This is the latest news about Randy Letang Or SGP BioEnergy.
SGP BioEnergy is to build South America’s largest renewable fuels plant with two units in Colon and Balboa producing sustainable aviation fuel (SAF) and renewable diesel (RD).
SGP BioEnergy has chosen Topsoe technology to support the production of low-carbon fuels in Panama and to allow the facility to operate with net-zero emissions by adding green hydrogen from the refining process.
Once fully operational, the biorefinery will produce 180,000 barrels per day of SAF and RD, and 405,000 metric tonnes of green hydrogen annually.
This is a significant contribution to meet the growing demand for SAF, which is expected to reach 7 billion to 10.6 billion gallons, or 5%-7.5% of global aviation fuel consumption by 2030. Topsoe will provide its innovative HydroFlex™ technology to produce SAF and RD, while also deploying its H2bridge™ technology to ensure the plant has a net-zero greenhouse gas footprint, recycling green hydrogen generated by waste carbon and production by-product back into the plant’s operations.
Henrik Rasmussen, Managing Director, The Americas, Topsoe, said: “This is truly an amazing project, and we are proud to work with SGP BioEnergy to bring it to life. We are excited to support the production of low-carbon fuels with our proven technologies for what will be the largest renewable fuels plant in South America, while also facilitating the net-zero operations of the biorefinery. It is a true model for a low-carbon energy future.”
Construction is on schedule for first production by 2025. The biorefinery will have a producing capacity of 180,000 barrels per day (2.6 billion gallons per year) of biofuel and 405,000 metric tons of green hydrogen annually once fully operational. Panama offers great potential as a platform to transport the sustainable fuels globally.
Randy Delbert Letang, CEO of SGP BioEnergy, said: “This facility is truly a model of the future of the energy transition. We will not only produce the fuel that will decarbonise transportation but do so in a way that is also decarbonizing the manufacturing process itself. It is the first time both advanced biofuels and green hydrogen will be produced together at this scale, and we are excited to be bringing this innovation to Panama.”
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