White Summit Capital to invest $267M in green hydrogen and methane plant in Spain

In Spain, Reuters reports that White Summit Capital plans to invest $267 million in a Spanish green hydrogen and e-methanol plant in the port area of Gijon that will use carbon captured from local industry. The 50MW electrolysis plant will supply the facility that will produce 100,000 metric tons of green methanol annually, with commissioning expected in 2027. The electrolysis plant will eventually double to 100MW. The fuel is expected to supply the shipping industry from Gijon.