Grön Fuels $9.2B, Sustainable Aviation Fuel and Renewables Complex Achieves Major Milestone with Air Permit Approval.
Fidelis Infrastructure, LP and the Baton Rouge Area Chamber announced on Earth Day 2021 a major milestone in the development of a $9.2 billion carbon negative renewable fuel complex at the Port of Greater Baton Rouge: Fidelis’ portfolio company, Grön Fuels, LLC, has received its Minor Source Air Permit from the Louisiana Department of Environmental Quality.
The first phase of the multiphase, multiyear program is the 63,000-barrel-per-day Grön Fuels production facility that Fidelis expects will achieve final investment decision in 2021. The total complex is projected to result in more than 5,000 direct and indirect quality jobs and be implemented over an approximate ten-year period.
The Grön Fuels facility will produce green hydrogen, renewable diesel, arctic spec renewable diesel, sustainable aviation fuel and bio-plastic feedstocks.
Through Capio Sequestration, LLC, another Fidelis portfolio company, tens of millions of tons of biogenic CO21 will be captured and sequestered over the life of the plant to create a carbon negative enterprise, which has the net impact of removing CO2 from the atmosphere – reversing climate change, rather than simply slowing it.
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Bengt Jarlsjo, COO, partner, president and co-founder of Fidelis Infrastructure, LP.:
We are grateful to the state and local leadership, our partners, customers and service providers for the positive support as we achieve this major milestone,.
Dan Shapiro, CEO, managing partner and co-founder of Fidelis, added:
Receiving the Minor Source Air Permit from the DEQ as we celebrate Earth Day 2021 and successfully rise above the pandemic is symbolic and meaningful for all involved in what is designed to be a fully integrated carbon-negative enterprise.
Situated strategically at the crossroads of rail, deep water ports, the Mississippi River and national pipeline connectivity, the Grön Fuels complex will leverage a strong local workforce as global markets continue to increase demand for low carbon energy, materials and consumer goods.
Adam Knapp, president and CEO of the Baton Rouge Area Chamber.
This world-class facility will establish Baton Rouge as a leader in renewable energy, and today, we are one step closer to making it a reality.
“Combining positive environmental impact with transformative economic growth, the Grön Fuels investment will put our region on the map as a model for sustainability and innovation in the energy industry.”
Fidelis’s Grön Ecosystem Will be the Largest Integrated Renewable Energy, Materials and Carbon Management Facility in the World, Producing Renewable Diesel, Green Hydrogen, Bio-Plastic Feedstocks and Sustainable Aviation Fuels with Biogenic Carbon Capture and Sequestration
Grön Fuels’ $9.2 Billion Carbon Negative Renewable Fuel Complex Achieves Major Milestone with Air Permit Approval, BATON ROUGE, La., April 22, 2021
