December 02, 2024 01:00 PM Greenwich Mean Time

HOUSTON–(BUSINESS WIRE)–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.

Mr. Radermacher brings over 40 years of global experience spanning chemical manufacturing, procurement and marketing; petrochemical, gas chemical and coal trading; natural gas transportation and marketing; NYMEX trading; and most recently, renewable fuels manufacturing and trading. At Transition Industries, Mr. Radermacher is responsible for all methanol marketing and trading matters, including sourcing, structuring, negotiating, and executing both long-term and short-term methanol offtake agreements with world-class customers as well as market activities to optimize netbacks and mitigate risk.

“We are pleased to announce Mike’s position at a key inflection point in Transition Industries’ long-term growth trajectory, starting with our flagship Pacifico Mexinol project, and then focusing on our future projects currently in the development phases. Mike is one of the top methanol marketers and traders in the world, and we are excited to have him join our team as we ramp up our growth as a company,” said CEO Rommel Gallo.

Transition Industries is jointly developing the Pacifico Mexinol project, a 6,145 MT per day ultra-low carbon methanol production facility in the Ahome Municipality of Sinaloa, Mexico, with the International Finance Corporation (IFC), a member of the World Bank Group. Pacifico Mexinol is expected to break ground in early 2025 and begin commercial operations in 2028.

About Transition Industries

Transition Industries LLC, based in Houston, Texas, is a developer of world-scale, net-zero carbon emissions methanol and hydrogen projects in North America to address climate change and promote environmental and social sustainability. For additional information about Pacifico Mexinol or Transition Industries, email inquiries@transitionind.com.