Articles from Transition Industries LLC

Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and green hydrogen projects in North America, held a signing event for an Engineering, Procurement, and Construction (EPC) contract with the consortium of Samsung E&A Co., Ltd. (Samsung E&A), Grupo Samsung E&A Mexico, S.A. de C.V., and Techint Engineering and Construction for the Pacifico Mexinol project located in Ahome, Sinaloa, Mexico, which is contingent upon the fulfillment of customary conditions precedent and obtainment of all required approvals.

The Sembrando Vida Program and Pacifico Mexinol (Mexinol), a subsidiary of Transition Industries, have signed the first partnership agreement between the Sembrando Vida program and a private company in the state of Sinaloa, marking a milestone in the connection between the public and private sectors for sustainable community development.

Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and hydrogen projects in North America, announced today the publication of its inaugural Sustainability Report “Values in Action” for 2024.

Transition Industries LLC, based in Houston, TX, today announced its 2025 goals towards upholding its commitment to the United Nations Guiding Principles on Business and Human Rights (UNGPs). The company’s Human Rights Policy, which also applies to the Pacifico Mexinol project, a 6,145 MT per day ultra-low carbon methanol production facility in the Ahome Municipality of Sinaloa, Mexico, commits to annual assessments and action plans to mitigate potential human rights risks and continued engagement on human rights aspects with local stakeholders, including vulnerable populations.

Transition Industries LLC, based in Houston, TX, today announced an appointment to its executive management team to bolster its industry experience as the company prepares for its next phase of growth. Methanol industry veteran Michael Radermacher has been appointed as Head of Marketing, responsible for methanol offtake and marketing.

Transition Industries announced this week that it is furthering its commitment to support the long-term socioeconomic development in the Ahome Municipality of Sinaloa, Mexico where its Pacifico Mexinol project, a 6,145 MT per day ultra-low carbon methanol production facility, is expected to be in operation in 2028. Transition Industries has signed a cooperation agreement with the Autonomous University of Sinaloa (UAS) to engage local academic leaders in economic research studies.

Transition Industries LLC announced that it has signed a Letter of Intent (LOI) with Mitsubishi Gas Chemical Company, Inc. (MGC) to enter into a long-term Methanol Sales Agreement (MSA). Under the MSA, Transition Industries intends to supply MGC approximately 1 million MT per annum of ultra-low carbon methanol from its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico, expected to be in operation in 2028. Transition Industries is jointly developing Pacifico Mexinol with the International Finance Corporation (IFC), a member of the World Bank Group. The terms of the LOI and MSA were not disclosed.

Transition Industries LLC announced that it has signed a Letter of Intent (LOI) with Mitsubishi Gas Chemical Company, Inc. (MGC) to enter into a long-term Methanol Sales Agreement (MSA). Under the MSA, Transition Industries intends to supply MGC approximately 1 million MT per annum of ultra-low carbon methanol from its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico, expected to be in operation in 2028. Transition Industries is jointly developing Pacifico Mexinol with the International Finance Corporation (IFC), a member of the World Bank Group. The terms of the LOI and MSA were not disclosed.

Transition Industries LLC recently completed a month-long series of public consultation and disclosure meetings in Mexico to share results of its Environmental and Social Impact Assessments (ESIA) for the Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico. The voluntary disclosure process aligns with the International Finance Corporation (IFC) Environmental and Social Performance Standards and the Company’s industry-leading transparency and stakeholder engagement policies. It was an important milestone for the Project which expects to break ground by early-2025.

Transition Industries LLC announced that it has signed a multi-year agreement with the Ahome Municipality’s Drinking Water and Sewage Board (“JAPAMA”) to use municipal wastewater for all water resource needs for its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico.

Transition Industries LLC announced at COP 28 that it has entered into a Master Services and Marketing Agreement (MSMA) with Macquarie Commodities Trading, an affiliate of Macquarie Group’s Commodities and Global Markets business (“Macquarie” / “CGM”), for its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico (“Pacifico Mexinol” or the “Project”).

Transition Industries LLC announced at COP 28 that it has signed a Joint Project Development Agreement (JPDA) with the International Finance Corporation (IFC), a member of the World Bank Group, to jointly develop its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico.