SGP BioEnergy plans to build the biggest renewable fuels plant in South America. It will have two units in Colon and Balboa that will make sustainable aviation fuel (SAF) and renewable diesel (RD).
SGP BioEnergy has chosen Topsoe technology to help make low-carbon fuels in Panama and to allow the facility to run with net-zero emissions by adding green hydrogen from the refining process.
Once it is running at full capacity, the biorefinery will make 180,000 barrels of SAF and RD per day and 405,000 metric tonnes of green hydrogen per year.
This is a big step towards meeting the growing demand for SAF, which is expected to reach 7 to 10.6 billion gallons, or 5% to 7.5% of global aviation fuel consumption, by 2030.
Topsoe will use its innovative HydroFlexTM technology to make SAF and RD. It will also use its H2bridgeTM technology to make sure the plant has a net-zero glasshouse gas footprint by recycling green hydrogen made from waste carbon and production by-products back into the plant’s operations.
Henrik Rasmussen, Managing Director, The Americas, Topsoe, said, “This is a truly amazing project, and we are proud to work with SGP BioEnergy to make it happen. We are excited to use our tried-and-true technologies to help make low-carbon fuels for what will be the largest renewable fuels plant in South America. These technologies will also help the biorefinery run with zero nett carbon emissions. It is a real model for a future with low-carbon energy.”
The building is on track to start making things by 2025. Once it is fully running, the biorefinery will be able to make 180,000 barrels per day (2.6 billion gallons per year) of biofuel and 405,000 metric tonnes per year of green hydrogen. Panama has a lot of potential as a hub for transporting sustainable fuels around the world.
Randy Delbert Letang, CEO of SGP BioEnergy, said, “This facility is a great example of how the energy transition will work in the future. We will not only make the fuel that will get carbon out of transportation, but we will also make it in a way that gets carbon out of the process of making it. This is the first time that advanced biofuels and green hydrogen will be made at this scale together, and we are excited to bring this new technology to Panama.
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