Advancing Green Aviation: RYAM and Verso Energy Join Forces for Sustainable Fuel Innovation
Key Ideas
- RYAM and Verso Energy deepen their strategic collaboration to develop a facility in Jesup, Georgia, focusing on e-SAF and CO₂ valorization.
- Projects include CO₂ Capture and Storage, renewable hydrogen production, and e-Fuel production, leveraging Jesup's industrial base.
- The MoU signifies a commitment to industrial innovation and decarbonization, with a feasibility study already underway for the proposed projects.
- Both companies aim to contribute to the energy transition by creating low-carbon fuels and demonstrating scalable carbon capture integration.
Rayonier Advanced Materials Inc. (RYAM) and Verso Energy have signed a new Memorandum of Understanding (MoU) to advance a project in Jesup, Georgia, focusing on producing electro Sustainable Aviation Fuel (e-SAF) and utilizing biogenic carbon dioxide. This collaboration builds on their shared commitment to industrial innovation and decarbonization. The MoU outlines joint feasibility studies for projects such as CO₂ Capture and Storage (CCS), renewable hydrogen production, and converting biogenic CO₂ and green hydrogen into e-SAF. RYAM's President expressed enthusiasm for the potential environmental and economic value creation, while Verso Energy's CEO highlighted the opportunity to demonstrate scalable carbon capture integration in North America. The agreement includes the formation of a joint steering committee, an exclusivity period for project evaluation, and the anticipation of definitive agreements and a feasibility study. The companies aim to make a final investment decision within the next 18 to 24 months. This collaboration signifies a positive step towards sustainable fuel innovation and contributes to the global push for decarbonization.
Topics
North America
Renewable Energy
Decarbonization
Collaboration
Sustainable Development
Industrial Innovation
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