Published by Todd Bush on December 13, 2024
LONDON, Dec 12 (Reuters) - British power company Drax (DRX.L), said on Thursday it had reached an agreement on the terms of a multi-year supply deal of biomass pellets for Pathway Energy's proposed sustainable aviation fuel project in the United States.
Under the deal, Drax will supply more than 1 million tonnes a year of sustainable biomass pellets to the plant on the U.S. Gulf Coast.
>> In Other News: Spiritus Partners with Nambé Pueblo to Launch Carbon Removal Pilot Facility
The plant will produce 30 million gallons of carbon negative jet fuel per year, equivalent to more than 150 million gallons of carbon-neutral blended sustainable aviation fuel (SAF).
The plant should begin construction in 2026 and commercial production is expected to start in 2029
When fully operational, the plant will be capable of producing 30 million gallons of carbon-negative SAF annually, the equivalent of enough fuel to power 5,000 carbon-neutral long-haul flights over 10 hours per year.
Pathway intends to develop a bioenergy with carbon capture and storage system at the site in Port Arthur, Texas, which could remove 1.9 million tonnes of carbon dioxide from the atmosphere each year.
Airlines are under pressure to reduce emissions
The aviation industry generates roughly 3% of global emissions.
SAF is made from renewable biomass or waste and is seen as a lower carbon alternative to petroleum-based jet fuel.
SAF currently accounts for around 0.1% of aviation fuel used globally.
The White House aims to meet all of the United States' aviation fuel demand with SAF by 2050 and to supply at least 3 billion gallons of SAF annually by 2030.
Drax said the agreement could pave the way for it to become a strategic partner in the project
Drax added that it could make a potential investment in the form of a convertible loan note of up to $10 million in the project, but no investment decision has yet been made.
Drax is a British power company committed to enabling a zero-carbon, lower-cost energy future. The company is a leading producer of sustainable biomass and operates a range of renewable energy projects worldwide.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue ✈️ CORSIA Transforms Aviation Compliance Into Market Gold Rush 📉 IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter 🎤 GenH2 Executive Chairman Josh McMor...
Inside This Issue 🌍 Global Hydrogen Industry Surpasses USD 110 Billion In Committed Investment As 500+ Projects Worldwide Reach Maturity ♻️ Cielo Advances Waste-to-Fuel Innovation with Project Nex...
Inside This Issue 🏭 CF Industries Flips Switch on Massive CCS Hub That Changes Everything 🧴 Scientists Transform Plastic Waste Into Efficient CO2 Capture Materials ⚡ SHS Group and Verso Energy Sig...
Live Session will Explore Liquid Hydrogen Infrastructure for Aviation TITUSVILLE, FL, UNITED STATES, September 12, 2025 /-- GenH2 Corp., a Path2 Hydrogen Company, a leader in liquid hydrogen infra...
Achieved target ethanol purity of over 99.5vol% at a pilot plant in the Nagasaki District Research & Innovation Center Reduced energy consumption significantly and achieved compact equipme...
Hanwha Power Systems has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for the ammonia fuel gas turbine conversion design aimed at 174K LNG carriers at Gastech 202...
Alléo Energy Unveils Carbon-Negative Green Hydrogen System
Alléo cellulosic waste to hydrogen conversion facility BAY MINETTE, Ala.-- Alléo Energy, a pioneer in sustainable energy solutions, today announced a cellulose-to-hydrogen process yielding over on...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.