JX, Sumitomo sign pact to accelerate SAF via Louisiana Green Fuels BECCS project

In Lousiana, JX Nippon Oil & Gas Exploration C and Sumitomo executed consortium agreements to manage investment in the Louisiana Green Fuels BECCS project at the state’s Port of Columbia. The project will produce 32 million gallons of SAF per year and has a scheduled commercial operation date in 2029. The Project will convert woody biomass waste into synthesis gas, and then synthesize and upgrade it into SAF and Renewable Naphtha (“RN”). The Project is powered by a biomass-fired power plant using sawmill and other woody biomass waste attached with carbon dioxide (capture and storage facility addressing CO2 emitted from the Project, both installed onsite and owned by the Project. Once complete, the Project will create approximately 150 direct jobs onsite, while five to six times as many indirect job opportunities are also expected and will contribute to the improvement of the local quality of life.

Sumitomo entered into a Joint Development Agreement with Strategic Biofuels on the Project in February 2024. JX will manage and invest in the Project.

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