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Economic incentives (Advantages compared to existing technology (Faster…
Economic incentives
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public fundings for research projects espescially on low-carbon innovations is a european or even national (competitive) market
As the chemical industry has a high demand on f.e. carbon, the industry aims to use CO2 from the steel mill and concurrently reduce its own demand for fossil resources (and thus costs)
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Synergies with sister company (wood pellets) -> stable demand for wood pellets for the wood pellet factory
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feedstock supply:
- price of alternative feedstock (oil) for production of chemical intermediates important
- waste is inexpensive feedstock
product demand:
- production of methanol from waste is also economically attractive (compared to alternative production processes)
- two potential markets for product supply: feedstock for chemical intermediates and biofuel market
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project funding:
- equity capital available from cooperation partners at industrial cluster at the PoR
- public funding available (more in Canada, less in Rotterdam)"
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