Southern Energy Renewables announced the execution of a Letter of Intent (LOI) with Hapag-Lloyd AG, marking the start of a strategic collaboration to advance large-scale green methanol production in St. Charles Parish, Louisiana. The LOI establishes a framework for project development and the long-term offtake of green methanol, subject to key milestones tied to Southern’s proposed $1.4 billion flagship project, and contemplates potential co-investment in future production facilities. Progress is expected to inform the State of Louisiana’s evaluation of a proposed $400 million bond allocation, while Hapag-Lloyd cited green methanol as a key pathway toward net-zero fleet operations by 2045.

ACCESS Newswire