SunGas Renewables Announces Green Methanol Production Amenity in Central Louisiana
The company invested around USD 2 billion in the formation of Beaver Lake Renewable Energy (BLRE) to develop a green methanol production amenity.
July 28, 2023. By EI News Network
A completely-owned subsidiary of SunGas Renewables, BLRE is anticipated to produce from the amenity approximately 400,000 metric tons of green methanol annually for marine fuel while generating over 1,150 jobs during construction and over 100 local jobs during operation.
Green methanol produced by BLRE is anticipated to be utilised to fuel A.P. Moller – Maersk’s fleet of methanol-powered container vessels and will use wood fiber from local, sustainably-managed forests.
The methanol will have a negative carbon intensity through the sequestration of around a million tons per year of carbon dioxide produced by the project, which will be executed by Denbury Carbon Solutions.
SunGas Renewables expects BLRE will outlay approximately USD 2 billion to develop the project at the former International Paper facility in Rapides Parish.
The BLRE amenity is expected to commission construction in late 2024 with commercial operations commencing in 2027.
Emma Mazhari, Head of Energy Markets at Maersk, stated, “A.P. Moller – Maersk is excited to be partnering with SunGas Renewables, which is pioneering a truly large-scale pathway to green methanol with its Beaver Lake Renewable Energy facility. We would like to thank SunGas Renewables for showing great leadership and for its commitment to the green transition of energy. This is helping Maersk to deliver valuable services to our customers and is aligned with our aim to reach net zero greenhouse emissions by 2040. Together, as pioneers in the field, SunGas and Maersk are driving a much-needed transition in a heavy pollution industry. We hope that work can be accelerated further in the years to come.”
Robert Rigdon, CEO of SunGas Renewables, said, “Using biomass from sustainably managed forestry along with carbon capture allows our project to generate green marine shipping fuel while simultaneously removing carbon from the atmosphere. This new low-carbon marine fuel facility also helps strengthen communities and create sustainable economies right here in Rapides Parish, Louisiana."
He further said, “As we continue our mission to make a meaningful impact in the energy transition, we look forward to collaborating with all our project partners and the State of Louisiana to construct and operate this important project. This incredible effort happening right here in Pineville will be an innovative and industry leading low-carbon energy solution that will help fuel a better world.”
Maersk is in decarbonizing marine shipping by using green methanol to fuel its new and growing fleet of methanol-powered container vessels.
The BLRE project is SunGas Renewable’s first facility to produce green methanol for Maersk.
SunGas Renewables chose Central Louisiana for the BLRE project because of its long history of sustainably managed forests, available infrastructure to support the facility, and strong local and State support. The company is based in Houston, Texas.
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