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Grön Fuels’ $9.2 Billion Carbon Negative Renewable Fuel Complex Achieves Major Milestone with Air Permit Approval
April 22, 2021 GMT
BATON ROUGE, La., April 22, 2021 /PRNewswire/ -- Fidelis Infrastructure, LP and the Baton Rouge Area Chamber are pleased to announce on Earth Day 2021 a major milestone in the development of a $9.2 billion carbon negative renewable fuel complex at the Port of Greater Baton Rouge: Fidelis’ portfolio company, Grön Fuels, LLC, has received its Minor Source Air Permit from the Louisiana Department of Environmental Quality.
The first phase of the multiphase, multiyear 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 CO21 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.