RYAM and Verso Energy execute MoU to explore eSAF
Published by Poppy Clements,
Editorial Assistant
Hydrocarbon Engineering,
As part of the MoU, the companies will explore the feasibility of using the biogenic carbon dioxide (biogenic CO2) produced at RYAM’s Tartas France plant along with green hydrogen to produce eSAF, a vital product needed to help reduce the world’s rising greenhouse gases through carbon capture utilisation. The companies expect to qualify for grants from the French government to help fund the cost of this multi-year feasibility study.
“We are excited to be partnering with Verso Energy on this endeavour,” said De Lyle Bloomquist RYAM’s President and CEO. “Combining the unique attributes of RYAM’s Tartas plant with Verso Energy’s expertise in the development of renewable energy creates a great opportunity for the potential expansion of new sustainable fuels at the site.”
Antoine Huard, CEO of Verso Energy, said: “We are very proud to announce our agreement with RYAM. By studying the utilisation of RYAM’s significant resources in biogenic CO2 combined with Verso Energy’s capability to develop green hydrogen and e-fuel projects at industrial scale, we are laying strong foundations to meet the challenge of decarbonising hard-to-abate sectors such as aviation – an industry facing ambitious and binding decarbonation targets as soon as 2030.”
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/28022024/ryam-and-verso-energy-execute-mou-to-explore-esaf/
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