Powering the Future of Sustainable Fuels

Producing low-carbon methanol and sustainable fuels using proven, financeable technology—ready to deploy now.

Why Low-Carbon Methanol & Why Now?

The global transition to decarbonized fuels is creating unprecedented demand across maritime, chemical, and sustainable aviation sectors. The supply gap is real, and the window of opportunity is now.

Global Market Growth

16-20%

CAGR 2029-2049

The global blue methanol market is projected to grow from 1.0-1.5 Mtpa in 2029 to 20-30 Mtpa by 2049, driven by decarbonization mandates and early adoption in key sectors.

Maritime Market Potential

3-4.5 Mtpa

U.S. by 2049

Maritime sector leading the charge with Gulf Coast bunkering hubs creating immediate demand. Strong policy support through 45Q tax credits and LCFS value stacking.

Supply Gap Opportunity

2025-2035

Critical Decade

Blue methanol fills the crucial supply gap before green methanol scales post-2035. Early market engagement from potential offtakers validates the near-term opportunity.

Sources: Industry analysis, IMO 2050 Strategy, U.S Department of Energy reports

Why ThermaFuels?

We're a project development company focused on execution, partnerships, and scale. Here's what sets us apart:

🎯 Development-First Mindset

We focus on getting projects financed, built, and operational—not just selling technology. Every decision is made with bankability and execution in mind.

⚡ Execution-Focused Approach

24-month timeline from FID to operations using proven, TRL-9 technologies. No development delays, no unproven systems—just reliable project delivery.

🤝 Partner-Aligned Model

Flexible structures for off-takers, investors, and strategic partners. We adapt to your needs—whether equity participation, fuel supply agreements, or hybrid models.

📈 Experience-Driven Team

Multiple years of combined expertise in energy project development, execution, maritime operations, chemical engineering, and carbon markets. We've done this before.

🔄 Built for Scale

Modular, repeatable platform designed for rapid deployment across multiple sites. First project in South Houston is just the beginning of a multi-project pipeline.

🌍 Strategic Site Selection

Multiple identified locations with excellent feedstock access, transportation infrastructure, and proximity to key markets. We're positioned where opportunity meets execution.

Technology Strategy

We deploy proven technologies today while maintaining flexibility for tomorrow's innovations.

Near-Term Solution

Deploy Now, Generate Revenue Sooner

Proven TRL-9 technologies from established suppliers. 24-month construction timeline from FID. Lower execution risk with bankable engineering and performance guarantees. Financeable from day one.

Innovation Champions, Technology Agnostic

Platform designed for technology upgrades as new solutions mature. Tracking electrified reforming, methane pyrolysis, and advanced capture systems. We adopt innovations when they're proven and economically viable—not before. We are innovation champions who will add new technologies as they become stable and viable.

Long-Term Evolution

Competitive Advantages

Speed, Certainty, Scale

Faster time to deployment: No R&D delays
Lower execution risk: Proven components
Scalable model: Modular, repeatable
Future-proof: Flexible for evolution

Project Timeline

Clear path from development to operations with realistic timelines and milestones.

Total: ~3.5 Years
0
6mo
1yr
3yr
3.5yr
6
months
Development
Site control, permitting, engineering, financing
FID
Final Investment Decision
Financial close, EPC contracts
24
months
Construction
Module delivery, installation, integration
3-6
months
Commissioning
Testing, ramp-up, certification
Commercial Operations
Production & revenue generation

Strategic Partnership Opportunities

We work with key stakeholders across the sustainable fuels value chain. Learn how ThermaFuels creates value for your business.

Investors

What Matters: Risk-adjusted returns, proven technology, experienced team, clear exit strategy.

Why ThermaFuels: Financeable projects with 24-month construction timelines, mature technology partners, and strong offtake interest. Our ring-fenced project structures provide downside protection and predictable cash flows.

EPCs

What Matters: Project pipeline, execution clarity, scope definition, payment certainty.

Why ThermaFuels: Multiple identified sites, proven modular methanol synthesis platform, clear engineering scope from established technology providers. We bring ready-to-execute projects with committed capital.

Traders

What Matters: Volume certainty, product specification, delivery logistics, pricing mechanisms.

Why ThermaFuels: 100 kpta per module with scalable production, strategic Gulf Coast location, flexible offtake terms. Low-CI methanol commands premium pricing with growing regulatory value.

