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How Europe🇪🇺 lost a massive opportunity for the future of the chemical industry🧪🏭 A startup with close ties to shipping🚢 giant Maersk wanted to build a fossil-free plastics plant in Antwerp, Belgium. 🔌💡 🧵 industrydecarbonization.com/news/why-chi...

Backed by a powerful company that was notably not one of the large players in the existing chemical industry, Vioneo wanted to use a technology called Methanol-to-Olefins to make plastics🧴 from green Methanol⚗️. However, early this year, Vioneo changed its plans & will build its first plant in China🇨🇳

Green Methanol is seen by many as a key🔑 technology for a future climate-neutral industry where direct electrification⚡ is not an option: aviation✈️, shipping🚢, plastics🧴. China is building a sizeable Green Methanol industry, replicating developments in other cleantech sectors like Solar☀️