SunGas Renewables announces the formation of Beaver Lake Renewable Energy
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
A wholly-owned subsidiary of SunGas Renewables, Beaver Lake Renewable Energy (BLRE), is expected to generate nearly 400 000 tpy of green methanol from the production facility, used for marine fuel.
The construction of the plant will create more than 1150 jobs and more than 100 local jobs during operation.
The green methanol produced is expected to be used to fuel AP Moller - Maersk's fleet of methanol-powered container vessels and will utilise wood fibre from local, sustainably-managed forests. The methanol will have a negative carbon intensity through sequestration of nearly 1 million tpy of carbon dioxide (CO2) produced by the project, which will be executed by Denbury Carbon Solutions.
SunGas Renewables anticipates BLRE will invest approximately US$2 billion to construct the project at the former International Paper facility in Rapides Parish, Louisiana, US. The BLRE facility is expected to begin construction in late 2024, with commercial operations commencing in 2027.
Robert Rigdon, CEO of SunGas Renewables, said: "Using biomass from sustainably managed forestry along with carbon capture allows our project to generate green marine shipping fuel while simultaneously removing carbon from the atmosphere. This new low-carbon marine fuel facility also helps strengthen communities and create sustainable economies here in Rapides Parish. As we continue our mission to make a meaningful impact in the energy transition, we look forward to collaborating with all our project partners and the State of Louisiana to construct and operate this important project.”
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/27072023/sungas-renewables-announces-the-formation-of-beaver-lake-renewable-energy/
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