian and German governments, and could revolutionize the green fuels industry by reducing production costs and aiding in the decarbonization of shipping and aviation sectors.
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