Grön Fuels’ $9.2B Carbon Negative Renewable Fuel project wins Air Permit Approval

In Louisiana, Grön Fuels, LLC, has received its Minor Source Air Permit from the Louisiana Department of Environmental Quality. The first phase of the project’s 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 facility will produce green hydrogen, renewable diesel, arctic spec renewable diesel, sustainable aviation fuels and bio-plastic feedstocks. Through Capio Sequestration, LLC, another Fidelis portfolio company, tens of millions of tons of biogenic CO2 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.

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.