SGP BioEnergy lands $250M from GEM for Panama biorefinery

In New York, SGP BioEnergy announced a $250 million equity commitment from Global Emerging Markets (GEM), a European private alternative investment group, to support the development of the Golden City Biorefinery in Colon, Panama and lay the groundwork for SGP’s transformative Zero-Waste Ecosystem.

The Golden City Biorefinery is poised to become one of the largest advanced biorefineries on the planet and will revolutionize development in the advanced biofuels sector. Situated at the Panama Canal, the biorefinery will produce up to 180,000 barrels daily and generate up to 405,000 metric tons of green hydrogen annually – with immediate access to more than 1,900 international ports.

As a part of SGP’s Zero-Waste Ecosystem platform, the Golden City Biorefinery project aims to achieve all 17 United Nations Sustainable Development Goals (SDGs). SGP’s forward-thinking model combines Profit, Access, and Impact for All, laying a robust foundation for global biofuel ecosystems.
GEM’s $250 million equity commitment can be drawn upon following SGP’s public listing.