COP29: Korean startup targets bunkering with new biomethanol project

Korean producer Plagen plans to produce 10,000 mt/year of biomethanol for bunkering in the Caspian Sea.

PHOTO: Aerial view of Port of Baku in Azerbaijan. International Chamber of Shipping

The company will use agricultural waste as feedstock to produce biomethanol at the Azerbaijani Port of Baku, according to John Kyung, chief executive of Plagen.

Baku is a container shipping port, located at the intersection of the modern Silk Road. It connects Europe, Asia and the Middle East through the Caspian Sea.

Plagen has partnered with Azerbaijan’s agricultural exporter Agrarco to source feedstock for the project. It has not yet specified a timeline.

By Konica Bhatt

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