Downey Ridge Environmental and BP enter strategic and financial agreement for biofuels

As part of the agreement, BP will finance the expansion of Greasezilla's production facilities to support the delivery of brown grease feedstock to the market, aimed at furthering the renewable diesel (RD) and sustainable aviation fuel (SAF) markets.

Greasezilla's technology extracts nearly pure brown grease from grease trap waste and refines it into biofuel feedstock. This can play a pivotal role in the future development of a nationwide platform to manage fats, oils, and grease (FOG), waste material derived from commercial kitchens and commodity processing that has typically been incinerated or landfilled until now. Brown grease poses a costly challenge for many cities nationwide, as its disposal is both expensive and complex.

This push to fund up to 40 new FOG receiving stations, with up to US$5 million per site, using proprietary Greasezilla technology will make a meaningful difference in capturing and converting this waste material into a valuable commodity that is covered by the Jacobsen price reporting as feedstock for biofuel production, such as RD and SAF.

Greasezilla's specialised technology and BP's biofuel production capabilities create a synergy of complementary expertise that enhances efficiency and quality, while helping both companies progress their sustainability goals through innovative energy solutions. While promoting environmental stewardship, Greasezilla benefits from BP's global network, enabling wider biofuel distribution, while BP expands its access to lower carbon feedstock to help meet growing SAF demand.

Nigel Dunn, Senior Vice President, Biofuels Growth at BP, said: "Bioenergy is one of BP's transition growth engines and we aim to increase our production of biofuels like SAF. Working with Greasezilla and their innovative technology helps provide the low carbon feedstock for processing in our refineries and meets the biofuels needs our customers increasingly want."

Greasezilla President Ron Crosier, said: "We've sought an ally in energy who shares our commitment to the environment, and our vision for developing Greasezilla. BP's vision aligns with ours, and we couldn't be more pleased."

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/02102024/downey-ridge-environmental-and-bp-enter-strategic-and-financial-agreement-for-biofuels/