Rayonier Advanced Materials Inc. and Verso Energy have signed a new Memorandum of Understanding (MoU) to enhance their strategic collaboration towards sustainable aviation fuel production in Jesup, Georgia. The agreement focuses on developing a facility to produce electro Sustainable Aviation Fuel (e-SAF) and utilize biogenic carbon dioxide from RYAM's manufacturing operations. The MoU includes plans for projects such as CO₂ Capture and Storage, a renewable hydrogen production unit, and an e-Fuel Production Unit for converting biogenic CO₂ and green hydrogen into e-SAF. These initiatives are being explored at RYAM's Jesup site, highlighting a dedication to industrial innovation and decarbonization. De Lyle Bloomquist, RYAM's President and CEO, and Antoine Huard, Verso Energy's CEO, expressed enthusiasm about the collaboration, emphasizing the value it brings both environmentally and economically. The partnership involves the formation of a joint steering committee and an exclusivity period for project evaluation, with a feasibility study underway to assess technical, economic, and environmental aspects. The ultimate goal is to make a final investment decision within the next 18 to 24 months. RYAM, known for its cellulose-based technologies, aims to leverage its assets for sustainable fuel production, while Verso Energy, specializing in green hydrogen and sustainable fuels, brings expertise in driving low-carbon projects. The combined effort signifies a substantial step towards large-scale deployment of low-carbon fuels and a significant contribution to the global energy transition.