Ship Owners

What Matters: Fuel availability, bunkering infrastructure, price stability, IMO compliance.

Why ThermaFuels: Domestic production at key bunkering hubs, long-term supply agreements available, competitive pricing vs. imported alternatives. We help de-risk your fleet decarbonization strategy.

Bunkering Companies

What Matters: Supply reliability, infrastructure integration, volume growth, customer demand.

Why ThermaFuels: Reliable production partner for expanding methanol bunkering operations. South Houston location ideal for Gulf Coast distribution. Partnership opportunities for integrated supply chains.

Leadership Team

Collectively, our leadership team brings 100+ years of experience across energy project development & execution, maritime markets, engineering, and finance. Click on each card to learn more.
 

Management Team

Mark Viehman

Mark Viehman

Chief Executive Officer & Founder

Mark Viehman

Chief Executive Officer & Founder
Leading ThermaFuels strategic vision with 20+ years in sustainable energy ventures and project development.
Scott Macadam, Ph.D.

Scott Macadam, Ph.D.

Chief Technology Officer

Scott Macadam, Ph.D.

Chief Technology Officer
Technical leadership in process engineering and methanol production with 25+ years experience.
Rosa Dominguez-Faus, Ph.D.

Rosa Dominguez-Faus, Ph.D.

Carbon Accounting Expert

Rosa Dominguez-Faus, Ph.D.

Carbon Accounting Expert
Adjunct Professor at NYU. Leading expert in carbon intensity analysis and regulatory certification.
Antonio Villaluenga

Antonio Villaluenga

Chief Development Officer

Antonio Villaluenga

VP, Project Development
25+ years managing complex infrastructure projects from development through operations.
Sparsha Reddy

Sparsha Reddy

Manager, Program Management

Sparsha Reddy

Manager, Program Management
Driving strategic partnerships and market expansion initiatives in clean energy commercialization.

Advisory Team

William E. Preston

William E. Preston

Senior Executive Advisor

William E. Preston

Senior Executive Advisor
35+ years in project finance and energy infrastructure. Former senior executive with deep capital markets experience.
Alvaro Ruiz

Alvaro Ruiz

Senior Executive Advisor

Alvaro Ruiz

Senior Executive Advisor
Transformative business strategist with 30+ years of experience and solid international background in the energy, technology, and environmental services sectors. Deep expertise on growth strategy, capital transactions and vertical integrations.
Michael Macdonald

Michael Macdonald

Senior Executive Advisor

Michael McDonald

Senior Executive Advisor
Strategic advisor with extensive experience in energy markets and business development. Deep expertise in commercial strategy and market analysis.

We Are Proud Members Of

Open Hydrogen Initiative
Greentown Labs
Global SynGas Council
Energy Tech Startups

News & Activity

Stay informed on methanol market developments, regulatory changes, and industry trends shaping the future of sustainable fuels.

Global Maritime Forum Report

Low-Carbon Methanol and Ammonia in Shipping

From pilots to practice: Methanol and ammonia as shipping fuels (Getting to Zero Coalition)


 This comprehensive report prepared by the Global Maritime Forum for the Getting to Zero Coalition introduces a new framework for assessing the maturity of scalable zero-emission fuels from 1) Proof of concept, reached once a fuel has been shown to be safe and effective in real-world demonstrations; 2) Initial scale, reflecting small-scale commercial adoption of the fuel on specific routes and ports; and 3) Maturity, marking the fuel’s development into a widely available solution, with limited barriers to uptake.

Source: Global Maritime Forum (Getting to Zero Coalition)

DNV White Paper

Methanol Fuel in Shipping

DNV White Paper,


 
 This paper from DNV, the world’s leading classification society and a recognized advisor for the maritime industry, examines the status of methanol as a marine fuel, addressing ships capable of using methanol as fuel, methanol fuel production, and the infrastructure that can supply them. It also discusses the potential way ahead for low-GHG methanol in the coming years and decades, highlighting the challenge of balancing supply and demand in light of the potential use of methanol as a GHG compliance strategy.

Source: DNV

Methanol Institute Report

Future Pathways for Methanol

Methanol-to-Jet SAF (Methanol Institute)


 
 This report from the Methanol Institute is one of the first to take a comprehensive look at methanol-to-jet, its potential, and the conditions needed for its success. It highlights both the opportunities and the challenges ahead.


 
 
 
 
 
 
 Source: Methanol Institute